Dove, thank you for that post. Would you be able to kindly explain at which one of those resistance levels on the 1H we should expect it to rebound from and why? Should we also wait for the 2H to hit purple?
There are some of you flip-flopping between support and resistance and not paying attention at all. Basic rules: a: Do not trade against the trend. b: Trade objectively and not subjectively using support and resistance. c: Do not chase the market but let the market come to you. d: The 2 hour chart is your trend chart for the system. e: The Daily is your reference for the Daily trend, support, and resistance. What does rule e: say? And what does this Daily screen-shot below say? {image} It says Purple,White, and Smooth is RESISTANCE. That it is what...
D1
In Here romar was too Resistance right? So we can take the short in those resistance. ASAP that we see that the price touch Resistance/Support (In this case Resistance) we take the order in there right? without waiting for h2 candle close. Thank you.
- #1,764
- Feb 8, 2016 12:14pm Feb 8, 2016 12:14pm
- Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
{quote} Thank you Jason as that did the trick! My 2H is correct now. I'm using FXCM-USDDemo02 Server.
I'm glad that solution worked for you.
Hey all! I've not posted here yet...this is my first! I've been trading for a few months with a group who uses a "system"...with very poor results. People were depending on the group consensus...self included. After getting close to blowing up my account I found this thread. I printed much of it, have been studying like my financial future depends on it, which it doesn't. After MUCH reading and studying, backtesting etc, I decided to try to trade this on a demo account because I don't want to lose any more money! Discipline in following EVERYTHING Dana has posted has made my first day of demo trading better than ANY day I've ever had trading except the occasional lucky trade or two. (2) 40 PIP trades before I had to leave for work! I would have let them ride normally but I'm following this...except for the fact that I was supposed to walk away after (1) 40 PIP trade 
Just had to test another one I saw setting up. I greatly appreciate what was taught here and I'm sorry I got in a little late after the training period was over, but that's okay since it's all here to study. Let's keep this going in a professional way and not let this thread get messed up like SO many do.
God bless you all and I'm looking forward to sharing insights with you all!
Just had to test another one I saw setting up. I greatly appreciate what was taught here and I'm sorry I got in a little late after the training period was over, but that's okay since it's all here to study. Let's keep this going in a professional way and not let this thread get messed up like SO many do. God bless you all and I'm looking forward to sharing insights with you all!
~ Tim
Welcome Repoman, Hi everybody
Happy you gain confidence so quick...For my part l am struggling since the beginning...Have quite often the right side of the MAIN trend but l get caught by retracement swings that blew up my SL...almost each time on the wrong side...
S-R are my weak point despite Mr Dove explanations...don't get it yet...
Is someone can tell me who saw that coming...and based on what?
Thanks for your help
Happy you gain confidence so quick...For my part l am struggling since the beginning...Have quite often the right side of the MAIN trend but l get caught by retracement swings that blew up my SL...almost each time on the wrong side...
S-R are my weak point despite Mr Dove explanations...don't get it yet...
Is someone can tell me who saw that coming...and based on what?
Thanks for your help
{quote} You can use winebottler or a virtual machine like vmware or install windows natively on your mac as second os with bootcamp. All 3 variants work fine, no need to buy a new computer