another recent chart
one more chart
What are this, support and resistances?
I don't understand what your asking me please be more clearer
Well, I think is cristal clear: you have blue and red dots: what are they, support/resistance?
thats the hl next indicator
i uploaded it a few posts ago
I think what Nina is trying to say is what do the dots signify, how are they used as an indicator for trading. A heap of screenshots does not mean anything without and explanation of the indicators uses.
The way i see it is
blue dots go long
red dot go short
Level 4 buy on EURUSD (14:30cet) @ 1,2725. Made a high at 1,2790. +65 pips.
Level 4 sell on USDCHF (14:30cet) @ 1,2317. Made a low at 1,2240. +77 pips.
Level 4 buy on GBPUSD (14:00cet) @ 1.8369. Made a high at 1,8501. +132 pips.
TOTAL: + 274 pips.
The problem of all these things is that for a newbie it will be his economic failure.
Please, do not open the door of the market thinking you will see yellow walls.
Do not listen to gurus, snake oil sellers, EW followers and all these guys.
Try to find a system that fits you, the way you are, your psychology and stick to it. CatFX50 is one of them, but there are plenty out there.
Thank you for the post. I lost 110 pips because I thought a retracement is coming our way. You were absolutley right, It just could've happened to a newbie like me. I lost my rules and I lost my money. It was a very big/sad punishment. But a Big experince for me to continue to work and study so these things won't happen again.