If yes, then the answer is no. A spike like that is a sign that when this move happens, all energies in that direction will be exhausted. We are heading into a possible MAXIMUM!!! There is a great chance to PICK A TOP here!!! Zone will be taken-out ...

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Hi there. Are you referring to the spike in the bottom window?

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Good: There will be a zone to correct/take-out every time, with probability close to 97%. What I mean here is that, if price creates too many new zones beneath the current one in its attempt to take the top-zone out, , it will end up trapping itself ...

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That is the way I want people to approach the market. The price-process we are dealing with has all the characteristics of a financial chess-world!

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@PipThiEF: What we are doing looks very simple but the indicator is based on a very-deep theory and I can assure you that it will stand the test of time! The settings we have will be valid for the next ten years. You do not need more than that to ...

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That is why price is beginning to trade in a Very narrow range. It is trapping itself. It has to move to a free area.

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eurusd is careful because it wants to take out that zone without creating many new ones or trapping itself! It has already created a new one right under the current price (@ 1.30283).

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Remember what I said: "Don't chase price". That is why I owe Ralome for his wonderful contribution. I was about to write an algorithm for mt4 but he saved me.

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Have you guys realized the zones can also repel price, act as support/resistance zones?

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Right now, that is what most people here are following. I support that idea. Because if you want to be able to pick tops/bottoms using the similarity approach then you must master the bb-stoc-zones stuff: How to use Ralome's indicator.

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When to enter is just as important as where to enter. Look at where I entered here. image

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yeah, but I said it is the LEAST tool in the tool-box!!! The stoch- bb -zz is one-step above it. There is another tool but I will not present it here. That one allows you to TIME YOUR TRADES!!!

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For example, there is a reason why eurusd is still trying to go up there. We know why.

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I hope those who argue that technical indicators are useless are having a second ...... you need a sound theory/argument to design a reliable technical indicator. Most of the indicators out there approach forex-trading in the wrong way. They follow ...

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image

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That yellow zone will occur somewhere behind A. image

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stay around buddy. The objective of this thread : help good people like you trade strategically and without too much emotions! Know where the powers that be want to take price!!!

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The yellow line in the bottom window is climbing. We are heading for a top!!!! Maybe! image

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True. The mean is 15 days and you know what that means. Modes are better parameters in this case. That is why you don't need to follow every zone and like I said, with 97% probability, zone will be taken out before they grow to 75 days. So, your ...

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Some chart do not draw them. Alpari does. All charts will eventually agree. Choose at least one more mt4 for cross-broker analysis. Make sure the broker is popular and big!!!

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