Ok, I'll try my best to explain my understanding of river theory, and how to apply it. Be warned tho, I have absolutely near zero understanding about economics, so what I write here only based on logic and could be a wrong perception of the river ...

River Theory Trades

nice RR on this setup . What do you think lilpip/oztrader?

River Theory Trades

I add to losing position sometime within predefined risk range, but I never enter full risk size on opening position. I guess I'm insane?

Adding to losing positions

And this chart, even if they looked like a perfect bounce on a dream world, its bad in terms of risk/reward, merely around 1:1.

River Theory Trades

Here's a few chart to compare. It clearly shows, no matter what kind of methodology to draw S/R lines, they all can get lucky . Fibs, pivot, murrey math lines, etc. They all have their own edge, if we know how to 'use' them. What left for us, ...

River Theory Trades

I see mountains consolidation. edit: ack, james16 just deleted the picture

james16 Chart Thread

Nice simple method M_MM. I assume its H+L/2 monthly price projection. I use similar method too. If you dont mind, would you tell me what percentile the price hit line 100 within next month price movement, based on your experience?

My Boring Long Term, Live Account Trades

Price development in November levels. Sometimes I got this feeling that someone out there, controlling a certain price level as a floodgate. (plunge protection team maybe?).

River Theory Trades

1. We can use Level 0 as POC, and other +/- levels as deviation probability over certain period. 2. While the River level / PD dynamics level (this two are different in calculation,but serve the same purpose) can be use as a "dynamic POC" to gauge ...

River Theory Trades

November Chart static levels on GBP/USD & GBP/JPY (don't forget, level significance = around that price). Last chart (GBP/USD) is for study purpose only. Black lines from yearly chart, Blue and Red from monthly chart.

River Theory Trades

no, I just found out that I draw differently, and I dont want to ruin this thread with my drawing.

River Theory Trades

You haven't read my PM on how to draw those levels do you?

River Theory Trades

I know your mindset of that short from dynamic price distribution chart, but I only use the dynamics as gauge, for current market sentiment. I only use static level for possible S/R.

River Theory Trades

I dont know, I'm waiting for a retest around 2.0465 or 2.0353 to go long to 2.0600, if no retest then no position for me today.

River Theory Trades

price distribution — for lilpip.

River Theory Trades

Btw here's something interesting on yearly price distribution

River Theory Trades

Oh, I guess it can't be helped because it against ff rules etc. Here's the "crude" monthly levels for a few pairs. Btw I only trade on : 1. the close of candlestick 8:00 & 12:00, 2. if those candlestick formed a bounce or retest on levels (define ...

River Theory Trades

url Hopefully its the right tools for you.

Advanced Stops and Take Profits.

Flash, personally I don't think DRT will share the details on how he set those static level/river level. When he was away around july, I've backtracked and read all his posts in other forums as well, and found out that actually he gave us enough ...

River Theory Trades

Hi Teach! Its good to see you back.

River Theory Trades