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Chapter 11, Part VII. Dynamic support and resistance. - Q&A

Discussion in 'Complete Trading Education- Forex Military School' started by Administrator, Jun 21, 2011.

  1. Administrator

    Administrator Just Administrator :-)

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    Please use this thread for questions, answers, and comments on this lesson.
     
  2. FOREXHAWK

    FOREXHAWK Private

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    Dynamic support and resistance chapter 11 part vii

    Commander

    I am a little confused in your example of chart 1 showing a 50x5 Dma there is only one curve I was expecting the second displaced curve ie a tracing of the 50x5 to catch the false breakouts. can uou please explain why this is showing or have I misunderstood the same applies on chart 2 which uses the envelope between 7x5 and 25x5 DMA's.
    thank you
     
  3. EricBubb

    EricBubb Private, 1st Class

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    An excelent series of articles

    I have wasted money on trading courses read many a book. Not able to find the question to ask to resolve my ponderings regarding trading.

    This series of lessons has put everything into prospective.

    I have been trading in test for a month made two loss which were my own fault. The other 10 trades have all bee very profitable.:D

    I use fib select the A-B move then B-C retrenchment.
    Wait for my trend line to be broken below the close of the previouse candel.
    Then enter the trade if the stockastic is in agrement it's a plus.
     
  4. Sive Morten

    Sive Morten Special Consultant to the FPA

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    Hi Hawk,
    not quite. THe point is that long-term MA could be support/resistance itself, without the second shorter MA. Sometimes, breakout through long-term MA, for instance 25x5 on monthly time frame after long solid previous move in other direction could signal about changing the long term trend.
    This is just two different approaches. You may try both of them.
     
  5. saravan kumar

    saravan kumar Recruit

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    thanku sive

    Thanku Sive for the excellent coaching,very personal,simple ,
    consistent and patient. Though the market is a giant, definitely we are getting armed to protect ourselves first and then move forward to make gains.

    Thanku so much
    saravan Kumar

    :)
     
  6. FOREXHAWK

    FOREXHAWK Private

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    Thanks commander you are rare breed thaat can offer a comprehensive course such as this one before your course I had a lot of different knowledge chunks but you show the parts that allow it all to be joined up and make sense

    Thank You
     
  7. Hamza Samiullah

    Hamza Samiullah Corporal

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    very informative...
     

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