s.

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…[Read more]

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.

And all of them are made in advance.

Ok, but with such an abundant number of levels on your chart you’ll always find some bars reversing close to one of them, and probably even more bars that do not.

What’s the edge provided here?

s.

@George: Is it one? Or do you enter the market when RSI crosses the 70/30 level, for instance? Nevertheless, I think if you can make money with it, you are fine. But my suggestion is to use it only during news events. Spread will eat your account if you apply your system during “normal” times.

@George: Is it one? Or do you enter the market when RSI crosses the 70/30 level, for instance? Nevertheless, I think if you can make money with it, you are fine. But my suggestion is to use it only during news events. Spread will eat your account if you apply your system during “normal” times.