Flying without Indicator

[xtsunami]

4xis2ez

What made you think it was a joke?

[4xis2ez]

The lines make no sense.

[tradewinds]

hi 4xis2ez

xtsunami is a wise trader. The spider web is based on some mathematical parameters which define important supports and resistances. It is like a road map with all the obstacles revealed. He looks for breakouts from resistance and bounces and support and trade accordingly. It is better than blindly following some indicators as he has a system to the madness.

Technical analysis is like a sword. It is just a tool no more no less. Do not blame the sword if you have poor skills. I kid you not. If you want to trade, you either prepare yourself well or be "killed". Know when to attack and when to defend. You have to pay your dues. It takes time to learn and be an expert.

Do you the discipline, good money and risk management, a well tested trading model and an insight to the psychology markets. To succeed in this game, you must have an edge.

[teeanto]

hi guys,

we keep moving round in circles and circles and waste time
having a go at each other trying to prove whos wiser and
who's not.

tsunami could u please explain what all those lines represent
as clear as possible so we don't go on for days speculating like
Mr 8grand a day. It does look very interesting but even those
s*xy looking mathematical objects don't mean anything to
the average person, which is why people probably thought
u were joking.

Could u please explain them. thanks in advance.

tee

[4xis2ez]

Regarding no indicator trading.
I have looked at historical data and found on average about 4 to 6 swings per trading week on hourly charts. Obviously there are shorter and longer swings, but I was concentrating on one particular time frame. If you average at 5 swings per week, this means that the swings average out to about 24 hours on average. So basicly, when a swing high or low is made then expect the next swing to last 24 hours on average. Recognise that this is only an average and the actual length of swings can vary considerably. This fact though can be used to your advantage. My thread, The 24 hour cycle

Small account managed forex

[xtsunami]

I will post one more chart using the same platonic solid as a model. It was drawn yesterday, but I took the liberty to make some of the relevant lines bolder.

It is much like the magic eye posters, either ya see it or ya don't, there is either a map or there isn't. It is not something that can be taught, but can only be learned by your own study and effort.

[currencia]

Xt, Now there is some nice workmanship.

[garyh]

Originally posted by amarnath
There are indicators exists that can predict a lower /upper limit of a day move to certain extent

IMHO, I don't think there ANY indicators (or even any kind of TA for that matter) that can PREDICT the future. To be successful you can only PLAN for the future and how you will react as it unfolds. All our TA just gives us are guidelines on how we might want to react. At least, that's the way I look at it.

xtsunami... I guess if you stare at it long enough... you can see almost anything! But it just gives me a headache.