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New levels for EUR/USD. Made today. Should be very accurate. (More accurate then before tbh) Last time I used only one TF. I admit I have still mess in TF’s. :'( Need to fix it somehow ASAP.
Ok guys, here are some support resistance lines. I will explain later, after some move. Btw vertical lines means place where price should reverse. But it works only if market is not in trend. We need good sideway moves. :) Ah, S/R lines should be traded on tick charts (or 1 minute at least). This way you can eliminate wrong sup/res. I have no other way of doing it sadly. Trying to achieve that for years. Still no luck tho. :( My only problem is this I would say.
Sure, I can make some video. But it can take days. At least for now. Because it’s quite hard to be so accurate on one chart I can’t do more then one. Or maybe I can but I hate that.. Seriously. :/ So I will do my best and will share something. At least I can take it as practice. :)
// I watch EUR/USD for now.
Anti, you are right. I have source for REAL BIG BOYS trades (I mean places where banks and others sell or buy) and it works in volatile markets better then in low volatile market. :) Also, these places works exactly on TICK. So if they have sell order on 1.1215 (price will break it and make big pullback from 1.1215 lower). This happens during news mostly.
With my indicator I can see these places (I need to manually find “see” them) but it’s mostly on same place where banks have their orders. :) Sometimes I’m out for 10 pips. Anyway, not for more. That’s I think the reason why my resistance & support lines works so f**king good.
But I’m not still satisfied with this. I need to be much more accurate. My trading is about money and drawdown.
MoreLess drawdown and bigger amount of profit. No other way to trade. Not 50 pips stoploss and TP same. I’m sure together we can find something. At least still believe in it!I’m very happy I have you guys. Always full of ideas! :)
Hi Saver, nice looking charts. :) Now to your question. Yes I thougt about that and yes, of course they are patterns with high recurrence. I trade these mostly. And time profitable is about 90%. These 90% win rate works ONLY if you really respect every pattern and use it way as you should. You find some? This could help me achieve even bigger ratio. Will be following this thread for while now. :)
Here my chart. Lines were made realtime months ago. To be clear about 3months ago. Before brexit I had possible high / low for selling and buying. Sell was 1.1420 (catched exactly) and buy 1.0912 (same again).
Also look how every “main” line catch 50% of last move. It’s like using fibonacci but with this we know where 50% will be in advance. How we can use it? Thats my question. I’m not exactly sure now, but still working on it.
Hello guys. I need help with something. This will be probably pretty hard to be clear.. :( Few weeks ago I made very simple system from very powerful indicators. One is probably RSI and other one is “updated RSI” which is very accurate. I had no filter etc so it was in development and when i shared screenshot with everyone, i didn’t wanted to talk about it much, so I didn’t take photo with indi names. It was pretty stupid, I know, but sadly I lost my MT4 and my templates too. Can anyone try to help me guess what indicators I’m using?
As you probably understand from picture, it was pretty simple idea. I just took one normal RSI and use it on other and “better” RSI. It worked great, sadly not everytime. (You could get drawdown)
I think the blue (line) indicator is called “Ocn_Ndx”. If anyone can get that indi (it was free on internet.. now sadly everything for buy on “fx-tsd”) and try it, i would be happy.
Of course you can ask. :) That’s why I’m here for. Using “bands” that make high or low on level X where price will 1. reverse or 2. break with pullback and trend continuation. Very simple. These bands actually make levels on both sides. Up and down. So you always have something. Good level comes when & if price moves quickly up and down. If there is no trend, bands do almost nothing and I can’t make any level. I’ll show soon as possible.
What is this TVI v2 indicator? Can you upload your version?:)
I’m playing or watching my levels today, and this is what just happened. High on my exact level 1.1480. Very interesting. There is chance we will go back.
a Just little update on my post. I said on 1.1264 there will be break or big drawdown. This happens “few hours” later. :)
Then price reversed on very big level cca 1.1335. And this is exactly thing I wanted to show. You can say if price will break or will not, with high success ratio. This way you can get with small stoploss 5 pips even 45 pips or more. If you know trend, you are happy to go. For now sadly with trend. It’s safer.
@George: May I ask if this has to do with the ideas of CrucialPoint and/or EURUSDD? If not, have you already read some of CPs post for which I gave you the links?
Sure. I guess it have something to do with both. But still have problems with completing it. And yes, I read them. My last problem is only some kind of filter or idk.. Some S/R just works better then others. I need to find a way how to find and draw only price levels where price will reverse or at least slow price down and then continue in trend. It’s possible. I know it is. But how? These lines are damnt very accurate, but not always and sometimes you will get SL. Not big actually but still. 5 pips. This is too much for smaller account. For example this was great month. Stoploss was no there because price just moved away in seconds after I opened trade. Maybe it have something to do with time and trend? Sometimes you will find levels that works immediately and after a week, you made them, but price do nothing because there is no trend or anything at least.
Exactly, TraderTM. :) Agree with that. I found interesting that my levels somehow corresponds with supply and demand. It’s more accident then purpose.
Today we see new action. All charts agreed on one price. And that is cca 1.1220. (Plus on tick chart, fast moving averages were below price so this means BUY) On upper right corner we have 1.1264 level, I can say there will be break or at least big drawdown. So don’t trade these. Good thing is, if you have fast move down or up. Then price have more chance to reverse. You can see it on chart actually.
I don’t use strategy explained above. I mean that 15 pips place where price COULD reverse. I only use levels where price WILL reverse. I also shared signals on FB mostly where my friends could see it. And it was very popular actually. However after few weeks some of my friends started lying about my system and trades. So I totally stoped sharing anything. It was just waste of time. On internet, there are also some systems are made. Quite popular. But of course, none of them have my name in readme. People just take my work, edit it a bit and say “hooray, i made great system, so here you go”.
That’s the reason why I’m here. This what I shared here is my best work ever. Works 95% of time. Succes ratio can be even more, but it’s hard and something is missing. I need some kind of help. Problem is I can’t explain how exactly this works and how it’s calculated. I’m more trader then someone who can explain things behind scenes. :/
People always tell me what they “don’t understand”. And I accept it. It’s not something you can do in few minutes. But these horizontal lines could help you find places where price will reverse immediately or simply don’t reverse at all. Normal resistance or support works differently. You need to wait for price to get on that S/R and then wait for some kind of pattern or nonsense like that. I don’t need to wait for anything here.
Lines you see on my charts are made in advance. This means you can see and backtest how it will work. I also see old resistance or support on chart, because indicator that help me to make these doesn’t repaint. It just show me high or low. Simply. And on this high you should sell or you should buy on low. Nothing fancy. Few years back I used that to make trendlines, not horizontal lines. Work totally same. But it’s pretty confusing to use TL and horizontal lines. Because chart will be like spider web. Not good.
I need only filter. As you said before. :) Because – “too much lines now”. And I agree. I need to fix this. Somehow.
Well its simple. Instead of using only one horizontal line as reversal point (resistance or support), we use resistence or support from level for example 1.10 to 1.1015. So we have 15pips big place where we can sell or buy. Damnt, i have problems with english here. :X Sorry.
These S/R I have on chart are made when price move up, support become on X level down. If price goes down, you have next support above. Its up and down. Always.
Sorry, I can explain that. Yes, I have very much lines on my chart now. But as you can see they are all colored. I made them like that only for a test, after few morons on another forum and FB (and my “friends”) were saying that I’m liar etc… I made them all colored because i wanted to see what lines are best for these reversal. If its 1H, 2H, 3H etc…
Most of the time i have 5 lines and two are very close to themself for example 5 pips. So you will take those 2 lines, you see 5 pips reversal place. Ok? It’s clear?
One more thing to my chart horizontal lines. :) As you can see, candles MOSTLY (97% of time) close exactly on my levels OR they close very close to it and then price reverse, touch my line (makes high…or low in up trend of course) and go in that new direction with almost NO WAITING.
I’m very happy that I found how to make them like that. It took me few years actually. Just need some more patience.
Picture explains:
You can find this behavior on any chart when i have those lines. And all of them are made in advance. If I only could find a way how to know where this will happen, then I could say “hey on this level price will reverse”. It works most of the time, but i really need more. And I KNOW there is way. Thanks to GG and others here. We can do it. And that’s why we must help each other! :)
Just reminder: This happens with 99% success chance on absolute high or low. Only thing we need to ask is? “WHERE will be absolute high or low?”
Well yeah, this topic looks quite dead. Sadly.. However im still working on system. Or i could say just testing it.. Without trades sadly because i have some problems with trading itself (after big loss..Did not used stoploss) Don’t know what to do, to be clear.. And I’m not coder so i can’t help with anything here..
Here’s picture. Lines are made manually. Some are daily and some monthly etc.. There was amazing spike on news (high 1.1390.. This line was made in advance too!) So we could sell there. And i mean exactly on 1.1390. And I use tick chart too with some moving averages. Not simple one’s. Only yellow and blue are original simple and exponential moving averages. They are always in middle as you can see. They show something like “if they are not trending, you will sell or buy because trend is slower”
Then you see (on tick chart again) some very fast moving averages. If price goes below them and move almost to the side, you can expect price to reverse. It works quite well as you can see. Very good filter if you have some horizontal line for example we can use 1.1390 from hourly chart.
So.. I will show you possible trade now. Very simple i would say. You just wait for hourly and daily chart to agree (as most as its possible) and then sell or buy on tick chart.
It’s made so well that you don’t need to wait for ANY retracement. Only thing it needs is good trader with good physical condition so you can and NEED to use stoploss like 5 pips. Max 10 pips SL. Don’t risk much more.
Made like that 3 4250 USD from only 850 USD in three days. However.. It’s very hard to do. I did it somehow, sadly on my third trade (news again) i didnt used stoploss, my trade goes -2K USD, I closed it and price went back up as expected… If I just hold that… But.. Sh*t happens sadly. Hope it will be useful to someone. As idea or whatever… I guess I need help too. Not sure.
This can be and probably is “trend following system”. But it is possible to pinpoint exact entry so there will be almost ZERO drawdown so you will end in profit almost in few seconds. (If price is doing something of course.. If not, you don’t trade)
Spread is fine with this broker. Never had problems with anything. Most of the time spread is 0 pips or 0,1 max 0,3 (only sometimes) If more, you shouldn’t trade if you don’t like it. With some luck i opened trade few days back and found that i have 0 pips spread so only commision took me 3 dollars. But it was profit on 0 pips so it’s ok. I mean I never had problem in months. :)
You are right my friend. :) But remember, we try to follow trend. (we want as much pips as possible) Well.. Idea is to open trade when you can use max stoploss like 5 pips. In this case, leverage will be your best friend. :) I will show you guys something more later (with some pictures) so you will see what i mean. I can make nice S/R on ANY chart. But I need to find way how to be always accurate “super accurate”. I have something now, but still.. It’s not exactly what i want. It’s simply great thing to trade but there are some errors. I need and want to fix those. That’s why I’m here.
