manus168 wrote:n MYRON Trendline System i just still wondering, what used of the "Repaint" Zig Zag Indicator
This Indicator is helpful to indicate the previus High and Lows - for me a good help to draw my trendlines. I learn at this moment trendline trading - its help me a little bit.
Myroon said : "This indicator is helpful simply because you can identify previous swing highs and lows which act as resistance & support levels and I think it is a handy tool to use in this strategy."
Myroon said also : " You really dont have to use the swing zz indicator at all in this strategy. But it does make it visually easy for me identify swing highs and lows in the past and based on that draw trendlines.
In answer to your question regarding substitue: the concept of this indicator is very simple, it zigzaps between swing highs & swing lows and if you had to do without this indicator, all you have do do is you draw trendline(s) connecting significant peaks in a downtrend & connect significant lows in an uptrend. the high and and low peaks are easily identified on any chart. At a minimum of 2 "peaks" or 2 "valleys" is required for you to draw a valid trendline. A line of best fit is usually required if you have 3 or more points to conect. "
Hope this answers your question @ manus168
@ Chinto - thats a good way to share a trade opportunity to us - really better with a screenshot for me as Forex Newbie - but it was clear enough for the moment.
My Question are - which Pairs are good for you ? Myroon said - All trending Pairs are good. I think, it is not so good trading Pairs at one moment - for example EURUSD and USDCHF.
To All - when you see any trading opportunity in any pair - please post this here and we can togehther show whats going on . Please post this with your timezone - My timezone is GMT / Berlin . So every trader can learn from the other .
Sorry for my crazy english friends - i hope you can everything understand here