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View Poll Results: Which Section?
I draw my SR levels by hand 26 63.41%
My SR levels are draw by some indicator 14 34.15%
Other. My answer is not listed above. 1 2.44%
Voters: 41. You may not vote on this poll

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  #61 (permalink)  
Old 06-08-2007, 09:11 PM
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Quote:
Originally Posted by bubble
How to use support and resistance effectively and take your trading to a new level.


I have been a member of this forum since the very early days and an active trader for some years now.

Amongst others things being a member of this forum has helped pass the time whilst monitoring any active trades and waiting for trading opportunities to arise.

During my time as a member of this forum i have on occassions participated in some threads but have preffered to take a more stand off approach ,the reason for this being that i try not to let any outside influences detract from my real job of trading.

I decided to start this thread to show you all an approach that most are lacking in knowldege the main reason being that there is not enough information available on the internet or even in books.

I think a lot of members on this forum are constantly searching for the next great system, indicator ,etc, if thats what your looking for then this thread wont be for you .

Well start with the basics move on to chart examples and then go on to some more advanced techniques that are not available any where else.
I will show you how with the techniques that i have developed you would of been able take all of the recent short move in the GBPUSD and EURUSD.
Infact im suprised that all the great signal sellers on this forum did not spot this opportunity.

The first thing i would ask you to do if you wish to participate in this thread is to do a google search on s/r to get a feel for the basics ,sites such as investopia will give you enough info to be able to participate, all of the trades will be taken from the hourly chart using the higher timeframes for confirmation techniques and the lower charsts for entry techniques,take some time over the weekend and start with the hourly charts mark some peaks and troughs and see how they interact with the higher charts, dont use any indicators.

bubble
bubble,

Very interesting co-incidence, I was just discussing earlier with another trader/friend of mine the importance of time period based highs and lows, how it can help in detecting potential turning point in a given trend for a particular pair. These co-incidentally again form the peaks and the troughs. Anyhow, you are the expert in this area and I will be anxiously following your thread here.

I appreciate all your contributions in the forum.

ENJOY!

fxcruiser
Last edited by newdigital; 08-16-2007 at 12:17 PM.
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  #62 (permalink)  
Old 06-08-2007, 11:38 PM
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Hi bubble! (I like your username )

Thanks for being so generous and posting some of your trading secrets. I'm looking forward to whatever else you want to dish out.
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  #63 (permalink)  
Old 06-09-2007, 06:12 PM
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Hi Bubble,

Thank you for the lessons, they are written well. I am curious why it is you narrow the time chart up? Does this make the trend easier to spot? Looking forward to your next installment.
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  #64 (permalink)  
Old 06-09-2007, 08:30 PM
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Thank you!
I just want to thank you for covering what I believe to be the most important aspect of a successful trading plan/strategy...I look forward to future lessons.

I will hold posts/questions until more of this subject matter is uncovered...I just wanted you to know that if there is a lack of posts it is not due to lack of interest.
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  #65 (permalink)  
Old 06-09-2007, 11:38 PM
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Every day I look at chart but I never notice there are different type of trend. It's eye opening.

Thank-you very much. Hope to see more soon.

jackt
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  #66 (permalink)  
Old 06-10-2007, 11:02 AM
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Bubble,

Thank you for sharing your knowledge with us! The start is quite impressive, I follow this thread with great interest.

Regards,

Chrisstoff
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  #67 (permalink)  
Old 06-11-2007, 11:52 AM
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Good job bubble.

A good approach to SR is the first thing a person who wants to be trader needs to learn.

Off course, without this knowledge a "blame the indicator" action is taken when the indicator turns but price didn´t, or after a rebound.

It would be good to demonstrate the power of the correct knowledge in how to use SR by posting real examples of what is possible to happens.

I hope you don´t mind my post about my expectations for GBP today and tomorrow, and maybe all week.

Current price 9761, touch to 9715 then fall to 9589/9553. 9510/9490 is a congestion area, a sell of at this levels could take the pair to 9200.

gbp.gif
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Last edited by Linuxser; 06-11-2007 at 11:54 AM.
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  #68 (permalink)  
Old 06-11-2007, 04:58 PM
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Quote:
Originally Posted by bubble
Hi Linuxer,

I would be more than happy for you to post your forecasts here just for the week but without the use of fibonacci retracements , extensions ,pivots etc, they would have to be based on pure price action.

By the way how did you get the picture to show in the thread ?

Bubble
It was just an idea, no more pictures.
I was thinking, if you shows screens of h1 or h4 you´re forecasting in some way, because unless a SR in broken you have a rangebound between levels.

I´m not seeing any fibonacci or pivot in my picture. Do you?

"Save as picture" from File menu.
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  #69 (permalink)  
Old 06-11-2007, 05:58 PM
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How do you gauge the strength of you S&R ? I notice small crosses on your charts are these fractals?

I use a multi fractal indicator which allows me to see multi time frame S&R which gives me a better idea of there strength

Gordon
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  #70 (permalink)  
Old 06-11-2007, 10:43 PM
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here is how a pro trades support and resistance

7 entries on cable with stop loss of 20 and total profit of over 100 pips in 1 day
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