resistance/support strategy question. - page 5
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I will show you an example of a Trade on a chart.
Looks colorful, but that is pure Price Action.
SL 18 Pips - about 3 Pips below H4 Lowest Close, TP 30 Pips and taken.
Reasons for Entry:
Bounce off H4 Low at H4 Support Level.
Last hour of H4 Candle - Candle Wick formation.
You tell me how to code this thinking process considerring all the elements on the chart.
You tell me how to code this thinking process considerring all the elements on the chart.
The elements on the chart don't explain the reasoning behind how they got to where they are. To code something it is not enough to know the destination, the route needs to be known also.
That is correct. I know that because I see that.
I have defined a certain Range and I look for the Range Candles in history which are relevant to the Price Levels
for the Tf I am Trading. But, I look for them starting from MN down to H4, usually.
Then, I Trade within contexts.
Thus, M1 within H1 or M30 Candles inside the H4 Candle context.
I make Entry decision upon Price Action, best on H4 swings, S/Rs.
Now, that requires either Quantitative Mathematics or the human brain!
Though, I think the human brain is better.
The human brain processes 400 billion bits of information per second.
All I have to do is train my brain to do the work.
I just press the buttons.
That is correct. I know that because I see that.
I have defined a certain Range and I look for the Range Candles in history which are relevant to the Price Levels
for the Tf I am Trading. But, I look for them starting from MN down to H4, usually.
Then, I Trade within contexts.
Thus, M1 within H1 or M30 Candles inside the H4 Candle context.
I make Entry decision upon Price Action, best on H4 swings, S/Rs.
Now, that requires either Quantitative Mathematics or the human brain!
Though, I think the human brain is better.
The human brain processes 400 billion bits of information per second.
All I have to do is train my brain to do the work.
I just press the buttons.
It seeems you have already convinced yourself you can't code it without really understanding what it is that you can't code.
You are welcome to code it for me!
If you can do it, we can both benefit!
Unless you decide to keep it to yourself!
You are welcome to code it for me!
If you can do it, we can both benefit!
Unless you decide to keep it to yourself!
I'm not sure you could describe exactly what it is that you are doing and in that case nobody could code it. The first step is to know what you are doing such that you can explain it to someone else so that they can reproduce exactly what you are doing.
Regardless of that, I think your view of SR is simplistic.
I'm not sure you could describe exactly what it is that you are doing and in that case nobody could code it. The first step is to know what you are doing such that you can explain it to someone else so that they can reproduce exactly what you are doing.
Regardless of that, I think your view of SR is simplistic.
Whatever!
It works great, not only for me!
People are getting Green Pips thanks to my method.
People who have been only losing money are actually getting incredible results, and showing me the results, too.
I, myself am making 600 plus Pips per week, consistently.
Whatever anyone's opinion might be, it does not matter!
Wishing you and everybody A Whole Bunch of Green Pips every day!
Thank you, and logging out for a longer time!
PS. I have described in many detail, about 2000 posts on my thread on the other Forum since 19 March, 2013.