Good morning guys,
Its been a busy morning, and the system also had some good signals, this is just one of it I am sure you guys have taken your own and if you are so kind of posting them would be awesome for everfybody to learn, digiff you got it at the first time, lol I am surprised man. I will for publish the system in the post number 1 so its easy to find for everybody.
Now the ribbons.-
These are the ribbons and they are multi timeframe, it means we will be able to see the current timeframe which is the ribbon closer to the price, it is a 5mins for say something.
Then the bigger timeframes, 30mins, 1 hr and 4 hrs
There are several purposes of how we can use them, if you look at them closely just the ribbons and the price you will be able to spot the waves or moves the market does, you will be able to see how the price looks for supports and resistences among the ribbons, like Tarzan jumping from one tree to the other.
It can either rest and look for another one or it can break it, depending on the strength of the movement.
Rules to trade them=
The ribbons when they are open, the price can pass through them easily, but when they are closed or narrow they turn into very strong levels of supports or resistances, in the example below, please look at the 1hr ribbons
Look how the ribbon looks as flat almost as a needle and look how strong takes the market up, like surfing, like if the market were on a surfing board it goes steady up.
When the ribbons are open, sometimes are easier to pass through, not always but lets say there is a bigger chance, but it is safe to trade inside a ribbon if its open.
Its been a busy morning, and the system also had some good signals, this is just one of it I am sure you guys have taken your own and if you are so kind of posting them would be awesome for everfybody to learn, digiff you got it at the first time, lol I am surprised man. I will for publish the system in the post number 1 so its easy to find for everybody.
Now the ribbons.-
These are the ribbons and they are multi timeframe, it means we will be able to see the current timeframe which is the ribbon closer to the price, it is a 5mins for say something.
Then the bigger timeframes, 30mins, 1 hr and 4 hrs
There are several purposes of how we can use them, if you look at them closely just the ribbons and the price you will be able to spot the waves or moves the market does, you will be able to see how the price looks for supports and resistences among the ribbons, like Tarzan jumping from one tree to the other.
It can either rest and look for another one or it can break it, depending on the strength of the movement.
Rules to trade them=
The ribbons when they are open, the price can pass through them easily, but when they are closed or narrow they turn into very strong levels of supports or resistances, in the example below, please look at the 1hr ribbons
Look how the ribbon looks as flat almost as a needle and look how strong takes the market up, like surfing, like if the market were on a surfing board it goes steady up.
When the ribbons are open, sometimes are easier to pass through, not always but lets say there is a bigger chance, but it is safe to trade inside a ribbon if its open.
Attached Image (click to enlarge)
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