Presage is a scammer. Do business with them at your own risk!! I paid them for a one year subscription to their indicator and it they delivered an indicator that only worked for 2 months. Initially they setup the indicator on my PC and where completely oblivious to the fact that me being in a different timezone would affect the indicator and give completely different results than theirs. These guys are bungling *****s and they refused to refund me for the 10 months left on my subscription.
Looks like COG (Center of Gravity) trading, I can't remember the exact thread that has COG shared here on II. You may need to do a search for either "Center of Gravity" or some system by the name of "MBFX". (or something like that)
"A support level is a historical price that traders come in, and buy to "support the market" – and the more times it’s tested, the more valid the support will be.
Conversely, a resistance level is a level on the charts that "resisted prices from moving higher"- again the more times it’s tested, the more significant it becomes."
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Supposed trading axioms like the two above do not hold any water when one actually begins to look into what is actually being said.
Here is the actual fact: The more times an area of support or resistance is tested the LESS significant it becomes and the more likely
it is to be broken. Markets are the arena within which the Law of Supply and Demand operate. A support level is formed when Demand
finds a price level where it overtakes the current amount of Supply. Every time a support level is retested, the Demand that existed at
that level is getting closer and closer to being exhausted. Every single retest of an area of support or resistance only serves to weaken
the forces of Demand or Supply that once existed at that level that originally caused it to become support or resistance. This causes
that price level to become LESS significant and much more prone to being violated.
4xgump got a reaction from rick1713006413 in [req] presageforex signal software deadly accurate with buy sell lines
4xgump got a reaction from alansim in Forex Trading Strategy - the Secret of Timing
