Re: Wonderful AFL Do you operate in I DONT KNOW ZONE?
dO YOU ALWAYS OPERATE IN ZONE OF "I DONT KNOW" ?
JUST SEE
from where you got this chart? I dont know. any website? I dont know.Can you give more clearcut info? I dont know
To add to this uncertainty, another guy comes and says"hide this-dont show this"
Really disappointing .
hundreds thousands of readers visit this forum and all you try to do is give them more confusion or increase their confusion.
Why this creation of confusion and ambiguity?A forum is there to break the confusions .
Learn to be clear,simple,and informative.
So you are operarting in the "I DONT KNOW " Zone.
please first come out of it.
By the way there is nothing great about this chart or afl?
NO, NOT AT ALL.
It simply shows highs and lows,PIVOTS which are done wonderfully by Gordon Rose formula.but after a detection delay of 3 bars. It draws support resistance lines the PE of Amibroker does it great. it draws colored bars in haikin ashi format.This is readiliy available in Amibroker Library.
Learn things that work in any time frame and that work always.
Since I am not a "I DONT KNOW", I give some info here.
Following things work always.
Most fundamental thing is SUPPLY AND DEMAND condition of market.
If market is in balance and equilibrium between Demand and Supply, it goes in a range bound movement, if market is out of balance,which means either demand has beaten supply or supply overtook demand,then market is out of balance and you get trading opportunities which you must take as soon as possible.
Not knowing support and resistance means you go round the world and come back to square one.
prime concepts
1.Support and Resistance from pattern explorer
2.Fibonacci recognition from PE(shows where mkt went and where it can go-A leading Indicator)
3.BREAKOUT FORMULA(AFL example by Graham)(it works only when mkt is in breakout mood and it detects immediately)
4.Catch the first hour breakout and targets of 1.618, and 2.618 up or down,-Amibroker forums
note
If you agree with me, post thanks.
If you are hesitating to say yes or no, then God bless you to get bolder asap.