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johnlucas
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Hello everyone, I would like to ask if someone could help me to create a simple indicator that draws a sign on the chart (i.e. any kind of mark or vertical line) when X bars (to be specified by user) have passed since the price last touched the 800 simple moving average (SMA) on the timeframe of the current chart. When that condition happens, then the "counter" should be re-set to zero and start counting again. That indicator should also be applicable to historical charts. Thank you in advance, Gianluca.
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Apart from the very good books and advices given, I would like to share on fundamental truth, in my opinion, that makes all the difference: choose a trading approach that suits your psychological profile and risk tolerance. Good luck! John.
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Hi, I suggest "Enhancing Trader Performance" by Brett Steenbarger, cheers, John
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May I ask a silly question? since spot and fx futures prices follow each other, are the support and resistance levels to watch the same? For example: when trading spot forex, some currency pairs show a tendency to rebound to round numbers more than others. If a "spot" pair rebounds when hitting a round number, what happens to the correspondant futures fx pair at the same moment? should one treat Fx Futures as "Spot prices + forward points" for charting and trading purposes? thank you, cheers, johnlucas