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What Is an S90/Crossover and How Was It Discovered?
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In 1997, I took a forex course from an
individual who understood the mathematical and traditional
concepts of the forex like no one else I have ever met. I paid
$10,000 for the private session. Everything he said impressed
me, because I knew absolutely nothing about the forex at that
time. The two-day seminar was conducted by book only and
involved a lot of mathematical concepts and formulas that I had
never heard of before in my life. more
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RESISTANCE IDENTIFICATION IN TRADING RANGES WITH NEWLY FORMING RESISTANCES
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Resistances, for the purpose and application
of the S90/Crossover within a bear trading range, are indicated
by a grouping of five (or more) candlestick bodies with the
center wick(s) being higher than the tops of the two candle
bodies or wicks that have previously formed to the left and the
two that subsequently form to the right.
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APPLYING FIBONACCI LEVELS
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The Fibonacci 50 area of a trading range
may offer an S90/Crossover support or resistance for the
birth of a new future entry or target, depending on whether
the future contact level is breached legally. If the level
is a Fib level, then its strength increases. The five levels
of a trading range that have increased sensitivity are 25
percent, 38.2 percent, 50 percent, 61.8 percent, and 75
percent of the measured range. Resistance and support levels,
or S90/Crossover birth levels, may coincidentally occur at
the levels.
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- LET’S
GET STARTED: USING CANDLESTICK CHARTS
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For the purposes of the following
explanations, Japanese candlestick charts will be used to
illustrate the S90/Crossovers. At one time in history, the
Japanese actually measured grain and other commodities using
real candlesticks. When computers and charting software
applications began appearing throughout the world,
candlestick software was developed and then used to measure
the massive data feeds as well.
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TRADING RANGES WITH NEWLY
FORMING SUPPORTS
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Supports within a bull trading range,
much like the resistances in a bear trading range, are also
indicated by a minimum grouping of five candlestick bodies
with the center candle(s) or wick(s) being lower than the
bottoms of the two candles to the left and to the right.
more
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Trading ranges with newly forming
supports, for the purpose and application of the S90/Crossover
within a bull trading range, are indicated by a grouping of
five or more candlestick bodies with the center wick(s)
being lower than the bottoms of the two candle bodies or
wicks that have previously formed to the left and the two
that subsequently form to the right. When the market is
bullish, then we look for supports to mark within the
bullish trading range.
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