Bouncing Balls Pivot Theorem and Retrace Play

Raghavacc

Well-Known Member
seems to be an opportunity.

 

Tavnaz

Well-Known Member
Well Raghav and Trader 24 your answers are in the charts i have attached.
Raghav i see your stop loss dead,that pin is heading for moon.:rofl:
You gotta see both of your setups Raghav and trader 24 are pushing PPZ.
We need them to be pushing away not into.
I don't know maybe that pin works but is moving higher now.
That pin was bad,end of story.
that BEOB was pushing in weekly zone,so end of story.

To you Trader 24:



To you Raghav:


 

Tavnaz

Well-Known Member
What is stop loss?
Ans: Stop loss point is a dynamic point on your chart where,once the price has reached the trade is completely lost,so when you set a stop loss you never set it according to appetite but where if price reached there will be no recoil.

The above definition is the best description of stop loss.
Regards
Taz
 

Tavnaz

Well-Known Member
Chart:
My Aud/Cad trade i closed as is shown at the second chart.
Damn there is lack of liquidity.
I am damn sure Lazy boy users will be in trouble during illiquid periods.



Trade at Close:



Regards
Taz
 

Tavnaz

Well-Known Member
I am a forex noob...how do get pivot lines on my MT4 chart. My indicator cluster does not have pivot line option.
I would suggest as by everyone go to babypips.com and finish forex school over there.
Then you can come over here on TJ and ask any Questions you may have.
The pivot lines are hand drawn from historical data.
The main reason for all the TA being done with PA manually is sharpening the brain skills for finding better opportunities in market.

So i don't give away food here instead i teach how to cook it for yourself.
The above lines, are the ones, anyone would realize completely true.

Because one day you would be looking back, and not thinking, i was using some indicator to earn money which was not made by me and i never even knew how it worked.
Instead you would know i have skills inside me,and no BS indicator or Mechanical system can imitate that.
 

Tavnaz

Well-Known Member
nice thread. But i didn't see any balls bouncing on charts
It is an Analogy Nexus,the one who cannot imagine can never get ahead in life.

The biggest gift given to man by god was imagination,he could imagine Planes before they were made.
Consider Ramayana they mention flying machines used by Ravana 's Army.

So consider it like this,Price is a ball and Price's movement along chart grid is path traced by ball.
When Price hits resistance it stops and bounces back,when it hits support, it stops bounces back again.
At times you get a very strong fast ball then the ball breaks resistance,but when it tries to turn back the same resistance becomes support.
This is what price does all the time.
So it is like Crystal ball you know where to sell and Buy.
Just buy Support sell resistance and put the money in the bank.
Regards
Tavnaz

Happy Diwali to all of you at TJ