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    • 666Doom replied Nov 19, 2010

      Charts are self explanatory. S/R or PPZ or Pivots intro. image Entry basis and confluence: image Drawing Fib confluences ie Fibonacci Clusters: Step 1: image Step 2: image Support Resistance illustrations: image Regards Taz

      The Touch Trader Method
    • 666Doom replied Nov 18, 2010

      Hello Brother, It is very nice of you to say the truth. Now let me explain in detail. If a weekly High/Low (Which are used in construction of Weekly S/R),is completely aligned with a Fibonacci retracement and also we can have several other fibs or ...

      The Touch Trader Method
    • 666Doom replied Nov 18, 2010

      Let me tell you tritom,PA will only happen where there is zonal confluence. And when there is layered confluence within 2 pips price is gonna bounce within a dime,ie no recoil. I don't like to finnesse my trade ie watch over them so BE thing i only ...

      The Touch Trader Method
    • 666Doom replied Nov 18, 2010

      Hello guys, Sorry for posting this late,i took this trade on Euro/Usd ,one of my layered confluence type trades. Won 45.60 $ on this one account equity now standing on 370 $ Growth of 50 % in 2 days. Yes the day is not over yet. The Confluence i did ...

      The Touch Trader Method
    • 666Doom replied Nov 18, 2010

      Yes Money Walks. In fact it flies. I blew an account, afterwards finally realizing,i could even use MA's to be profitable i just need MM and Psychology. Biggest Loss: 200 $ Biggest Gain 274 $ yeah i'm new to forex may be i will hit home run soon. ...

      Money Walks
    • 666Doom replied Nov 18, 2010

      The gains are not insane. They are completely possible. I only risk 2 % of my account under normal circumstances. But at multilayer confluence,ie multiple places of order coupling together i can place my stop loss as tight as 20 pips. Reason being: ...

      The Touch Trader Method
    • 666Doom replied Nov 18, 2010

      Layered Confluence: Before we understand what is layered confluence we must understand the word Confluence properly. In case of rivers confluence is a place where two tributries meet. In case of Price confluence is multiple S/R and Fibs and TLs and ...

      The Touch Trader Method
    • 666Doom replied Nov 17, 2010

      Next trade i'm taking. I will place a pending sell limit order at the top. I missed the long entry at 38 and PPZ confluence. PPZ= Price Pivot zones,term coined my James 16 another word for S/R. Regards Taz Chart: image

      The Touch Trader Method