Kreslik.com - traders community since 2006

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How could they support the price during the past 4 months ?

Ye, You're absolutely right. When You're analysing history on one time frame price never stops in the middle of nowhere and reverses. I'm not talking about retraces but turning points. Extremes aren't in random places. So as You said, taking it as a fact it's a good idea to target important zones o...

...if we get a close above the fresh weekly momo I'm not sure what you mean by this, could you explain further? If we close [where], we retrace to [where?] I remember MO saying something like that ... "Price will expand according to the period that your line represent" usually if price bo...

We may see some retracement next week if we get a close above the fresh weekly momo

Nice chart Belkin ! thats what I believe trading is all about ... Momo and S/R I hope we see some more of that either from you or anyone trading Momentum and especially from the man who unveiled it all Mr MO

I see that I hove a lot of work to do in Sept. ;) Candles are ALWAYS grouped in periods of THREE! A box that contains 3 periods has 3 shifts & a box that contains 6 periods has 6 shifts. Once you go beyond 3 shifts you are not gaining any additional information as you get a greater number of co...

MightyOne wrote:Most of the time my trading is just Space & Position like so:

http://tinypic.com/view.php?pic=23lidrm&s=7

I'll answer the other questions later on today.

Could you specify the pair and tf ...so I can better study this case .

I do not trade systems, I rely on my ability to determine what a move means by considering several factors Often people will show me a pattern on a single chart and ask me what it says about the future. A single pattern on a single chart means nothing; it only has meaning in the context of everythi...