Thread: Support and Resistance Trading Simplified

90023

Originally Posted by ;

Hello Domino and ribbon fellows!

I have prepared a chart à la BabeFX. What do you think about it? Can they make sense and am I overlooking something?
There's some text from the charts, perhaps you (all) can comment them!

Thanks a lot

Flo

On the next chart I would say the place to exit was definitely about the rest of this last higher low before the fall.

On Your first chart you state ultimately stops are triggered.

This begs the question: is the energy of this very long breakout (surge) dependent on the number of swing points (order clusters) placed in on the way down? I.e. following a lengthy fall with loads of retracements, the buy orders that sit on the last lower high (due to stops being gathered and moved as new reduced highs are placed in) should in theory be much greater than if the fall is little or when the fall is large but very rapid with couple of pull backs.

Thank you for your reply Sutts.

Originally Posted by ;

This begs the question: is the power of this very long breakout (surge) dependent on the amount of swing points (order clusters) put in on down the road? I.e. after a lengthy fall with plenty of retracements, the buy orders that sit on the past lower high (because of stops being gathered and moved as new lower highs are put in) should in theory be substantially greater than if the collapse is small or when the fall is large but very rapid with couple of pull backs.

That's the question to ask. In my case the down-move was fine and clear before price hurried up.

what exactly do we think?
RZ6E flipped to resistance in sellsided orderflow

Originally Posted by ;

Thank you for your answer Sutts.



That is the the question to ask. In my example the down-move was fine and clear ahead of price hurried up.

Price will rush in areas of clustering and remainder in areas where clusters aren't they will construct the price action ness to climb to the orders above. . Since the orders are liquidated from that down moves the top orders become greater. . Price discovery and order clusting rush this up

Originally Posted by ;

Thank You for Verifying Domino. I think that answers two of my questions.

1. Single fractals are sufficient as break points (1 higher low on every side of the low point rather than 2 higher lows on each side).

yes

Originally Posted by ;

2. A brief entry could be made as soon as the prior long fashion fails (by the final higher low being removed ) provided the failed lesser high is put in place .

From a support or resistance area that I take the first break.

Originally Posted by ;

Please correct me if I've read this wrong.

Really love your help.

Originally Posted by ;

Hello Domino and ribbon fellows!

I have prepared a chart à la BabeFX. What do you think about it? Can they make sense and am I missing something?
There's some text from the charts, perhaps you (all) could remark!

Thanks a lot

Flo

the very first place stops hit at which the largest chunks of clusters. . They had enough power to change the orderflow after eating the clusters price wont have orders above to keep to power the move and so it congested and built more buyside order flows. . You should have been stopped outside in congestion and waited for price to break again. . The new clusters powered price into the levels and with all the momentum intact had enough juice to take out the high.

what do we think
RZ11F-swapped eurry/aud
backed up with news

hi domino, would these be right entries?

thanks

Originally Posted by ;

hi, would those be correct entries?

Thanks

cant really see alot there and don't have any idea what pair it is to monitor it but for the time period thats up only the 2nd trade u made could have been taken by me... judging from what I can see. Failed High followed by a low break is money throw in some resistance at least a RZ4H -swapped and that trade has been golden

heres the way that eur/aud scalp worked out. .

That puts us for 5 right
I dont believe this is over but at 1:4 and computer is becoming laggy me or the platform I cant tell I said screw it and closed.

Edit: figured it out man I hate windows it was damned autoupdate at 3 in the afternoon. . Grr
yeah still moving damn un microsoft one day microsoft one day...