My English is weak.
My thoughts were exactly like what you said. I have 10 years experience. I have learned fundamental analysis. But it never worked. The strategy I have posted here is a secret. Every trader who know this don't publish it.
A strategy that is a secret
- Thread starter forextrader1990
- Start date
My thoughts were exactly like what you said. I have 10 years experience. I have learned fundamental analysis. But it never worked. The strategy I have posted here is a secret. Every trader who know this don't publish it.
I disagree. You are trying to discredit an idea worth checking out. In fact, more often than not that is the case on this site. Why can't you just let readers on the forum make up their own minds? I think it has merit.
Now, we can argue all you want about stealth vendors but can we argue about stealth posters that are merely on here to provide content for clicks? How do you decipher and how are they any more credible?
Well, for various reasons some people view trading as a hobby as opposed to a full-time job or get rich quick scheme. The premise of this strategy is a basic principle of trading anyways - why support becomes resistance & why resistance becomes support.
Thanks for sharing.A very smart computer makes the charts. I'm going to explain how the computer works.
Look at the three pictures.
When the price breaks a trend line, after a time-span, the price will come back to the break point.
The time-span can be short or very long. It often happens. About 95%.
You can check the past. You will find so many samples.
It happens in every time frames. 15M , H1 , H4 , Daily , Weekly. But H4 is the best.
Draw the trend lines from the tip of the bars.
Three examples:
True Trend Line
Look at the two pictures.
The first picture: False
Because the second peak is not below the first peak.
The second picture: True
The second peak is below the first peak.
Draw the trend lines from the tip of the bars.
The trend line should touch the first and second peaks. It’s so important. Some people don’t care about the second peak.
How to trade?
You should trade when the price comes back to the break point.It often happens. About 95%.
You need experience. Check the past to see more examples.
How to find the return points?
You can use Fibonacci for finding the return points.
Draw the Fibonacci from the start point of the trend line and end it at the highest or the lowest bar before the break point.
In these picture, the price has returned after touching the 161.80% or 61.80% of the Fibonacci.
Five examples:
I feel for you that you have gone to some effort to explain a new idea and predominantly all you received in the way of thanks from ET are snide comments.
Anyhow, I appreciate your contribution.
I googled trend line break and got 68,300 results. So exactly how is your "strategy" a secret?
Let's see a brokerage statement with live trading results...otherwise you are a poser.
Unfortunately I don’t understand your strategy. I only see some lines and circles that you draw after you know what happened. And I don’t understand how to select the same circles that you did.
Of course anybody can come up with random secret strategy and then prove it with some lines and circles.
Maybe you can provide current charts with future price or trend predictions, and do this only once a month for one year. It could be very cool.
Of course anybody can come up with random secret strategy and then prove it with some lines and circles.
Maybe you can provide current charts with future price or trend predictions, and do this only once a month for one year. It could be very cool.
I see the losers of E.T. went from "stealth vendor" to "poser".