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Thread: Price reversal points

  1. #151
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    Smile Price reversal points

    hi davood trader ,the big pointer comes with the ak zigzag, since we mostly have the non lag and the ak zigzag on top of each other the only way you can know the ak is there is through its pointer,the float fib provides different levels, the red is 50% which you can look at a glance to see if it is on a balance point,and confirm if your 100% level is correct,by the confluence of floatline non lag .zigzag and ak. you will notice that most times one of the zigzag or all will pass through a balance point if you are correct.it helps you also to learn the different elements of balance points as its not only the high target a low ,and a low target a high, that forms the point of indecision, it can be a doji, long bar, bar split or a flag.the azz are supplementary as it provides where the support and resistances are.We are trying to create a dash board or an Ea on most currencies on all time frames so you can pick and choose any currency pair.contributions and help is highly appreciated.Thanks

  2. #152
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    Hi kolapo,
    Please take a look at this chart and tell me if I have got e balance points strategy right. The red circles are balance points and the final red circle at the RH side is the projected target; is that correct?

    Thanks.

    Mike

    Also, I am trying to back test with Float and non-lagZZ, but eh Float won't show on the chart. Any reason why not? How do you back test the FLoat on MT4?
    Attached Thumbnails Attached Thumbnails Price reversal points-balance-points-gbpusd-h1-23rd-feb.jpg  
    Last edited by blott; 02-23-2012 at 04:01 PM.

  3. #153
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    hi blott A-C-F is high targets a low and low targets a high half way gives balance point.B-C -D same balance point as A-C-F,D-E-F bar split {overlapping bars} F-G cannot see you charts well but looks like the doji down,D-G-H , looks doji bar or bar split.as you get confirmed points mark it with horizontal and vertical lines you might need those points on cross targets .AAzz does a good job of it even when float disappears.your posted chart is not too distinct.keep the practice you will get used to it .always keep an eye on the daily charts as well for where major support and resistances are.market has a habit of revisiting those points. Good luck

  4. #154
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    Hey< Check out these 2 balance points on the GBP/USD

    The first picked the botton and the second found a high. I know theres more on the screen but i just wanted to point these 2 out. Price reversal points-balance-point2.jpg

    Last edited by trademonster; 02-24-2012 at 05:54 AM.

  5. #155
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    hi trade monster both are correct, identifying them helps with your targeting, the first is bar split and the 2nd is long bar,there are a lot of imprints on the charts.happy trading

  6. #156
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    Hi fxmonster & Kolapo,
    If you look at my pic in post 153 you will see where the next target is - point H. If there is any reason why this is incorrect, please let me know asap!


    Mike

  7. #157
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    hi blott put the arr support and resistance on you will see where the next resistance is on the daily chart.the chart will create an imprint to target that level.

  8. #158
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    Quote Originally Posted by kolapo View Post
    hi blott put the arr support and resistance on you will see where the next resistance is on the daily chart.the chart will create an imprint to target that level.
    Thanks. WHich post can I find the ARR indi please?


    Mike

  9. #159
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    Quote Originally Posted by kolapo View Post
    hi blott put the arr support and resistance on you will see where the next resistance is on the daily chart.the chart will create an imprint to target that level.
    hi
    i use arr and in daily chart show next resistance level is this correct?
    Price reversal points-2kjkk.jpg
    Attached Thumbnails Attached Thumbnails Price reversal points-pointer.jpg  
    Last edited by davoodtrader; 02-24-2012 at 10:05 AM.

  10. #160
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    hi blott check post 133

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