S/R levels from 11/15-16
Adding S/R levels from previous two days we have this (green horizontal lines)
Put them together for today, you have this:
So, if price has been tested I can terminate the previous price level and add new ones in as they become significant (white lines). Not perfect, but what is? The results are helpful though and at time uncanny.
2 comments:
hello. unrelated but I added your MACD methods (found them fascinating) to my chart, felt like sharing. Todays action on EURO.
http://a8.sphotos.ak.fbcdn.net/hphotos-ak-ash4/390848_2683401242780_1188827649_33024529_82345621_n.jpg
Thanks for sharing Rexxy. Notice that the 4c is just a bear flag continuation. Also, the stochastic is somewhat redundant, no? When it is above the midline the macd fast line is > 0. I understand that it points out divergences at times that the macd doesn't, but when at what point is a divergence actionable if we believe the adage "price can remain overbought/oversold for long periods"?
Just my 2-cents. There are many things on that chart which jump out at me. If you would like to swap charts/ideas, feel free to email me at toddstrade@gmail.com
cheers!
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