Great,
Appears it is now coming from beta to gold Variant:-)
These areas meant when combined with VAP or even VbP on inventory charts consistently show volume.
Anyone into the challenge to set up an example with Foreign Exchange?
[quote=wmd;4297425]Practically every trading system/method/approach I have seen, read or heard about relies on finding a reason behind Entry.
Its a trend line or s/r degree, its a moving average or a momentum indior, its a harmonic step or a fibo or a fibo confluence, its own germ crossing venus, its even an airplane in the night sky like a shooting star (save your wishes for later).
I have an awkward habit of over compliing the elementary, thus by way of illustration consider the following:
If you knew the euro would attain 1.60, instead it has to reach 1.60, you'd buy and wait patiently. You wouldn't panic if the position was against you for a while (time aside), because the price must visit 1.60. You wouldn't panic if the position was against you several hundred pips (leverage aside) because the price must visit 1.60.
Wow!!!
[quote=xman;4341554]And price was 1.29 when he stated it!!!!
come on Will. spill the beans
I spend a lot of time studying these price levels and noting them on one of my chart sets. I notice all that I can id and look at time frames. My expertise is basically that the market will return to these levels. It is merely a matter of time. I break them down into short term to long term levels, but I exchange each day the short term levels (unless there's a break to one of their longer term levels).
There appears to be a lot of interst from the split out egy explained previously, but this concept could be broadly defined to contain more that just this split out strategy. If you are interesting in a different study, think about taking any time period, look at every candle, and find out where every candle price is revisisted, or at least .618 of this candle is revisisted. I've studied this for quite a while and your views of entry and exit could change.