Lines of defense

Lines of defense

16 November 2015, 23:02
Vanessa Lopez Lopez
0
192


logo


Lines of defense, is an indicator that marks the point where there may be battle between bulls and bears, analyzes the market, looking at the key support and resistance, the pivot point, Fibonacci levels and zero points (double zero, triple zero etc) marking on the chart the areas where these points are located, allowing us to have the map of the battle that every general need to conduct their trade.

 

We can see areas, with almost no free levels and therefore the price for passage without problems and areas full of minor skirmishes area that hindered the progress of our army in their battle. We can see where sl and tp our adversaries are hidden behind guessing that level have placed their positions.

 

It is a very useful indicator for planning a trade, taking on the screen, the two largest and white lines that are going to mark the conflict zone, and define within it the potential difficulties that we can find.

 

Highly recommended for those who want to operate manually and visually to have a clear idea of ​​how the battle.

 

 

The lines shown are:

 

 
Red lines: These are points of low resistance, shows the front line, where is being performed the sharpest battle. We see the position of the army bull and bear their first effective.

red line


 

 

 Small white lines: Displays the rear of our battle, are the points where there will be a start of the drag of the price. The thickness of the line shows the strength of that line and therefore the price will have difficulty in through.

line white littel

 

Large long white lines: mark the boundaries of the battlefield, shows the upper and lower two limits of our battle, I recommend resize the chart so that these lines are always on display. If we are close to the top, shows how the bulls are attacking strongly bears and can be rejected, then we will look at below the price and see if we have a clear field or bulls were creating lines of defense in the conquered territory. If we are close to the bottom, the situation is similar but reversed with bears strong attacking bull zone of high resistance.

line white

 

Brown lines: Shows the pivot point, we have on the battlefield.


marron line

 

Blue lines: They mark the zero points, places where it is more likely to place tp and sl and therefore potential areas of our army ambush. The thicker, more powerful ambush this point.

 

blue line

Yellow lines: Fibonacci levels show, mark the points at which the army stops to refuel, leaving behind detachments, with whom we meet in our progress and may reduce our potential attack slowing our progress.


yellow line



We will perform an analysis of the usefulness of the indicator.

Scenario 1: Rebound in strength Bull:


toro


In this scenario we see our map of the battle, the army look like the bear mercilessly advancing toward the thick bull strong support that delimits the end of our field. On his way he has left white lines represent areas where bears can be made strong in his retirement. Also we note as the resistance level zero point has been overcome.

 

But progress has been slowed to reach the defensive line bull, producing a price rebound tending toward the first fortified area bear is the top white line.

Scenario 2: Rebound in strength BEAR:



In this case we see how the powerful bull forward, braking fuer bear in strength, that after realizing the level impenetrability makes a strong pullback to defensive positions. It is important to note as the pivot point was a major battle zone and once solved this resistance point price go along smoothly towards the bear strength.

Scenario 3: Detection of weaknesses in defense (military intelligence reports happens to us):



In this scenario the intelligence shows us on the map as the bull army is far from its base. And you have an area with few points of resistance and far between them, that makes us think that if it fails in its attempt to break the bear strength, the withdrawal will be uncoordinated and can take advantage of putting aside the Bears, for example waiting below the zero line and go quietly offensive expected quiet.

Scenario 4: Map of the battlefield:

Ideal for initial management of this indicator is to display a complete picture of the battlefield, placing on top. The resistance zone (Fortaleza Bear) and lower the support (Fortaleza Toro).

In the center we see all the pockets of resistance that we will find in the field, with their different importances, to help us position ourselves on the battlefield.

I hope you like the indicator. A greeting Raúl
Share it with friends: