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Thread: Price reversal points

  1. #161
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    Hi kolapo, where can i learn about the balance point?
    thanks in advance

  2. #162
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    newly, you can find two pdf files about balance points in post # 3

  3. #163
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    Kolapo< what are the indicators you have on your charts ? (AKZZ, ARR, Non_lagZZ, AKZZpointer and the float _ 5 is that the total ?

    Also when you say "confulence" What points are you looking to cross or meet ?

    ( Ex. If the nonlag ZZ crosses the AK ZZ (and makes the sideways "Z" pattern) are you saying thats a balance point ? and how do you incorporate the 50% line on the float ?


  4. #164
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    hi trademonster what i look for when we have a confluence of zig zag ,non lag and akzz are are we on a balance point,the red line on the float provides that,sometimes like i said earlier ,one of the lines will pass through a balance point, are we on a support or resistance level or a fib extension.macd will give a clue if diverge,flat trend will give a change in direction by changing from green to red or green to flat to red and vice versa, goldfinger provides early entry on lower time frame or like i said change risk to 4 but 6 is the best.sentiment direction also matters.i use super adx to know averagely how far price will go.people have there favorites confirmations.the most important is are we having a directional change.flat trend helps a lot.if you apply the confirmations you will be ok.

  5. #165
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    Kolapo

    Please forgive me if i sound rude or come across the wrong way. Myself and i am sure all other members here greatly appreciate your willingness to share your ideas and information but i need to say something, and please please do not be offended because this is not my intention, i dont know if it is just me but i am honestly confused by everything you say. I am confused because every time you post something you seem to have another indicator or idea introduced ot the equation. In your last post you talk about super adx and Macd. You never mentioned this info before and i am extremely confused as to what indicators you actually use all the time. Do you have a template chart with the indicators you use?. Your chart posts never show macd, super adx and flat trend. I honestly see no consistancy in all your posts and methodology. Please do not be offended but i think you need to make one post with every indicator you use and how you use it. Of course you not obliged to do this for me or anyone but i think this thread almost needs to be restarted from the beginning with proper information. I am not talking about RM, balance points and channel surfing, these videos are self explanotary, i am refering to the indicators you keep introducing and the lack of information in how you use it. Would you kindly post a chart with clear notes showing the indicators and perhaps examples of how you use them to trade?. My apologies to you and everyone on this forum if i offended anyone but this thread is becoming more and more confusing. Is it just me? would love to hear from everyone else their opinion

  6. #166
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    hi kolapo, and fellow traders!!! kindly comment my newbies understanding about balance point... here's the chart on H1 EUR/USD.

    Price reversal points-balance.jpg

  7. #167
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    hi fx trader this thread was suppose to share ideas and information about trading not to teach how to trade ,everyone here has a trading style. i am not responsible for that, i can only post what makes me profitable.if you check all the charts i have posted all my indicators i have shared with everyone i am not forced to do so.most of the indicators are stuffs you can get generally on websites .I am a trader and i apply parsons method to trading, you have your choices to do what pays you like every other trader.Kor created the forum to share ideas, if you are looking for a holy grail there is non out there as market does what it likes ,when it like and how it likes and you and i do not have control over that.to me what is important is making profit,i have posted macd on my charts ,i have posted flat trend on my charts, super adx is not an indicator it only shows if we are having a big move.everyone has a preference of indicators for confirming reversals i only posted what makes me profitable.i will stop posting soon .

  8. #168
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    newly it looks ok, but apply confirmations.

  9. #169
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    Quote Originally Posted by kolapo View Post
    hi fx trader this thread was suppose to share ideas and information about trading not to teach how to trade ,everyone here has a trading style. i am not responsible for that, i can only post what makes me profitable.if you check all the charts i have posted all my indicators i have shared with everyone i am not forced to do so.most of the indicators are stuffs you can get generally on websites .I am a trader and i apply parsons method to trading, you have your choices to do what pays you like every other trader.Kor created the forum to share ideas, if you are looking for a holy grail there is non out there as market does what it likes ,when it like and how it likes and you and i do not have control over that.to me what is important is making profit,i have posted macd on my charts ,i have posted flat trend on my charts, super adx is not an indicator it only shows if we are having a big move.everyone has a preference of indicators for confirming reversals i only posted what makes me profitable.i will stop posting soon .
    Kolapo you have stated the obvious about the market and i agree with you that everyone has their own style of trading. I also said in my last post that you are not obliged to tell anyone how to trade or what you use to trade but since you started this thread and shared the ideas we are trying to build up on this and hopefully come up with a successful trading style. I am not looking for a holy grail but you certainly made it seem as if you found one. i honestly feel you have not been clear at all with what you post and how you use the indicators. anyway perhaps it is just me but we will soon find out the outcome of this thread. looking forward to your next post (or indicator).

  10. #170
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    Dear fx trader it seems you are more concerned about indicators than a method of watching the market ,and price action.watch all MJP videos and tell me its not what you see on the charts everyday.its about price action in relation to time and not indicators.indicators are there just for confirmations.Come up with a constructive idea or asyle on how you view the market.

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