[NEW] 2010 Support & Resistance Trading System ... !

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[NEW] 2010 Support & Resistance Trading System ... !

Postby manus168 » Sat Jan 02, 2010 4:52 am

Image

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http://www.bird-watching-in-lion-country.com/



DOWNLOAD :


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http://www.multiupload.com/648932KI3A



Ciao ... :idea:


Manus168
Yesterday = HISTORY !
Tomorrow = MYSTERY!
Today = GIFT !


Thats why we call it the PRESENT :)
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Re: [NEW] 2010 Support & Resistance Trading System ... !

Postby Rom » Sun Mar 06, 2011 8:34 am

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This book was nominated for best book on forex 2011.
What happened?

http://www.fxstreet.com/webinars/sessions/session.aspx?id=5d03aaaa-4e9a-44a3-a392-f3f16564f5ab
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Re: [NEW] 2010 Support & Resistance Trading System ... !

Postby Rom » Sun Mar 06, 2011 8:52 am

.
Is Bird Wathing in Lions Country about lions?
That too, the word is full of sharks that want to "educate" us about forex trading.
What the educators tell us is not what Dirk Du Toit tells us. He mostly tells the opposite.

If we look at price moves the last 5 minutes on EURUSD, USDJPY, GBPUSD, USDCHF, what does that tell us about about what price will be the next 2 hours?

Absolutely nothing

forexreport.pdf
(642.49 KiB) Downloaded 1184 times

So much for price action.

Should we use stop loss like 100 pips or less? No.
Should we use leverage no higher than 10? No
Should entries be accurately timed? No
and so on........ a different world.

To compete with Bird Wathing in Lions Country/students in Forex championships is like doing kamizaze, running the risk of longterm damage to ones reputation as professional trader. Not recommded. Just stay out if you have to compete with Bird Wathing in Lions Country/students. There are no prices for the other ones :(
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Re: [NEW] 2010 Support & Resistance Trading System ... !

Postby Rom » Sun Mar 06, 2011 1:16 pm

.
"2010 Support & Resistance Trading System ... !"

Support and resistance matters for Dirk Du Tois, but Median line is what matters most.
Median line is not placed on S/R, just in the middle of upper and lower boundaries.
When price breaks resistance price may be right for selling, when price breaks support price may be right for buying. Pretty much the opposite of the usual approach.
Dirk Du Toit will use Limit orders for entries. Normally traders will combine support and resistance with Stop orders. Median Grid trading is not another S/R system.
Understanding currencies, Forex industry, marketing wizards, diversifying away randomness, rehabilitation of losers, are major subjects in the book.
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Re: [NEW] 2010 Support & Resistance Trading System ... !

Postby ForexLion » Tue Mar 15, 2011 11:32 pm

I have read the Book. It is a great Book
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