if you don’t enter the second tests , then don’t enter . Be loyal to your strategy.
Hi SR Player
did you get this? do you think the target would be near 1.3008?
Hi Mooniekool
I just saw your post and yes its a greaty set up, didnt get to you before the report obviously, but was textbook for this system
Hi Oktay
Yes I am long on AUD/NZD nice support there, going for about 130 pips target with about 40 stop loss
You welcome Oktay, glad to help
I use a simplified version of Elliot combined with SR levels, also capitalizing on sub waves on multiple timeframes, its not as difficult or subjective as people think, when the approach is simple then the result is clear.
Hi piptronix
SR levels come in various forms and Pivots are one way to determine these levels, I like to use PRICE SR levels as my entry/exit but pivots are also another option.
Absolutely welcomed, great stuff guys!
thanks for the reply. but in my eyes i am loyal to my strategy, because, as i said, i do not cosnider it as a second retest. i don’t consider your “first test” as a retest, because it did not reach the SR level i am looking at. but anyways, thanks for your concerns! it’s important to stay consistent with your strategy
your welcome , every trade is an experience for us , in a long run it is going to be more awesome. :57:
Hi All,
Im trying to find out where i can get a similar Support/Resistance indicator for use with the Tradestation platform through FXCM.
I have been drawing the SR line manually but it would be much easier if i had the indicator. Any help would be greatly appreciated. thanks
I’m using the FXCM Microtrading Station. If yours is similar, then try the AweSome Indicator. It is the same with the TradingIT here IMO. Regarding the SR area you can draw them manually. It’s better for your eyes. Hope this helps.
[QUOTE=billko1977;356677]Hi All,
Im trying to find out where i can get a similar Support/Resistance indicator for use with the Tradestation platform through FXCM.
I have been drawing the SR line manually but it would be much easier if i had the indicator. Any help would be greatly appreciated. thanks[/QUOTE]
check this supply and demand indicator , it is nice at higher time frames . however i prefer to identify by my self.
Thanks for your replies
I’ve been using the awesome indicator for a while now and it appears to be about the same as what SR uses
I’ve been drawing the Sup/Res levels manually and it works fine but I was thinking it might be less of a chance of missing something with the indicator. I’ve actually checked out the subdem indi but have yet to find one that works with tradestation. No big deal just figured maybe someone else had the same issue.
On a side note, this thread is spectacular. I’ve learned more in the last month than I could have ever hoped and am really looking forward to exploring Elliot wave theory with SR, and you guys of course.
Someone else on this thread already ran into similar issues, he resolved it by switching to FXCM MT4. See page 31, post #305.
See page 30 post #297 for a link to download both the waves and the SR indicators from the source.
However, like others mentioned earlier here, the SR indicator will not do you much good. I have been following this thread almost from day one and have been using this system with very good results. None of my successful trades were based on zones drawn by the SR indicator. All zones I ever utilized for trades are hand drawn by me. It’s very easy and sensible. Here is a quote from my trading plan I wrote based on this thread that explain how to spot the zones and how to draw them. Keep in mind that you draw the zones on weekly, daily or 4H charts. No lower than 4H for drawing the zones!
The SR Zones:
Support: price makes a new high then comes back and retraces to a previous high. Trend is up - enter long.
Resistance: price makes a new low and retraces back to a previous low. Trend is down - enter short.
- Do NOT consider double bottoms/tops as a form of support and resistance -
About drawing zones:
A zone is created by the difference between the candles’ wicks and bodies.
Zone used as resistance for entering short:
Zone bottom = wick’s bottom
Zone top = bodies of candles
[B]Zone used as support for entering long[/B]:
Zone bottom = bodies of candles
Zone top = wick’s top
And an image to demonstrate:
Thanks 20s
I actually got a chance to play with the meta trader 4 this weekend and have realized that it’s just not worth the trouble to attempt a switch from the tradestation 2 platform that I have become accustomed to. Meta trader seems very much a pain the a** to me. I’m sure it’s great but I’ve just been trading on the tradestation for too long.
I too have been following this thread from the beginning and have had success with the concept. The only problem I’ve found is ME wanting to take profit too early or wanting get out of what appeared to be losing trades before they stop me out. Both of which are big no no’s. Its ok though because I am getting more confident and resolved with every trade I make and considering I didn’t even know what forex was 4 months ago and the fact that I have actually made money since I started I feel good about my progress.
Thanks too all
Excellent chart, 2os! Thanks for sharing 
Cheerz
Not at all, thank the teacher!! I’m just a student keeping up on my notes. This method made my trading journal looking pretty. I can’t be grateful enough to SR Player for sticking out for us the way she does. :40:
Hi All,
I too have been following this thread from the beginning and am fully aware of how well this concept works. I greatly appreciate the time you took to explain the main points of the thread and im sure it will help those who may be just joining us.
I mostly was wanting to have the same tools available to me as the OP since she had recommended it. i have since had a chance to check out the sup/res indi on metatrader and wasnt really that impressed, mostly because ive only ever traded on Tradestation II and am comfortable with its operation. I think its just a case of what a person is used to using, but having said that i wanted to give a big thumbs up to trdeingit.com for allowing me access to its indicators even though i couldnt use their broker since they dont take clients who live in the USA. So basically they gave me access to everything they offer including the live trading room…completely for FREE! Now thats impressive.
Ive been drawing my sup/res lines manually up to this point and will continue to do so happily. Considering that 4 months ago i had never even heard of forex and now i have actually made more money than ive lost i feel blessed to have found this thread. My biggest problem up to this point has been letting my winners run and not getting out too early when a trade appears to be going against me, but thats ok because im geting better and more confident with every trade i take.