arkan1976 wrote:this is what I do not understand,
number 1 cross above 50% level, 2 cross below and 3 above.
Wich is the correct direction ...?
You may have to take another approach. Start asking yourself what you want to achieve. It appears you are looking at price to see if there is something to trade. Instead, consider this:
post112932#p112932There is no such thing as a "correct direction" since that implies there is an incorrect one, both leading to an outcome which you couldawouldashoulda have known. Instead, there are simply two options for price to go (long or short) and you as a trader can chose to participate or not. You need to think in terms of scenarios and what you would like to see happen for each scenario so that you can make decisions. We don't know what happens next, there may only be suggestions as to which scenario is the more likely one.
In terms of looking for an understanding of things, you first have to know what you are exactly looking for in scenarios and what it is you'd like to understand. I think it isn't that difficult to understand that a horizontal line is merely a price at a certain point that you can use as a reference to base decisions upon. I think it is a misunderstanding that one line is more important than another; what matters is that other people may think it is and therefore some prophecies may become self fulfilling. But I wouldn't start to believe that myself so as to differentiate yourself mentally from the crowd. You need to start watching the crowd and not becoming one of them.
So, your question: "number 1 cross above 50% level, 2 cross below and 3 above." That is true.
"Which is the correct direction ? " I can't answer. What is it you want to achieve ? From entry where to exit where ? What do you not want to see happening on the way to the exit and what are you going to do if that happens ?
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