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Attachments: Frog's method
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Frog's method

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  • First Post: Edited 6:40pm Apr 30, 2013 6:09pm | Edited 6:40pm
Ceci est une méthode bilingue qui n'est animé que par un seul indicateur : le bon sens. Que voyez vous sur ce graphique EUR/JPY ?

This is a 2 languages method which is alive because of only one indicator : the common sense. What can you see on this chart EUR/jpy ?
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Certes, le mouvement est haussier, mais se dirige-t-il directement vers le haut ?

Certainly, the trend is up, but does it go straight on up ?
Bien sur que non. Nous allons voir comme il est intéressant de dessiner des lignes de support et de résistance en journalier.

Of course no. We will see how it is interresting to draw support and resistance lines.
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Nous avons fait le plus difficile, nous verrons demain comme les cours aiment aiment à se promener d'un support à une résistance.

We did the hardest work. We will see tomorow how the price likes to go from supports to resistances.
Quoting zebulon
Nous avons fait le plus difficile, nous verrons demain comme les cours aiment aiment à se promener d'un support à une résistance. We did the hardest work. We will see tomorow how the price likes to go from supports to resistances.
oh my word ! zebulon, are you still around after all these years ?

what happened to all your other methods, do they no longer work for you ? after all these years if you now decided to study simple support and resistance , then that is very worrying !
Quoting whatfx
{quote} oh my word ! zebulon, are you still around after all these years ? what happened to all your other methods, do they no longer work for you ? after all these years if you now decided to study simple support and resistance , then that is very worrying !
Yes, i'm still here !! I have never stop thinking about forex systems and i'm learning every day. After all these years finding different and original systems, i come back now to the basics. You will see that is not worrying. Simple is beautiful and efficient for me.
Zoomons avec un graphique 4H.
Let's zoom with a 4H chart
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zoomons encore avec un graphique 1H. Les grenouilles bondissent de ligne en ligne.

Let's zoom again with a 1H chart. Frogs are jumping from a line to another.
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regardez les prix osciller autour des 129.26, puis bondir sur les 128 et ensuite 127.25

Look at the price oscillating around 129.26, and bounce to 128 and 127.25
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Alors que va t-il arriver maintenant ? Le prix va monter, descendre ? Je n'en sais rien.

So what will hapen now ? The price will go up or down ? i don't know.
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Mais je suis sûr que le prix atteindra bientôt le niveau de 129.26 ou de 127.25.
Et je souhaite attraper une partie de ce mouvement avec une forte probabilité de succès.

But i'm sure the price will reach soon 129.26 or 127.25.
And i want to catch a part of this move with a high probability of succes.
Please tell me how you draw the line. Do you draw it on the body of the candle or just watch by your eyes and your feeling.
How you determine the support and resistance levels ?

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simple system
Quoting zebulon
{quote} Yes, i'm still here !! I have never stop thinking about forex systems and i'm learning every day. After all these years finding different and original systems, i come back now to the basics. You will see that is not worrying. Simple is beautiful and efficient for me.
Hi Zebulon,

I can see that you are from France , so I could have talked to you in french ) , I agree with with you that simple methods are more efficient and you come back as many traders to the Price Action, Resistance and Support .. By the way I am following Dadas forum Price Action in day Trading where it is forbidden to use any indicator but the Resistance support lines... He works on what he calls the PCTEZ (Price consolidation zone), it joins a little what you are doing ... Go and have a look.

Good luck )
To draw the lines, i use first daily Time frame. And i draw on the body of the candles. These lines can be adjusted or confirmed on 4H time frame.
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Like the simplicity of the chart! Let's see how that works in practice.
Stay on the PIPest side of life!
Laissons le prix nous indiquer la direction qu'il va prendre.
Let's the price tell us where he will go.
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Pour atteindre les 129.26, le prix doit d'abord atteindre ce niveau de 128.84. C'est ce niveau qui se situe aux 2/3 du chemin entre la ligne de support et de résistance qui constitue mon niveau d'achat.

To go to 129.26, the price must first reach this level of 128.84. That level which is 2/3 of the way from support to resistance is my entry level.
Je considère qu'après avoir parcouru les 2/3 du chemin, il y a une très forte probabilité que le prix continue le dernier tiers.

I consider when the price have done 2/3 of the way, there is a very high probability he will do the last 1/3.
Mon niveau d'achat vient d'être atteint. En route vers les 129.26

My Buy level has just been reached. So let's go to 129.26
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