Real Trading is not gambling.

5/6 candle swing low swing high Indicator 5 replies
Swing high / Swing low indictator+alert? 20 replies
Trading Swing by Swing 39 replies
Swing highs and swing lows 3 replies
swing high/swing low indicator and volume tic history 13 replies
Disliked{quote} Hi Peter, I have no problem with jargon. My problem is when we extrapolate horizontal lines from previous high low and then label them support and resistance. There's assumption behind the jargon and this assumption is faulty and misleading. CheersIgnored
Disliked{quote} I made a live call in new York session. Look at todays market in relation to this price level that's already sitting on our chart. The real problem is traders don't know about such info that sit on our chart. (Compare the difference between Bank traders who has this info and retail traders who doesn't. Btw I'm the average Joe retail trader. My buddy bank trader opened my eyes. I only know price will get to target, how it get there Idk.) What traders are told about support and resistance are to extrapolate from previous high low, the higher...Ignored
DislikedAre you hinting that yesterday's ADR H and L are important if 100% ADR wasn't reached?Ignored
DislikedConsidering the day before didn't reach full ADR, that was a price that hadn't even printed on the chart. How many charts around the World will have yesterday's ADR on today's chart? Yesterday's range, yes, but ADR?Ignored
Disliked{quote} Yes Peter the old motorbike, car, truck on the roundabout. is M1 the cyclist who gets crushed by trucker who can't see him in his mirror..sorry, bad joke. I'm still not proficient in nailing turns that way as I'm still having trouble scaling in and out of trades as opposed to single trade hitsIgnored
Disliked{quote} Only today AFTER the fact how banks move price today do members on FF see the significance of 161.870 which was already sitting on our charts 24hours ago. Traders on FF know about it many hours later. Well, they have been busy drawing horizontal lines and label them support resistance. Enjoy the drawing them. About todays market the demarcation zone is 160. 3280 already sitting on our chart(watch this level - adr lower band closely). Ofc banks will drop price towards this target. Either you know or you don't. What label you use does not...Ignored
DislikedJust as a note here - today's " technical analysis" used by many people is not TA, it is speculative analysis. It bears no resemblance to real technical analysis. AT ALL. I know, I watched it all change from one thing to this today. PeterIgnored
Disliked{quote} Ok, as far as lines from previous H and L's go .. yes, traditionally called support and resistance... but I'd argue they are still of great importance whatever u want to call them. Reason? They mark levels on the chart that will activate trader INTEREST and therefore bring orders into the market. Obviously I'm not saying blindly fade resistance or buy support as the market just couldn't function if it were that easy, but these areas will be used for manipulation. Of course this is elementary trading school class 1 and everybody here knows...Ignored
Disliked{quote} This type of market is unidirectional, meaning banks move price on one side of dol. In this example the demarcation line is above dol, so we don't have to bother about it. This is the best choice provided there's clear pullback to offer entry. The new York session GY 200pips move is useless to me even though I have prior knowledge. There's no pullback to execute safe entry. Retail traders call this trend trading. I call it banks recalibration of the value of the currency pair. That's why I am a value trader following banks intent for the...Ignored
DislikedLet me repeat, you executed a long trade without knowing where the support is, and you don't know where the banks intent to send price to. That's blind trading to ME. Don't you think so? CheersIgnored