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

  • #181
  • Feb 16, 2012 9:12am Feb 16, 2012 9:12am
Quoting fosking
Nice work!
Thanks mate
Bulls are stupid Animals!especially when Im short!
  • #182
  • Feb 16, 2012 9:14am Feb 16, 2012 9:14am
closed out too soon on that butterfly, I would have gotten 200 more if I stayed in a little bit longer,,
Bulls are stupid Animals!especially when Im short!
  • #183
  • Feb 16, 2012 12:28pm Feb 16, 2012 12:28pm
Well this is my first post here and I must say that this is a pretty interesting method. I have been following along and decided to place a trade on the Nzd/Usd 1hr im hoping that this top band of sma's will send price downward. Great job Roughtrader!
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  • #184
  • Feb 16, 2012 1:47pm Feb 16, 2012 1:47pm
Thanks you Checkz and good luck with that trade
Bulls are stupid Animals!especially when Im short!
  • #185
  • Feb 16, 2012 2:02pm Feb 16, 2012 2:02pm
I made a little Quiz for you
I wanted to make sure you understand some of the basic rules,
there is rules, and some of them can be bent a little depending on how experienced and how aggressive you are in your trading method,
most rules have been written about in earlyer posts.
these ones are the rules for the conservative style,
everyone ansvering the right question will pass the first test.

I will be posting these from time to time to make sure you have understod my explanations, so the first question is,

why would you pass on going long on the brakeout above the red thick line?
try to imagine that decline didn't happend yet.
there is 3 ansvers Good luck
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Bulls are stupid Animals!especially when Im short!
  • #186
  • Feb 16, 2012 2:06pm Feb 16, 2012 2:06pm
Quoting roughtrader
I made a little Quiz for you
I wanted to make sure you understand some of the basic rules,
there is rules, and some of them can be bent a little depending on how experienced and how aggressive you are in your trading method,
most rules have been written about in earlyer posts.
these ones are the rules for the conservative style,
everyone ansvering the right question will pass the first test.

I will be posting these from time to time to make sure you have understod my explanations, so the first question is,

why would you pass on going long...
On a higher timeframe you are coming up to a band or cluster of sma's on the higher timeframe
  • #187
  • Feb 16, 2012 2:12pm Feb 16, 2012 2:12pm
I should have said that the information is on this chart,
lets say the higher timeframes are OK,
try again

I will be checkin in tomorrow
nite
Bulls are stupid Animals!especially when Im short!
  • #188
  • Feb 16, 2012 6:18pm Feb 16, 2012 6:18pm
Amazing job roughtrader, simple as the MA's u use , but looks very effective.
I added the template to the plataform, I was trying to find a way to get S and R signals other than the traditional ways and the beauty here is that it allows you to see not only where they are placed, but the potential strenght of those levels.
Thank you a lot for being kind and sharing it!

Keep it up!
  • #189
  • Feb 16, 2012 6:38pm Feb 16, 2012 6:38pm
Quoting roughtrader
I made a little Quiz for you
I wanted to make sure you understand some of the basic rules,
there is rules, and some of them can be bent a little depending on how experienced and how aggressive you are in your trading method,
most rules have been written about in earlyer posts.
these ones are the rules for the conservative style,
everyone ansvering the right question will pass the first test.

I will be posting these from time to time to make sure you have understod my explanations, so the first question is,

why would you pass on going...
Well the pinnish bar is suspicious---the retest failed---and the long term ma's are still pointing downwards.
We are all One. Be present. Be the Observer
  • #190
  • Feb 16, 2012 7:29pm Feb 16, 2012 7:29pm
Quoting roughtrader
I made a little Quiz for you

I will be posting these from time to time to make sure you have understod my explanations, so the first question is,

why would you pass on going long on the brakeout above the red thick line?
try to imagine that decline didn't happend yet.
there is 3 ansvers Good luck
1. The main trend is down.
2. Very Thick Red area - indicate Supply and demand zone
3. More selles waiting to sell than buyers to buy, also diagonal trend is at resistance.

Just my 2cents.

Thanks for sharing.
  • #191
  • Feb 16, 2012 8:12pm Feb 16, 2012 8:12pm
As far as I can tell all those MA's mean very little except where a currency pair was at a previous time,

Decide for yourself. Still undecided about EUR direction. Probably up but it might get "hairy".
  • #192
  • Feb 16, 2012 8:21pm Feb 16, 2012 8:21pm
I just like how MAs are able to forecast trader's future actions ie "Supply and Demand". lol
  • #193
  • Feb 17, 2012 3:29am Feb 17, 2012 3:29am
I don't think it matters whether the clusters really reflect supply and demand areas or not.

what we require as traders are repeatable price patterns with specific areas supporting effective and pinpoint trade management. It doesn't matter what we use to find these patterns - just that we do.
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Click to Enlarge Name: csma3.gif Size: 36 KB
Enter Signature
  • #194
  • Feb 17, 2012 7:24am Feb 17, 2012 7:24am
I got stopped out of my first trade so im waiting for a breakthrough of the cluster of sma's below on the 5 minute chart.
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  • #195
  • Feb 17, 2012 9:18am Feb 17, 2012 9:18am
Greetings all! Im finally back in case you missed me,
I haven't been online anything since yesterday
I had some computer problems last night and I didn't knew how to fix it,
so I had to re-install my operationg system,
don't you just hate when that happends,
Bulls are stupid Animals!especially when Im short!
  • #196
  • Feb 17, 2012 9:23am Feb 17, 2012 9:23am
Quoting ptsnu
Amazing job roughtrader, simple as the MA's u use , but looks very effective.
I added the template to the plataform, I was trying to find a way to get S and R signals other than the traditional ways and the beauty here is that it allows you to see not only where they are placed, but the potential strenght of those levels.
Thank you a lot for being kind and sharing it!

Keep it up!
Thanks ptsnu and welcome to the thread
Bulls are stupid Animals!especially when Im short!
  • #197
  • Feb 17, 2012 9:24am Feb 17, 2012 9:24am
Quoting roughtrader
Greetings all! Im finally back in case you missed me,
I haven't been online anything since yesterday
I had some computer problems last night and I didn't knew how to fix it,
so I had to re-install my operationg system,
don't you just hate when that happends,
I've been having a problem with FXCM's Trading Station platform.
Every time I log in, prices flash for a couple of seconds then it freezes.
I have to uninstall the reinstall the platform each time I log in, very annoying!
  • #198
  • Feb 17, 2012 9:37am Feb 17, 2012 9:37am
Quoting fosking
I've been having a problem with FXCM's Trading Station platform.
Every time I log in, prices flash for a couple of seconds then it freezes.
I have to uninstall the reinstall the platform each time I log in, very annoying!
that sound wierd, did you try the web platform?
Bulls are stupid Animals!especially when Im short!
  • #199
  • Feb 17, 2012 9:47am Feb 17, 2012 9:47am
Here is the right ansver for the Quiz


1. The zone is flowing sideways or lightly downwards indicating no direction and light supply at that point, more sellers than buyers.

2. weak brakeout, the candle is too short. indicating not enough momentum.

3. after the brakeout price came back down and it didn't get support on the zone indicating incredible selling pressure.

congratulations IamFX, you are the winner!
Good work!
Bulls are stupid Animals!especially when Im short!
  • #200
  • Feb 17, 2012 10:06am Feb 17, 2012 10:06am
Quoting roughtrader
that sound wierd, did you try the web platform?
Yeah I had to use the web platform this morning.
I don't know if it's due to it trying to load my templates? Anyway I will take them off before I close the platform down and see if it loads properly next week.

Have a nice weekend guys.
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