RomanUkraine wrote: Fri Oct 16, 2020 4:52 am
Under what conditions do you decide to enter into the agreement.
There are several common methods of deciding to enter into an agreement, depending on the strategy used:
- scalper, TF M-1, TF M-5, TF M-15;
- long-term (I do not know how correctly) for TF H-1 H-4.
There are strategies to break down levels, to break down levels and so on ...
I use Xard's system to make decisions using "key levels of resistance and support" and Murray's levels (listed throughout the day and changed).
1 case:
If the change of the Xard trend (arrow in the square, and 2 Zig-zag indicators) coincides with the level (resistance, support) for TF H4 and the current (current) Murray level 0/8 or 8/8 - then I go against the trend , which ended, ie in the direction of forming a new trend.
This is the so-called "entrance at the turn of the trend." The risk is high.
Case 2:
According to the trend, after its formation, after the rollback from "point 1" from "point 2". The point of formation of a new trend is "conditionally called the reference point - 0". This is what everyone is focusing on now. This avoids many risks. The risk is low.
Personally, I make my decision based on experience, I have "basic concepts of Price action", and about "pattern 1-2-3".
In particular, when using the Xard strategy, "point 2" resembles the use of "pattern turn 1-2-3". I advise you to read what it is and how to determine this "combination pattern" using the Zig-zag indicator.
Ask questions. I will post "screenshots".
viewtopic.php?f=579489&t=8473696 -
"example of point 2, post 2"
I will be glad to see additions to the material. Do not throw stones, "do not write fornication."
I'm just a "teapot", well, maybe a "beginner user".
Rusty Google translation
viewtopic.php?f=579489&p=1295407178#p1295407178 Post 80 -
An example of decision making is a strong move
Update.
Are there any willing to unite for joint bidding.
I'm watching the pair GBP-USD.
Who will watch the euro, Audi and the Canadian?