Here's 3 on a 15min GBPNZD chart, then the same pair showing one on the 1hr chart (I've left the writing in from the 15 min chart) There are tons of these everywhere and every timeframe.

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

Hi Earlroy - flip trades are where (for example) a support has been established. Price moves back to this support area and moves through it. As we know, once support is broken it becomes resistance. Price will MANY times move back to this point of ...

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

Hi Kevin and thanks for your questions. I also look at Daily and weekly charts and if you look at that timeframe with a 50SMA it shows a different picture to the 4 hr chart of course. Price had previously seen a huge drop thanks to Brexit and had ...

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

I often look at these types of trades across multiple pairs and ask myself, does it need to be any harder than that? Remember to keep things as simple as you can. Cheers Pharley

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

And just for fun a few on the 15min UJ chart

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

Here's a daily chart of USDJPY and the same time on the 1 hr chart.

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

A few on USDJPY 4 hr. Once you start spotting these, you'll see 1) how well they work, 2) how often they happen

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

Here's a few on GBPAUD 1hr

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

For flip trades I'm looking to take trades on weekly, daily, 4 hr and 1 hr charts. There are heaps of them on 1 hour charts. The moving average is just an indicator to me to see if price is rising or falling - it's a SMA50. Try looking on EURAUD, ...

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

Here is one of the days with target shown

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

Hi - here are some flip trades on the GJ for the last week on the 1 hour chart.

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

Hi Earlroy, The strategy I posted on page 1 is still valid and I still use it. What I just posted about GBPJPY during some pretty extraordinary circumstances is something a bit different but not that much. I have a variety of approaches to trading - ...

Support and Resistance Method - Pharley

Besides the pin bar, there was also a nice break and retrace on the 4hr and 1 hr charts on GBPJPY - you can see the area below. These are 2 major things I look for - pin bars and break and retrace. The other major things are 50% retraces, inside ...

Support and Resistance Method - Pharley

Hi Kevin, Thanks for your post. Yes I've been asked a few times to do one and haven't got around to it. At the moment I'm trying to stay away from doing a web blog - I just haven't got too much time currently to give to that. Perhaps in the future. ...

Support and Resistance Method - Pharley

Agree 100% with the thread title. Heaps of good learning resources out there - don't pay for it. Just focus on the basics.

No One Should Ever Pay For A Beginner Course

Thanks for that - hope you get something out of it!

Support and Resistance Method - Pharley

Hi all, Long time no write. I hope people have been looking at SR levels, waiting for a decent candle (pin, 2-bar reversal etc) and getting in with some wins. Remember - keep it simple. Cheers Pharley

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

Hi all, Been having some time away from trading for a few days - refresh the batteries etc. Actually this weekend I'm off to see the folks on their farm - no internet, limited mobile etc etc. That'll test the trading patience! Cheers Pharley

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

Excellent! Well done mate.

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

Hi earlroy - yes they look fine Things are still a bit up in the air for now, so be careful. How is your G/J trade going? Looks like it went into some good profits. Cheers Pharley

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