DislikedI don't think that's a big enough level. Don't be fooled just because it's a BRN.
Watch 6079 though.Ignored
A better Editor for mql is available. 100x better than MetaEditor 20 replies
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DislikedThe "rounded retest" only comes into play for me after a level is broken. This level has never been broken.
I am not keen on this trade because I don't like trading levels that have been tested multiple times in a relatively short space of time AND also in this example you are buying a level that has only been support.
As I said in the webinar, I would prefer to buy resistance and there is none down here.
It is an option to wait for any break lower and play the retest but I would be wary of the extent of the decline and that would...Ignored
DislikedPardon my oversight if this has been covered, don't remember seeing it but...
Where and when are the webinars? I would definitely like to be in on the next viewing.
Thank you.Ignored
DislikedI am not keen on this trade because I don't like trading levels that have been tested multiple times in a relatively short space of time AND also in this example you are buying a level that has only been support.
As I said in the webinar, I would prefer to buy resistance and there is none down here.
If in doubt, wait. The market will almost always tip its hand.Ignored
DislikedHere's a chart I'm posting to see if I understand your trading method correctly Tom.
I know you don't trade after a certain time, but I'm entering this with a few units and see what the Asian markets bring us.
Touch trade at 0.86575 first time back after a good few days. I'm looking to take full profits at 0.87200 given the strong move down.
TomekIgnored
DislikedTom, what you said in your previous webinar about finding the previous level of support when your looking for resistance and vice verser in key PPZ, is genious! I'm seeing it everywhere now!Ignored
DislikedPrice Pivot Zones is a term used in the James16 Chart thread. Basically zones/areas where price flips between being support and resistance. If I've got it correct, Wizard is saying that he prefers short entries where the PPZ was last acting as support and long entries where the PPZ was last acting as resistance.
CheersIgnored