Cluster SR - interesting, new way of looking at support & resistance

Im not so sure about Gold fosking! be careful with that, USD seems to be on the moove so, USD and Gold is correlated, when USD moves up Gold goes down and vice versa, but Good luck

Yes, tight stop used.
Price is currently above the thick purple resistance so just following the chart. Will see how it pans out.

USDCHF Update, got stopped out in profit 19+

EURJPY Update, to my suprice it started to look really ugly so I closed out all positions with a total profit 18+ pips, maybe I jump in again if it start to look good

EURJPY M15 Re-entry

it was pretty clear the bulls had enough on that spinning top so went short again,
the trade is looking good for now, Im up 22 pips and I already set my self at brake even and taken off some profits

EURJPY update,

very bearish!

moved my stop down and loocked in some more profit,
currently up 40+ pips

EURJPY Update, got stopped out in profit, so I shouldn't feel sorry
15+ pips, I probably need some work on my exit strategies,
I had 40, well well I allways seem to hold on for as long as can

Another one, EURUSD 1M, short, based on a hanging man,
former support now resistance, and the stripe,
2 positions ,currently 19 pips+

EURUSD 1M update, closed out one position at 16 pip+
Im leaving the other one at brake even hoping to make huge pips,

EURUSD 1M update, no huge pips on this runner position,
price broke the trendline so I closed the position for additional 3 pips,
not much! but better than nothing,
so total 19 pips+ on the trade

roughtrader, can you let us know how you came across this indicator please?

OK I Remember I had a booring time that day, asian session I believe,
the market was at a standstill and there wasn't much to do.
I was trading the Guppy at that time and I was thinking about the Guppy and how he came up with this idea, I looked at it, pondering, and I was thinking what was the reason he used EMA's on the long term MA's? wouldn't it be better if they where SMA's instead? because they are supposed to simulate long term traders, what if I plotted SMA's instead, how would that be? so I did, I plotted a few SMA's and then I started to see a pattern in the SMA's occuring, a swirly pattern, thats interesting! so I plotted a few more, and more swirl and stripes occured, then I started to see the stripes acting as support and resistance, now Im really interested, so I ended up with a huge amount of SMA's on my chart and I could see the stripes and price reacting violently when touching them, I plotted them on all kinds of charts and it was still the same, then I knew this is great information, I could see stuff in the lines, it was allmost like I could see into the future a bit and I knew this was something new, atleast I never seen or heard anyone used this before, then I started to trade using them, and the result was over my expectation, so then I knew they where definitely a good thing. I could see the indicator read the flow of the market in a special way, allowing me to really see where the natural places for support and resistance is located, and also the supply and demand zones,
the indicator is creating this from where price has been before so the indicator follows price like any MA, so that part is lagging,
but what isn't lagging is that it shows the natural places for support and resistance even before we know it will be support and resistance,
because we can see them forming and take shape. and all of that is coming from the swirly effect of the SMA's
the market flow, and the fact that the indicator suprisingly picks up supply and demand zones is because traders and bankers chose to specificly add their limit orders within this flow for a reason, they wouldn't add them anywhere else because they wouldn't get filled.
they add them in specific places where it is most likely price will go and that happends to be within this natural flow.
it's not that the indicator magically can find where there is a bunch of limit orders waiting, because it cannot possibly know that ofcourse,
but anyway, I think it is a invaluble trading tool and I like to share this with traders who can bring it forward and use it to make a lot of money,
so thats the story, and here we are

I think it has some real potential.
I have been trading full time now for just over three years on daily charts and have been looking over the last couple of years for shorter term scalping opportunities to fill my day.
It's certainly a fact that these confluences of MA's are certainly showing S&R levels/zones in the market which can be taken advantage of.

I'm looking forward to the next few weeks to take the time to learn some more about this idea and to formulate some high probability rules, I'm sure it can be achieved.

Thank you!

good morning...

today might be a buy day in EU according to h4 chart below. I just closed a long for -13 because I was chickened out that it might break 1.30. Not a good way to start a day. I wouldn't get out if I saw this chart before. I was looking at m5. anyway, I should focus now and get into better trades.

ismail...

This is my only current trade running still from last night on Gold.
I had two other positions open AUD/USD short which was stopped out at -12 and GBP/USD which was stopped out this morning at +18.

This gold trade is up currently at around +800 with me stop locking in +500.

I am going to try over the next few days to take trades which are selling into the top of the cloud in a down trend (or flat) and buy in an up trend.
I've been trying to sell breaks of support and buy breaks of resistance, but the problem I'm facing is if the pair has moved 50 pips on M5 up wards, then broke resistance, the trade won't have too much further to travel before exhausting (basically buying tops and selling bottoms).
I need to be more patient in waiting for these deeper retracements and hence, higher probability trades.

Gold M5

You got that right,
observe the red support that are taking shape is going upwards,
thats important for longs,

Wow thats a really good trade there

Morning isengoz, I was looking at EU too. My worry is that on the Daily it is trending down and was met by a wave or resistance around 1.3320.
I'm going to be looking for a longer term short on EU around 1.3500 as we reach the think cluster above (if we get that high).

EUR/USD Daily

if we want to go short, we should look for the thick red belt flowing in our direction which would in that case be down, this indicates that is a supply zones because there is more sellers than buyers in it and thats why it's going down, and if we want to go long the red belt should be flowing upwards. that indicates that is a demand zone, and it is going upwards because there is more buyers than sellers in it, if the red thick belt is flat, we should expect sideways movement, that indicates that there is neither a supply or demand zone, it indicates there is equally many buyers as seller in there, we can still trade the extremes kinda like a overbought oversold indicator, RSI, Stoch, CCi etc but we should expect chop

ok, I am in for a long at 1.3014 and aiming for 1.3057 which includes my revenge trade and 30-pips daily target. anyway, it might go up to the daily pivot or at least to the daily open. it's +5 at the moment. let's see what happens...

update1: +10 and stop at BE...