A strategy that is a secret

Discussion in 'Strategy Building' started by forextrader1990, Jan 20, 2020.

  1. fan27

    fan27

    Usually they are one in the same :)
     
    #21     Jan 20, 2020
  2. themickey

    themickey

    I think what OP is attempting to say is, conventionally Tops and Bottoms are recognized as S/R, but the break of a trend at the point of a sloping trend line can also be viewed as a S/R level.
    'Secret', not so, but for OP it is a new idea he wished to share.
     
    #22     Jan 20, 2020
  3. "for all intensive purposes" it is "one AND the same"
     
    #23     Jan 20, 2020
  4. First picture, many peaks, different frames different peaks too
     
    #24     Jan 20, 2020
  5. schizo

    schizo

    Man, you got that BACKWARD.

    Prices return not to where it broke through the trendline, but to where the Support/Resistance and the Trendline are. If you look to the left of the chart, you would see that it coincides with one of the major support/resistance (or the trendlines).
     
    #25     Jan 20, 2020
  6. Deez

    Deez

    I believe he is saying the same thing you are. But maybe I am mistaken. Would you mind posting a chart so I can better understand what you are saying?
     
    #26     Jan 20, 2020
  7. maxinger

    maxinger


    decades ago, that was how I traded. That was how I drew those trend lines.

    all the best mister.
     
    #27     Jan 20, 2020
    comagnum likes this.
  8. trader1974

    trader1974

    What he says is not stupid, how many times they have bought, the price has returned, the stop has been touched and then continued in the right direction. Yes it is true that it is a pattern that is repeated over and over again and knowing it helps in the negotiation.
     
    #28     Jan 20, 2020
    forextrader1990 likes this.
  9. trader1974

    trader1974

    Sometimes when there is a break the price does not return so it is a good idea to enter with half the position and if you return, buy the other half to get an average price.
     
    #29     Jan 20, 2020
  10. notagain

    notagain

    NQ 9160 Tuesday, the trend line secret
    Screen Shot 2020-01-20 at 11.10.58 PM.png
     
    #30     Jan 20, 2020
    forextrader1990 likes this.