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Sorry I think this thread was a mistake. I've requested it to be sent to the Trash Bin. Good luck to everyone.
Sorry I think this thread was a mistake. I've requested it to be sent to the Trash Bin. Good luck to everyone.
Please add alert to Parabolic Sar 2TF - Please Help! 0 replies
please please help going mad 4 replies
1st thread ever, some direction please 0 replies
QuoteDislikedThis thread will be a discussion about the validity of the concepts of supply and demand, support and resistance and price action and whether or not they apply to trading but apart from anything that SS has "taught".
Disliked{quote} Again, we need charts. I don't think most of us need an education on what supply and demand is or about many of the things you've mentioned here. What this thread is about is directly relating s/d, s/r and PA concepts on price charts. You mentioned order flow and such. Can you demonstrate it on a chart? You also made some very strong assumptions about s/r but can you back that up with a chart or charts?Ignored
Disliked{quote} Thanks berniefx. I appreciate our positive attitude! I think your comments on support and resistance are mostly assumptions. "Support and resistance on non-monthly/non-weekly timeframes in Forex is retail trader nonsense. Humans like to see patterns where there are none, and we react to these areas as if they have any weight. S/R levels on higher timeframes are okay, because these are usually lows and highs of the currency's life, and we know that central banks will step in with monetary policies and institutions will follow suit. S/R also...Ignored
Disliked{quote} S/R is S/R. It doesn't change. There is no such thing as failed s/r....only the erroneous perception or assumption of a s/r level by the trader fails. I read your entire post but there is too much to comment on here. I reject most of your explanations completely. No disrespect intended but I think such thinking has much to do with why many are not profitable. Their understanding of s/r is very flawed as you demonstrated in this post.Ignored
QuoteDislikedThere is no such thing as failed s/r....only the erroneous perception or assumption of a s/r level by the trader fails.
QuoteDislikedSupport is merely an area where buyers consistently respected a fairly narrow price range.
Disliked{quote} Well prove it! That's the whole point of this thread right? I tried to explain my side. You should explain your claims as well. {quote} Well I was talking about the common retail trader's understanding of S/R. It's kinda unfair to suddenly create your own description. {quote} Or maybe you're seeing false positives? I tried to explain it in the previous post. As far as I understand you're basically trading S/D or S/R, but saying be cautious and use price action to time or justify entries before entering. Well what if you just traded...Ignored