Rubernet’s post 2218 circle indicator has some tremendous qualities that can be used for angle drawing....
Sample attached
Sample attached
Attached Image(s) (click to enlarge)
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- #2,241
- Edited 10:53pm Jul 12, 2020 9:01pm | Edited 10:53pm
- Joined Mar 2009 | Status: Trader | 2,571 Posts
- #2,246
- Edited 2:11am Jul 13, 2020 1:50am | Edited 2:11am
- | Joined Mar 2019 | Status: Trader | 76 Posts
{quote} That just simply is not a 90 degree angle.....sorry....just looking at it clearly not a right angle...great discussion all! Try to tweak the drawing...I started to draw this impulse from the test and failure...should be close... {image}
every time you post a chart and I walkout with a new idea
Can we consider this short trade marked, as a test and failure ? of just take it as another 90 deg trade.
Thanks
- #2,248
- Jul 13, 2020 7:59am Jul 13, 2020 7:59am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
{quote} Sir, every time you post a chart and I walkout with a new idea
- #2,249
- Jul 13, 2020 8:23am Jul 13, 2020 8:23am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
One of the things I would like to emphasize here is to not get too hung up on having the perfect angles, trend lines a so forth because of the many issues with scaling due to size of screen, time, resolutions and so on.
One of the very critical signs of being in the right place to consider a trade are your support/resistance lines established with the proper measurement of the last major swing. These never change....a price level is a price level....it’s the first line of defence and is absolutely THE SINGLE MOST IMPORTANT ANALYSES A TRADER NEEDS TO ESTABLISH before pulling the trigger. Look at last week cable trade....three times price tried to move up past octave level 2 and failed...and look at the result.
When you put all your tools on your belt.....Octave levels, fib levels, historic price levels, pivot levels, you can SEE what others don’t, you can SEE what market makers see, your no longer fooled by spikes and breakouts (90% are false).
You can’t trade a cycle time effectively, or a trend line, or price action without knowing levels of sup/res. Make that your very first consideration in your trading....
my rant for the day
One of the very critical signs of being in the right place to consider a trade are your support/resistance lines established with the proper measurement of the last major swing. These never change....a price level is a price level....it’s the first line of defence and is absolutely THE SINGLE MOST IMPORTANT ANALYSES A TRADER NEEDS TO ESTABLISH before pulling the trigger. Look at last week cable trade....three times price tried to move up past octave level 2 and failed...and look at the result.
When you put all your tools on your belt.....Octave levels, fib levels, historic price levels, pivot levels, you can SEE what others don’t, you can SEE what market makers see, your no longer fooled by spikes and breakouts (90% are false).
You can’t trade a cycle time effectively, or a trend line, or price action without knowing levels of sup/res. Make that your very first consideration in your trading....
my rant for the day
- #2,251
- Jul 13, 2020 8:55am Jul 13, 2020 8:55am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
Would appreciate everyone when referring to Beck just use the word “emblem”. When referring to Jenkins just use Msj. We know who you mean but the Jenkins thread was ruined because a few complained that DM and I were somehow connected to these individuals who sell software and training programs. That never was the case, and never will be a suggestion you purchase something through this thread. This thread is about sharing knowledge regarding Time and Price in the Forex market, nothing else...
- #2,257
- Jul 13, 2020 9:57am Jul 13, 2020 9:57am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
add Octave levels 
{quote} Sir, every time you post a chart and I walkout with a new idea
I only found somewhere aroud here a contractor. 
Oh nevermind. Got it! SF
