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Attachments: Simple, proven and profitable S/R system
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Simple, proven and profitable S/R system

Hi all,
One word in terms of placing orders within this system.
It's very often (on low time frames like M5) that price touch a resistance, you set it and gamble on Sell. And that is wrong, because trend is your friend. So often is like price is go higher and higher, and your resistance becomes support.

"Sell trade:
Price reaches the strong resistance (must be tested at least once). At that moment, I am opening the sell trade. I set TP above the nearest support. The SL is the same amount of pips from the entry price as TP - again, I simply use the 1 : 1 RRR ratio."

That is example that the trend is UP and you should not go with short!
Remember - trend is your friend, better see M30, H1 before trade based on M5, use MA33 and MA14 (Moving Average) to confirm the trend.
The same situation is with Buy trade, and its support turn tu resistance.

I'm not saying that trend will not change, but tell me: how often you will shot the spot when it will return?

PS: Please share your experience, if needed you can throw all mud on me.
Cheers
Seb
Hi H.C., looks like a very interesting thread. Thanks for all the good information. Subscribed!!.
Quoting sebizbir
Hi all, One word in terms of placing orders within this system. It's very often (on low time frames like M5) that price touch a resistance, you set it and gamble on Sell. And that is wrong, because trend is your friend. So often is like price is go higher and higher, and your resistance becomes support. "Sell trade: Price reaches the strong resistance (must be tested at least once). At that moment, I am opening the sell trade. I set TP above the nearest support. The SL is the same amount of pips from the entry price as TP - again, I simply use the...
I agree with you. This strategy is for ranging markets. Ranging market is your friend until it ends and start trending. However somebody made a statement that 70-80% of the Forex markets is in range. Anybody has any hard data on M5?
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
This thread is in Recycle Bin.When i saw that message in the chat , I guess this day will come soon.
Why Recycle Bin ?, I don't understand..
No more Fight, the victory has come...
Who can move thread to recycle bin? Mods or author?
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
HCooper is banned from the Forum? why? hmm
Regard Central4
Who can shed light on this banning of the OP?
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
Anyway, quickly save this thread until it will disappear...
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
Why TS is banned?
Does anyone know why this thread got moved to the recycled bin?
Old ways dont open new doors
Quoting TornadoTradr
Does anyone know why this thread got moved to the recycled bin?
Itīs very suspicious,

Also, HCOOPER has been banned....

Very strange...
importando il sistema č buono, stiamo continuando la nostra discussione cerchiamo di non chiaro, andiamo avanti
Quoting fjsmzy
{quote} ok, everyone ,today i post the new version7.4 of SS_SupportResistance indicator, the version allow you setup different time frame and it only warn you when the price touches your setup support or resistance POSSIBLE ,TURNCOAT ,UNTESTED ,VERIFIED , WEAK p/s: I will code an EA follow this indicator to trade on live account and i will share it to everyone, please let me know if anyone has a good idea. {image} {image} {file}
hello, fjsmzy are you planning our expert? I'd try this system with your EA
It looks like HCooper was from that site with this indi and was banned for comercial posting in my opinion
( free indi was just a bait)

Each of us have to be careful!
I'm using Google Translator.
if you search back through the posts you will find the original mq4 that Hcooper posted as an ex4. Free and with no adverts/updates
So many in the Commercial section want to make me rich! :o
USDJPY Sold at 111.751 and the rest is history, wow!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy_28042016.png Size: 56 KB
Quoting sebas1987
{quote} Its very suspicious, Also, HCOOPER has been banned.... Very strange...
I am not sure what actually happened but I think he is banned for starting a thread when still a new member. Not so sure what the rules are but he has to post certain amount of posts and be member for a certain amount of time before he is allowed to start a thread.
We can still contribute and post our trades using this method in here even though HCooper is not with us.
Quoting earlroy63
USDJPY Sold at 111.751 and the rest is history, wow! {image}
Wow, well done earlroy! Did you take the trade from the alert signal? On my chart there was an alert but I was doing something and away from my computer.
Quoting earlroy63
USDJPY Sold at 111.751 and the rest is history, wow! {image}
Nice! I bought and closed just before, and sold after the huge dip
So many in the Commercial section want to make me rich! :o
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