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tmanbone
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Postby tmanbone » Mon Apr 05, 2010 10:08 pm

noone22 wrote:
tmanbone wrote:Example of how I find S/R
Image


And how actually you're founding S/R?
And which line (from the bunch) is actual S or R?
(Only don't tell me, that they're all S or R).


I start with the monthly, looking for changes in direction, marking only lines within a certain amount of pips from current price.


Image

Then drill down to the weekly and do the same, maybe fine tune some lines.

Image

Then drill down futher to the daily and do the same again.

Image
Last edited by tmanbone on Wed Apr 07, 2010 1:59 pm, edited 2 times in total.
"The simplicity of the markets is it's greatest disguise"

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tmanbone
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Postby tmanbone » Mon Apr 05, 2010 10:25 pm

MightyOne wrote:
noone22 wrote:
tmanbone wrote:Example of how I find S/R
Image


And how actually you're founding S/R?
And which line (from the bunch) is actual S or R?
(Only don't tell me, that they're all S or R).


That is exactly how I feel about Fibs noone22 :lol:


MO, thanks for explaining your avatar, I admire your love for Christ. I'll be studying the Apostle Paul a bit more in depth, on the particular passage. I would really like your opinon on my line of thinking. Thanks,
Last edited by tmanbone on Tue Apr 06, 2010 10:12 am, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Mon Apr 05, 2010 10:28 pm

newschool wrote:just a quick opinion here :

I dont enter on trendlines,

I only add.


Please post some charts of how you are trading.
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Wed Apr 07, 2010 3:15 am

Image

Traded low of bar that broke trend line, but after further review I shoulda, coulda traded retest.

Lesson: patience
Homework: study charts to see how this has worked in the past.
Study incorporating zline/mighty zones into my entry criteria; particularly on momo candle entries.
"The simplicity of the markets is it's greatest disguise"



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MightyOne
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Postby MightyOne » Wed Apr 07, 2010 12:07 pm

tmanbone wrote:
MightyOne wrote:
noone22 wrote:
tmanbone wrote:Example of how I find S/R
Image


And how actually you're founding S/R?
And which line (from the bunch) is actual S or R?
(Only don't tell me, that they're all S or R).


That is exactly how I feel about Fibs noone22 :lol:


MO, thanks for explaining your avatar, I admire your love for Christ. I'll be studying the Apostle Paul a bit more in depth, on the particular passage. I would really like your opinion on my line of thinking. Thanks,


Analysis is a reflection of ones self and how one interprets price over time; if this is you then how is it wrong?

Personally, I choose one level S&R per time frame because I want to know when I am wrong.

I also believe that it is best to use horizontal lines over diagonal (w/ the exception of finding equilibrium) to trade with.

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Postby tmanbone » Fri Apr 09, 2010 3:40 pm

Image

Out. Setting up for next trade.
edited chart to Fri. close

- @ 1.3476
+@ 1.3382
+ 94 out of 309 pip move
work on fine tuning.

Experiment with targets verses trailing stops.
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Mon Apr 12, 2010 1:15 am

Image

- @ 1.3636 stop @ 1.3677
target gap fill @ 1.35

Image

4/12/2010 stopped out
-41

Mistakes: stop to tight
Last edited by tmanbone on Mon Apr 12, 2010 10:49 pm, edited 3 times in total.
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Mon Apr 12, 2010 1:20 am

Image

- @ 1.6279 stop @ 1.6513
target @ 1.585

Mistake: pending order before Sun night opening.

Image

4/13/10 @ 1700
out @ 1.6214
+65
Last edited by tmanbone on Tue Apr 13, 2010 11:06 pm, edited 3 times in total.
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Mon Apr 12, 2010 1:26 am

Taking time to study; not getting in a hurry; all sorts of ideas going through my head; looking to develop some structure; getting pulled in so many directions; it's a job within itself to sort though what is worthwhile to study and what is not. To be continued ...........? Cheers all,
"The simplicity of the markets is it's greatest disguise"



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Postby tmanbone » Sat May 15, 2010 2:53 am

Since studying MO's Cash Zone combined with MZ's, I believe this combo to be lethal. I don't see anyway trading between cash zone extremes in confluence with MZ's, then again with longer term trend off of S/R, with targets dependent on momo/non momo PA, can be beat, for my style of trading 1 to 2 longer term trades per week. This is where I've been concentrating my efforts for the past while, and my like is growing the more I study it. I've learned a lot from you all in my short career in FX. Thanks and cheers,


Image
"The simplicity of the markets is it's greatest disguise"



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