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What does a horizontal line represent?

  • #21
  • Jun 4, 2018 4:31am Jun 4, 2018 4:31am
Quoting michaellobry
Just for the sake of argument, some of the "best" horizontal lines are: 1. Initial balance (opening range) 2. Commercial capping levels 3. Value Area High 4. POC 5. Value Area Low 6. Naked POCs. 7. High volume nodes 8. Low volume nodes Question: 1. What are commercial capping levels, poc and naked pocs? 2. Value Area High: is that HH/HL/LH/LL in a swing?
Wow all this is new to me, this is advance level trading.

Any idies/resources for us to research, please?
Let it turn and find your entry.
  • #22
  • Jun 4, 2018 4:54am Jun 4, 2018 4:54am
Quoting michaellobry
Just for the sake of argument, some of the "best" horizontal lines are: 1. Initial balance (opening range) 2. Commercial capping levels 3. Value Area High 4. POC 5. Value Area Low 6. Naked POCs. 7. High volume nodes 8. Low volume nodes Question: 1. What are commercial capping levels, poc and naked pocs? 2. Value Area High: is that HH/HL/LH/LL in a swing?
9. Logical Support & Resistance zones.
It never gets easier, you just get better
  • #23
  • Jun 4, 2018 5:53am Jun 4, 2018 5:53am
Quoting Intrepidpips
{quote} Wow all this is new to me, this is advance level trading. Any idies/resources for us to research, please?
@Intrepips
"It's the underlying principle of supply/demand the bars represent that matter. I know that price was balanced and then we had imbalance (trend). I know that price moved outside the initial balance (first hour range). And I know where the institutions are looking to come in (commercial capping levels). I know that price is at unfair highs when we see the Buying climax which is the start of the distribution phase. I know that this is responsive selling and not initiative buying. I also know that a good price target on the short would be back to the level where most of the trading has taken place-the Point of Control (POC).
Of course not everyone needs to know these things to trade. I'm just finding that I might."
https://www.forexfactory.com/showthr...23#post6192323
Attached Image (click to enlarge)
Click to Enlarge Name: ex 1.png Size: 144 KB
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  • #24
  • Jun 4, 2018 5:57am Jun 4, 2018 5:57am
Quoting Shabs19
{quote} 9. Logical Support & Resistance zones.
Thank you! I really appreciate your reply. I agree, logical support & resistance zones, but then the question is, which SR horizontal line what do you consider a SR to be? If you'd like you can support your argument with when price bounces are not coincidences.
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  • #25
  • Jun 4, 2018 6:03am Jun 4, 2018 6:03am
Quoting michaellobry
{quote} @Intrepips "It's the underlying principle of supply/demand the bars represent that matter. I know that price was balanced and then we had imbalance (trend). I know that price moved outside the initial balance (first hour range). And I know where the institutions are looking to come in (commercial capping levels). I know that price is at unfair highs when we see the Buying climax which is the start of the distribution phase. I know that this is responsive selling and not initiative buying. I also know that a good price target on the short...
That learning curve is too steep without indicators to show these levels on a chart I'd suggest it's a lot of subjectivity, or insuder knownedge required.
Let it turn and find your entry.
  • #26
  • Jun 4, 2018 6:12am Jun 4, 2018 6:12am
Quoting michaellobry
{quote} Thank you! I really appreciate your reply. I agree, logical support & resistance zones, but then the question is, which SR horizontal line what do you consider a SR to be? If you'd like you can support your argument with when price bounces are not coincidences.

For me if it can't be programmed into an indicator, I don't want to rack my brains cooking them up. You can draw some of those lines and trade them buy majority of them are only useful for swing trading requiring wide stops.

You can see how easy it is to work with pivots, find an entry and the pivots show you "sitting duck" targets with tight stops.
Attached Image (click to enlarge)
Click to Enlarge Name: PIVOTS 1.png Size: 74 KB
Let it turn and find your entry.
  • #27
  • Jun 4, 2018 6:21am Jun 4, 2018 6:21am
Quoting michaellobry
{quote} support your argument with when price bounces are not coincidences.
Talking like that means you want proof like retail traders can have the Market makers order book, well sorry not in a million years you can't. You can't know which hedge funds or Central Banks or group of Institutional traders' orders were filled moving the market up or down.

I am really skeptical when I hear S&D because the gurus leave out one basic component of S&D and that is quantity, none of them can tell you that thi was the number of lots that brought the market up at this price, they only see that sentiment has changed after the fact.
Let it turn and find your entry.
  • #28
  • Jun 4, 2018 6:25am Jun 4, 2018 6:25am
Quoting michaellobry
{quote} Thank you! I really appreciate your reply. I agree, logical support & resistance zones, but then the question is, which SR horizontal line what do you consider a SR to be? If you'd like you can support your argument with when price bounces are not coincidences.
You need to understand how to read charts & human behaviour, before you can understand how to correctly place these zones.
It never gets easier, you just get better
  • #29
  • Jun 5, 2018 1:47pm Jun 5, 2018 1:47pm
Quoting Shabs19
{quote} 9. Logical Support & Resistance zones.
What do you exactly mean by the word 'logical' here? Do you mean logical zones that are those that have held more than once, at least?
  • #30
  • Jun 5, 2018 3:08pm Jun 5, 2018 3:08pm
Quoting Intrepidpips
{quote} For me if it can't be programmed into an indicator, I don't want to rack my brains cooking them up. You can draw some of those lines and trade them buy majority of them are only useful for swing trading requiring wide stops. You can see how easy it is to work with pivots, find an entry and the pivots show you "sitting duck" targets with tight stops. {image}
could u pelase explain me hwo do you set news box in indicator window? please share this indicator,thanks
  • #31
  • Jun 6, 2018 2:08am Jun 6, 2018 2:08am
Quoting T4Trade
{quote} could u pelase explain me hwo do you set news box in indicator window? please share this indicator,thanks
Okay here you go, knock yourself out.
Attached Image (click to enlarge)
Click to Enlarge Name: NEWS.png Size: 81 KB
Attached File(s)
File Type: ex4 News reader.ex4   103 KB | 435 downloads
File Type: ex4 NewsBrk-v007.ex4   21 KB | 418 downloads
File Type: ex4 NewsCal-v107.ex4   29 KB | 412 downloads
File Type: ex4 NewsCal-v108a.ex4   29 KB | 434 downloads
Let it turn and find your entry.
  • #32
  • Jun 6, 2018 2:57am Jun 6, 2018 2:57am
Quoting T4Trade
{quote} could u pelase explain me hwo do you set news box in indicator window? please share this indicator,thanks
You are welcome.
Attached File(s)
File Type: ex4 #3 News Panel (Black).ex4   71 KB | 441 downloads
File Type: ex4 NEWS FFCal Headlines.ex4   36 KB | 467 downloads
File Type: ex4 News reader (1).ex4   101 KB | 455 downloads
File Type: ex4 NewsBrk-v0.ex4   21 KB | 418 downloads
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  • #33
  • Jun 6, 2018 12:52pm Jun 6, 2018 12:52pm
thanks a lot!
  • #34
  • Last Post: Jun 7, 2018 6:49pm Jun 7, 2018 6:49pm
Quoting jas0992
{quote} What do you exactly mean by the word 'logical' here? Do you mean logical zones that are those that have held more than once, at least?
No, zones that have switched polarity are worth looking at.
It never gets easier, you just get better
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