Why do indicators not work/work? Why is Forex not truly random? 129 replies
Free on-line courses on how Financial Markets work 2 replies
Strategies/Methods that work in lower volume, less trending markets 6 replies
Disliked{quote} Still S&R are the most important and popular and the easiest chart drawing. Don't have an idea what for that derivative stuff of fibs, bands, waves is used... for fun maybe...Ignored
Disliked{quote} Yeah , Sup./Res. are pretty much important in order to know where ones at , OTOH if one doesent has an understanding of either , he pretty much is screwed ie. dont know what to do with does drawings... so how or why does a level of support or resistance develope ? well , here is how Put simply, support is the price at which those who have enough money to make a difference are willing to show their support by retarding, halting, and reversing the decline by buying. Resistance is the price at which those who have enough money to make a difference...Ignored
Disliked{quote} Doesn't MA display the same outcome as average S&R taken from different timeframes? OR MA doesn't account for human analysis for example identifying working S&R from useless one?? Sorry if I expressed my mind too confusing..Ignored
Dislikedhow about a lil story time ?? AJ Where we are at (daily) {image} Price action thus far... (h1) {image} We are trading at a potential resistance level , price made some higher lows towards this level .. then , as price trys to breaks this highs we have no follow thru.. ie no one was willing to follow price any higher (rejection), as price begins its decline it takes out all higher lows and the momentum is high during that selloff as you might allready know several SL probably got hit during that selling aswell as some shorts where triggered.. but...Ignored
Dislikedthe change of supply and demand now shifts in favour of demand , which most likely will end up with a tetst of the actual highs , and if that highs get taken outand the remaing supply in form of sellers/ limit orders gest absorbed at this level we.. will breakout to the upside.. with some momentum behind it for sure...Ignored