The ideas that I trade by:

[prochargedmopar]

Ive been around this site for a while and one of the best things is that ive never heard of anyone being banned.

Sent to their room for a while, YES. LOL

Expressing our feelings and trading Ideas on kreslik is ok for all whether we agree or disagree.

This thread is my mini bible:
Not all are religious......some are backslidden.
Some just do not believe.

Belief is filled with weakness.
Faith is filled with doubt.
Knowing is Truth.

Can I pick up this cup?
Yes. I KNOW I can.
Drank a few pinacoladas last night.

Can I put 250# over my head?
Yes. I KNOW I can.
Did it last week.

Can I do 400 walking lunge steps without stopping?
Yes I KNOW I can. Did it last weekend.


Can I use the duck game to accumulate piles of $$?
Yes I KNOW I can. Up 1 duck already.

[prochargedmopar]

My only entry/'position' ---> IS <--- my stop loss.

The distance between my fill price and my stop says something about the period that I am trading & little else; your fill price sets a box size that is used for the R/R ratio (although you can reduce the box size and thus increase the ratio by increasing your position size)..

Yeah. He's a badass

[jrtrading]

MO,

Thanks for all your help thus far. If you have time to spare, time being the most valueable asset after all, I would like to ask about a quote I do not understand properly:

"Some people draw lines of resistance in front of their position and imagine an obstacle that is in there way; not knowing that resistance is something that was overcome, not something that blocks the way." -MO

I have attached three charts to illustrate my question, from GBPNZD, the circle is the area of interest.
My take: Although we can look to the past for possible areas of resistance, price must show at this moment that resistance is there because recent action is much more important than that of months ago.

gbpnzd1.png

gbpnzd2.png

gbpnzd3.png

The three charts above showed a situation from earlier in May. The chart below shows the current situation which may be similar.

gbpnzd4.png

Edit: Wanted to say that I have been thinking of this quote for some time without fully comprehending it, to show that I respect your time.

Regards,
JR

[Goonslinger]

Don't your illustrations show the quote to be true?

[jrtrading]

I am not sure that was why I asked.

[TheRumpledOne]

Resistance - that's a concept.

When price crossed that HORIZONTAL LINE - that's a reality.

[prochargedmopar]

Resistance - that's a concept.

When price crossed that HORIZONTAL LINE - that's a reality.

Oh crap!

Cold Hard Facts.

[jrtrading]

Thanks TRO.

[MightyOne]

Some people draw lines of resistance in front of [the direction of profit] and imagine an obstacle that [stands] in their way; not knowing that resistance is something that was overcome, not something that blocks the way. -MO

CADJPYDaily.png (20.64 KiB) Viewed 3445 times

[MightyOne]

CADJPYDaily.png (24.22 KiB) Viewed 3437 times