What i am testing right now. I enter trade at the first touch of the S/R level and i am watching how the strength of the pair behaves on this meter: image It's from a commercial site but you can download it for free: url

Interesting S/R levels

Axiom: horizontal lines through the previous highs and lows on higher time frames provide S/R on future lower time frames: image

Trading theories

Thanks Rastaman, I will try this also.

Interesting S/R levels

Hello and thanks Kyle, If you test something similar please post some charts with your findings and I will do so also.

Interesting S/R levels

Let's take it this way: If you have the choice between to have a million dollars or to have the knowledge to make a million dollars at any time in the present or future. what would you choose? I would choose the knowledge. Is that help?

Trading theories

Axiom: A confluence is an area where 2 S/R lines overlap or very closely overlap.

Trading theories

Because with a 99 winning system one can make money any time. The point here is to focus on creating a winning strategy rather than to focus on making money.

Trading theories

That's right those fibs and RN confluences are just great for extra confirmation. One thing i try to figure out is the time action. Like for example: i enter a trade at a strong S/R and the second thing is when to exit it. The Ideal scene is the ...

Interesting S/R levels

I go to 5 min time frame and it look like this: image

Interesting S/R levels

Axiom: The time of the day is a good indicator.

Trading theories

Fact: Having a trading strategy that is a 99 percent winner in the present and relative future is more important then making money with it.

Trading theories

Axiom: Technical analysis will work better for scalping.

Trading theories

"What will happen if my account has $ 1M?" You are going to be a relatively rich person. The most important thing is that Knowledge matters more than money. If you have the knowledge to turn an account into a million and that will work at any time ...

what will happen if my account has $1M?

Gbp — Cadbury and Kraft turn sweet on deal url

constin's journal : News and Fundamentals

Gbpchf daily trendline plus double top — image

No Brainer Trades

Looks like Neers is got only 2 posts and 2 threads since he is member from 2004. And also he's got 8+V. Weird! Maybe he is an angel that came down to Earth to tell us how to succeed in forex.

Find yourself in Forex

USDCAD — Natural Gas Storage is at it's lowest image

constin's journal : News and Fundamentals

AUD — Employment Change p 31.4 f10.2 a 35.2 better than expected Unemployment rate also better than expected

constin's journal : News and Fundamentals