sorry my picture somwhere disappear

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Hi Bubble,

I think I finally caught a good S&R set up. We have lower highs and lower lows. There is a retest of the range @ 238.94 as SBR. Price action turned down and I entered @ 238.65. My entry may have been a little late but I wanted to confirm the down move before entering. Profit target was 239.10. Plus +55 pips. How was that trade set up?

Dave

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hey dave, i think the entry wasn't to late at all. This was the only valid second retest. Regarding money management i would say that you should take only have your profits off and let the other part run (maybe with a trailing stop) or by measuring the previous downleg.
Greets

Hi Gang,

the end of another exciting week, the start of another weekend studying old charts and reading as much as I can find about trading using S / R and tech anaysis.

Thanks again for the assistance Bubble and to everyone else who contributes to this thread.

Enjoy your weekend folks, the Sun is shining here in the UK, so I will.

Hi Bubble,

I'd appreciate it if you would have a look at these charts when you get time.

They are the four hour and one hour versions of the same currency pair. Inexperienced as I am, I can see two entirely different interpretations, both of which seem supported by S/R analysis and both of which seem to be supported by htf...

It's entirely possible I'm off base in some fashion so I thought I'd seek your opinion.

It's probably obvious, but the green horizontal line on the 4 hr chart is the same green line on the 1 hr chart. I've drawn it for easy reference to the second scenario (the one I see on the 1 hr chart).


Thanks for any input.

Cheers

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Hi bubble,

I am trying to learn trading for past 18 months with no luck. I win some trade and lose some. I have spent thousands of dollars on quiet few courses including my last one which is about Support and Resistance but with some indicators. After all these months I come to this conclusion the only one way to learn treading (for long term) is with Support and Resistance and price action. This method needs a lot of practice but you will be rewarded at the end. I hope am right this final time.


I came cross your thread about month ago. I have been reading it since then. This tread is light at the end of tunnel. I fail to understand why you are doing this hard work especially when you are so busy. The only explanation I came up with is that you are a good man from your hart and you fell good helping people. May God reward you for that.



Just two question for now.

I went over the whole thread 4 times and I have great difficulty to finding turning point and whole concept of turning point. Please if you can answer following.


1. How do we find the turning point?
2. When we do find a turning point is this point is our new S/R or we use historical s/r close to turning point for entry.

Again thanks for all this good work.

Took me 2 days to read the entire thread and it was certainly time well spent!

I wasted countless manhours studying indicators and, as it turns out, S&R is not only the answer but the simplest answer of all. Not saying it will be the easiest to master but simple from the standpoint I don't have charts cluttered with a dozen indicators.

Now time to read the Pring document and start practicing this method on a demo account.

Thanks Bubble. This may be a turning point in my trading career.

__________________
"Time is a great teacher, unfortunately it kills all of its students"

..

Please, do use for confirmation this indicators?

__________________
RUN With The BULLS And HUNT With The BEARS - Nothing By Chance

i was reading this thread since yesterday, and today belong all morning and afternoon. But i had time only to see 1 time each post, so i was/am totally confused.

could anyone who had learned the method try to summarize it in steps?

the mostly difficult for me is what exactly to look in HTF.

is this (for long)

1 look for a breakout in trade time frame (for example 60)
2 look for a second test of the support
3 look for a bar up after the first test of support in HTF?

oh, a very very confused

very sad it occurs now that i have started.

Hi kuky,

What's the rule apply to draw little circle on your chart ? do u have that indicator?

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