Forex traders sharing ideas

walking through a trade

entry point, stops, adjustment point and exit point. GBP/JPY

Permalink Reply by Adam Horak on July 23, 2009 at 12:33pm: Ram;

ill send you an email with the info in addition i will also send you a couple more trades that i did this week so you can see the set up on a few different trades. they all use the same fund, tech and money management set up.

thanks adam

Ram Parkash said:
Adam,

Please see the attached Chart, its as above. I can nnot make out your notes that you have wriiten on the chart. Would you be kind enough to enlarge the notes so that i can read the notes.

I appreciate your help in this matter.

Ram; ▶ Reply to This

Permalink Reply by ramakant on November 28, 2009 at 9:21am: Hello adam horak,

The support and resistance which are used in this software in 1min, 5min and 10min timeframes are different from the daily support and resistance levels used in MT4.
What indicator is used for these s/r values in 1min, 5min , 10min, 15min chart.
Can you please explain?; ▶ Reply to This

Permalink Reply by Adam Horak on December 1, 2009 at 9:22am: Ram;

Good to hear from you... im not exactly sure im understanding your question... but i will attempt to answer what i think it your looking for.

your AI software users two levels of support and resistance, L1 support and L1 resistance are a mathematical compilation of price during a specific time frame allowing you to recognize the most resent levels of support and resistance. L2 support and resistance recognize the previous highs and lows during the time frames you have on your trading screen. I have found what AI uses to be much more accurate then any levels of support and resistance by MT4. hope this helps.

Adam

ramakant said:
Hello adam horak,

The support and resistance which are used in this software in 1min, 5min and 10min timeframes are different from the daily support and resistance levels used in MT4.
What indicator is used for these s/r values in 1min, 5min , 10min, 15min chart.
Can you please explain?; ▶ Reply to This