Replies to post #121693 on Simple's Green Room

[simplegreen]

GM Qui..annotated chart wouldnt help much on this setup...pretty well have to be a video so a live chart condition could be seen and traded...one thing about annotated charts is you can see cause and effect when support or resistance is hit but theres no guarantee the next effect will be the same results..IOW an MA 50 or 100 will be resistance on a downward move til it no longer resists!You cannot be guaranteed that every touch yields predictable results.On an annotated chart you can show the past but cant guarantee the future.Using these Bid/Ask lines and SimpleSticks pretty well has to be shown on a live chart.The best way to learn it is to build the template then trade it on demo..the chart teaches itself.
BTW the time frame for the day on EUR/AUD is M15 if youre trading that one.