Hi Aaeran, I don't have that pin appearing on my 4 hr chart - must be different server times. But on yours it looks interesting and sure the target is fine. It's probably better to try and enter off major S/R areas - see daily and 4hr charts below ...

Support and Resistance Method - Pharley

Hi all - wow there are lots of messages and comments. I'll try to get through them. Cuchuflito - thanks for your comments. Note that the risk is only the risk you're willing to take and I start initially with half my normal risk - normally 3%, then ...

Support and Resistance Method - Pharley

Yes that's right mate - everyone is different and if something is working for someone, then go for it and good luck. I just prefer to keep it simple like yourself. But I used to have charts like that - full of indies & MA's, now honestly, if I see ...

Support and Resistance Method - Pharley

Hi Tibovwh, Thanks for your posts. However, I just don't trade like this at all and some of the things you've put on I have no idea what you're talking about. What's a PT, a RN etc. And I don't look for AB=CD etc etc. Charts - oh I like them empty - ...

Support and Resistance Method - Pharley

Hi, The Supply Demand (SD) way of trading is very valid and is very much related to trading with Support Resistance (SR). When you think about it, trading using SR is virtually the same - we're both spotting areas in the market where supply or ...

Support and Resistance Method - Pharley

Yes that wedge is interesting. Price is hanging around where I bought. We'll see what happens - anything can of course! Right, bedtime for me. Thanks to all for contributing and I'll catch you all tomorrow. Cheers

Support and Resistance Method - Pharley

Yes, I see what you mean. Below is the same but with a weekly resistance turned support I have - that's the reason I entered. Hopefully it will retrace to the breakout point and bounce up. If not, never mind - minimal risk taken. Oh news is out in 3 ...

Support and Resistance Method - Pharley

Someone please come up with some good captions for this one - it's terrific!

A Traders Life

No, I use the 50%. Sometimes it doesn't get to the 50% level, but I don't mind - I'll wait for the next set up to appear, either another retrace or a close on the 4hr above yesterday high. There was one I did not long ago (I think I posted a pic of ...

Support and Resistance Method - Pharley

Yes mate - down about 2 or 3 pips as I write this!

Support and Resistance Method - Pharley

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A Traders Life

Thanks Wiz - may be useful.

Support and Resistance Method - Pharley

Keeping my eye on this one:

Support and Resistance Method - Pharley

Hi mate - good to have you on board. You say it all in your profile - PA and keep it simple. That's all I try to do - analyse the PA and S/R, enter multiple times and manage the risk. Great news if it can help you get some cracking trades! Cheers

Support and Resistance Method - Pharley

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A Traders Life

Ok thanks Wiz. Sounds reasonable.

Support and Resistance Method - Pharley

Me either mate - I'm thinking of putting one in just to see what it does! Oooh, US retail sales and unemployment coming up in a couple of hours - probably means not much price movement for a while. I don't trade news events - just let the price ...

Support and Resistance Method - Pharley

Hi T12 - If you're not sure how to do that, use a calculator. I use something like babypips as a position size calculator: url Once you've got the SL distance in pips - fill out the calc and it will tell the position size.

Support and Resistance Method - Pharley

LOL - now you're just taking the p***!!! Good fun!

Support and Resistance Method - Pharley

Gee that hurts my eyes! Thanks for the post though.

Support and Resistance Method - Pharley