How to use Support and Resistance Effectively - page 43

Nicholas2001
12
Nicholas2001  
sjerar:
try using fibonnaci clusters

Please explain what is this or give please link where to read this. In Trading systems i was tought, there is very seriously used Fibo levels, so I am intrested in what about you are talking to

renefx
32
renefx  
sjerar
146
sjerar  
Nicholas 2001:
Please explain what is this or give please link where to read this. In Trading systems i was tought, there is very seriously used Fibo levels, so I am intrested in what about you are talking to

A Fibonacci cluster is the level where several retracements from several timeframes come together.

renefx
32
renefx  

Documents or Compilled Posts

Hay to All,

Although I am really late descovering this thread and MISSED most of the

GOOD Posts made by the Proffessor, I still learned and it's Priceless for me..

Does anyone has the pdf, documents or compilled posts of the Great BUBBLE?

Or even few of the posts that has been saved by anyone.

Please share them to newbies and late comers.

Thank You in Advance,

Rene

banzai
298
banzai  
renefx:
Hay to All,

Although I am really late descovering this thread and MISSED most of the

GOOD Posts made by the Proffessor, I still learned and it's Priceless for me..

Does anyone has the pdf, documents or compilled posts of the Great BUBBLE?

Or even few of the posts that has been saved by anyone.

Please share them to newbies and late comers.

Thank You in Advance,

Rene

Yes, post #364 & 366,367,368,370

https://www.mql5.com/en/forum/177227/page24

https://www.mql5.com/en/forum/177227/page24

https://www.mql5.com/en/forum/177227/page24

https://www.mql5.com/en/forum/177227/page24

https://www.mql5.com/en/forum/177227/page24

speres
19
speres  

example of support resistance and resistance becoming support (rbs)

Files:
supp_and_res.bmp 1166 kb
speres
19
speres  

we were discussing the level pointed out in the chart below in realtime in the chat room last week. Looking for an entry around 160.70 on the test of support. Unfortunately it did'nt quite reach and so no trade, you cant win them all. Another will be along soon enough.

Files:
renefx
32
renefx  
speres
19
speres  
spynamax:
This is the problem...

I follow with passion this thread before bubble abandoned us...

now sometime i ask myself one question!

Is better really to wait 2 time retest or better to enter on quality candlestick with confirm so...we no lost good occasion???

From backtest i think for me is better sacrified some pips with stop loss but take advantage of the trade.....

Sorry for my english...

Theres no reason why you cant enter on first test.

renefx
32
renefx  

EA Based on Support and Resistan (Barry)

Bongo:
Hi all,

ND, do we have EA based on Support and Resistance?

Thanks

B.

Hey Bongo,

I found the attaced EA a year ago.

As I understand and remember this EA will open a Buy or Sell Position

based on Support and Resistance (Barry).mq4 at 15minutes Time Frame.

The default setting on parameter or code such as OpenOrderBasedOn=2

is support and resistance on TF 15min., If the #2 is changed to other number

the EA will diecide on Other basis.

I ALSO DO NOT KNOW ABOUT THE OTHER SETTINGS, EXPERIMENT IT...

OpenOrdersBasedOn=2; // Method to decide if we start long or short

Just Trying to Help a Little,

Thanks,

Rene

Files:
dlmv11.1.mq4 13 kb