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- Fun Trader replied Mar 12, 2007
rsi(14) macd(12,26,9) stock(9,3,3) rsi and macd mostly used to distinguish divergence and avoid risky entries.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
3LB Chart — Method is in two versions: - Continuous - Discontinuous In continuous version, trader should draw 3LB Blocks from a long before.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
No. It's wrong. We have explained the concept of three line break chart in previous posts. No, This is not what method says.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
About pivot lines, you can find them in mataf.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Just color the cells in conformity with blocks. Write the closing price of each block in the end of each block. Refer to previous posts.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
more setup — sma200 sma300 sma800 These moving averages don't play a main role in the method but we use them somehow.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Chart Setup — ema62 ................ Yellow ema30 ................ Blue ema5 ................ Red Pivot lines (and mid pivot for more content traders)
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Time Frame — This methos is applicalbe for all timeframes but m13 is most profitable for intraday traders.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Let's go to method — Ok everybody Thanks for your patience. From now on I'm going to explain method. I hope everybody learned how to properly make a Three Line Break chart cause it's necessary.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
NZDUSD m5 — Next candle closed @ 0.6946 This is a positive block image P.S.: To cunstruct a new block, next candle should be closed above green line or below red line. Green and red lines always contain last three blocks.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Dear Ssotiro thanks for your help but this indicator doesn't work properly. refer here
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzdusd m5 — 09:20 Next candle closed @ 0.6942 This is a positive block image P.S.: To cunstruct a new block, next candle should be closed above green line or below red line. Green and red lines always contain last three blocks.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
NZDUSD m5 — 09:15 CET Next candle closed @ 0.6941 This is a positive block.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzdusd m5 — 09:... Price has not exceeded two mentioned levels so we sit aside. This is one of advantages of TLB method which filters range markets.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Thanks and you are Ok, The small differencies return to different quotes from different brokers.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzdusd M5 — 08:50 CET Next candle closed @ 0.6940 This is neither higher than 0.6940 nor lower than 0.6931 so we draw nothing
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzd m5 — 08:45 CET Next candle closed @ 0.6940 This is a positive TLB block.
Free from Prediction and Forcast Method (3LB)
- Fun Trader replied Mar 12, 2007
Nzdusd m5 — 08:... Price has not exceeded two mentioned levels so we sit aside. This is one of advantages of TLB method which filters range markets.
Free from Prediction and Forcast Method (3LB)