Terrific Vlad - glad that one worked. Nothing wrong in taking profits off the table or moving SL when big news is due. Great stuff!

Pharley Simple system - Get your levels right for trading S/R

Hi - I've sent you a pm. Cheers Pharley

Does anyone make money out of Forex Trading?

Hi fx - I use the daily, 4hr and 1hr only. Daily to get major S/R, 4hr and 1hr for the minor S/R. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Hi all, Well this has got scrappy pretty quickly. There are a couple of questions above wanting to learn more about this system, but as another system has been posted in this thread, I don't know if people are referring to this other system or not? ...

Pharley Simple system - Get your levels right for trading S/R

Hi Eco, Yeah I prefer no indicators, just using major and minor S/R areas to identify trend and entries with this method. Simple. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Hi all, Remember to always take in to account the longer timeframes. It's worth looking at weekly, daily and 4hr charts to see strong levels. Here's an example - Pic 1 is a 1hr chart of gold. Trade taken on retrace and the target is way off. Pic 2 ...

Pharley Simple system - Get your levels right for trading S/R

Hi fxtrader, Thanks for the comment. Yes there are quite a few good threads related to this sort of thing. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

HI Sajid - yes the non farm and unemployment rate are tomorrow (Friday). Today is ADP NF employment change and unemployment claims. All red flag items the lot of them! Cheers

Pharley Simple system - Get your levels right for trading S/R

Just remember to be careful - we've got non-farm employment and unemployment claims news out in a while. Always red flag items. Things can get a little slow re volatility leading up to these. Cheer Pharley

Pharley Simple system - Get your levels right for trading S/R

Hi Jack, As I write this it's already moved south by about 13 to 15 pips and is now down near a minor support. Interesting if it tries the break southwards further then retrace. Keep an eye on it and don't do anything hasty. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Hi Free and thanks for that link. I'll have a good read of it today - I just had a quick look and it seems like good stuff. Again it's a tweak around break through and retrace I think. That type of PA happens so much that many people see it and ...

Pharley Simple system - Get your levels right for trading S/R

Oh Jack don't worry - heaps of them about but yes it's frustrating at times. I also miss loads of them - e.g. one of our kids is sick at the moment. If it were me, I'd have man flu and be bedridden for days! But what that means is I didn't have much ...

Pharley Simple system - Get your levels right for trading S/R

Hi Sajid, Great to have you here again! Not sure what happened - the wonders of modern tech! Thanks so much for posting your method - it looks great and based on some sound principles. I think you could take a basic break and retrace type method and ...

Pharley Simple system - Get your levels right for trading S/R

HI Jack, That 4hr chart looks interesting in terms of a retrace to level. If price gets above that daily chart resistance things could get interesting. Either look to short around there or if a breakthrough, look for the retrace. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Terrific mate! Really only need a win a day or so to make good. Keep it going. It's really good to see some positive results. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Ah well, hope he makes a motza - all of us too !!

Pharley Simple system - Get your levels right for trading S/R

Gee I was hoping Sajid would post something. He sent me an email saying he had won a lot yesterday. I asked if he would post charts on here so people could see entries etc. Next thing I know, he's unsubscribed. Oh dear.

Pharley Simple system - Get your levels right for trading S/R

Hey US! - Well done! Got to be pleased with that mate!

Pharley Simple system - Get your levels right for trading S/R

Hi mate - well done on the win! Don't forget to look at a higher timeframe to see what the potential TP could be - below are a 4hr chart with a possible TP (S/R) area shaded and another of the 1 hr chart with 3 possible trades. Cheers Pharley

Pharley Simple system - Get your levels right for trading S/R

Yes its can be hard, as with anything. Yes I still trade using this, and 50% retracements, break of S/R and retrace entries, pin bars etc. Hope all are doing well. Cheers Pharley

Support and Resistance Method - Pharley