saintfaculty: Now, we have learnt how to
* Obtain High, Low and Close for the Day
* How to use high, low and close to get R1-R4 and S1-S4
* How to add the R1-R4 and S1-S4 into the CHART
Then, what next?

This is the main part of the Tutorial, just read carefully.....


* Since we are dealing with Rise and Fall, how do we know when to chose rise or Fall. just know the bellow rules.

* Know this rules like the back of your palm....

RULES NO. 1
* IN OTHER TO CHOOSE RISE

* when a bearish candle(white candle) hits support and closes on the support, the next candle should be BULLISH (clear candle), so you trade for the market to go UP immediately after the close of that candle for 15 mins. i.e, it will rise for 15 mins.

* Note:
a. The candle MUST close on the support level OR...
b. It must have touched the support level at sometime and closed as a BEARISH candle

However, if it passes through and closes beyond the support level, it's a NO TRADE.

IN OTHER TO CHOOSE FALL
*When a BULLISH candle(CLEAR CANDLE) hits resistance and closes on the resistance level, the next candle should be BEARISH (white candle), so you trade for the market to go DOWN immediately after the close of that candle for 15mins, i.e it will fall for 15mins.

Note
*The candle MUST close on the resistance level OR...
*It must have touched the resistance level at sometime and closed as a BULLISH candle

However, if it passes through and closes beyond the resistance level, it's a NO TRADE.

Please note this rules, if you must succeed with this strategy

willscolf: saintfacaulty thanks 4 dis incredible tutorial,may GOD bless u evn more.i downloaded d calculator(d 1 for desktop) usin d link u posted above bt i cnt open it wit ms excel afta i installed it instead d installed icon ws d 1 i cud open nd it seemed slightly different 4rm d 1 u opened in dis tutorial wit excel coz stuffs like R4 and S4 seems missin.pls help me on dis

saintfaculty: As u can see, we dont need any technical indicators such as RSI, Bollinger Bands, MACD or any of those softwares, i dont use Binarywealthbot again pls, i used it b4, i didnt say its not working, but i quit using softwares.... This is the best so far....

HushedAssassin: Lost this one:

saintfaculty:

Can u upload the screen shot of the chart you used to place that bet?

saintfaculty: see another opprtunity forming, i didnt see it in time



Sure Fall for 15 mins....

saintfaculty: Like i said before, Loses are inevitable, take a good look at the chart i uploaded below, and see.....

HushedAssassin:

Sure. I placed a fall bet when this candle closed

saintfaculty:

Its so unfortunate that u started with a lose, its your choice, u either continue or quit.
peace

saintfaculty: Hey! if you have not learnt what a bearish and bulish candle is, it will affect you in this, just know that a bullish candle(clear candle) will rise, will the brearish candle(white candles) will fall.

Note:
* From the values u have, u will know which one is support, which one is resistance.
* When a Bullish candle passes a Resistance line, that line become a support for a Bearish candle

Look at the image below


Do u understand it? if yes, CONGRATULATIONS.....

saintfaculty: I noticed something, pls make sure you are there when a candle stick started forming before you start considering it, reason because, remember our rules, if a bearish candle breaks a resistance and closes there, its invalid, some start from below a resistance level and trys to touch another resistance level, when u see it u will be tempted to enter a trade with it, if u do u will lose....

sunwalk:

now u are giving him a reason to be discouraged just after u encouraged him. guy the thing dey work just that losses are not avoidable. you hear??

saintfaculty: I think i want to sleep now, will be waking up by 1:00am to setup my charts.... see ya