Hi esquire, I'm also interested in this. I strongly believe that an S/R is a zone, not a line. Market is moved by people. People just consider 0.997 and 1 are just the same. That's why I'd say that the pitfall you describe may probably be a ...

S/R Area Algoritm

Thanks you for your time and the values. In fact I'm interested in the algorithm which produces them. How do to get +30%, -10%, -15%... That's the interesting point. Much more than the values themselves. At step 1, the +30% are 3 times the $100 ...

The Rockenbach System

Of course the example system I chose is bad (on purpose), yet the mathematical expectancy is positive. 30% success rate with 10:3 R:R leads to E = 0.3 * 3.3333 - 0.7 * 1 = +0.3 (poor but positive) A 60% successful system with 2:1 R:R has an ...

The Rockenbach System

compounding money management — Hi everybody! Frv can you please better explain your compounding money management ? From what I understand, you risk 30 pips to get 100 pips. You size the lot so that 100 pips is your target amount. Each time you ...

The Rockenbach System

Can this high be a X point? — Hi! May someone please explain me how the points, especially the X and A, are selected in order to form the patterns? I've read the three books by Carney but still can't figure out whether the high circled in this ...

Harmonic Trading