Hi Rub and thanks for your comment. The thread isn't dead - I've another one I'm also working on. Personally at the moment I'm leaving trading alone for a few days - although SR areas are normally respected by a great many pairs, these are not ...

Support and Resistance Method - Pharley

Sure Kevin - post charts of anything that's caught your eye or some analysis if you like, no problem. Cheers Pharley

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

Hi - more or less any pairs are ok. The ones you've quoted aren't normally subject to huge moves and tend to behave themselves, so they're fine. Cheers PH

Support and Resistance Method - Pharley

HI Kevin, It's great you've read through the other thread. It's just a way of getting in multiple trades in 1 direction, following the trend, using weekly timeframes to see the big picture etc. If you can spot a good looking (potential) run coming ...

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

HI mate - yes, have a good read through. Try to spot a good looking move on the weekly timeframe charts, then plan the trades. Trickiest bit is probably the first trade entry, then trying to stay in for the long haul.CheersPharley

Support and Resistance Method - Pharley

I try to keep things like this in mind when I'm striving to get better at trading -

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

Hi Kevin and thanks, There's a great list on FF somewhere of the typical stages a trader goes through. I've read through it previously and it's pretty much spot on. At first (and for some, quite a while) it seems like 1 step forward, 2 backwards. ...

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

Thanks mate! spot on

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

Hi Kevin and thanks for your questions. I suppose everybody uses different things for their own method - what works for them and what's comfortable and useful. I tend to swap between candles and OHLC bars - I find when I use the OHLC bars I can see ...

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

HI again - ok I'll share something that I do sometimes. Especially if I just want to do a bit of set and forget on multiple trades. Attached is a 4hr pic of the gbpjpy action as per previous post. On it I've put my modified fib - I use this purely ...

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

On the 4hr chart above, here is one entry you could take after a pin bar appears bouncing down from the resistance. Target is at the next SR major level which is 1,418 pips away. Now have a look how many short trades you could have taken on that run ...

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

Hi, Someone has asked me how do I know a S/R level is significant or not. I thought I'd post something on it here. Generally, the longer the timeframe charts you're looking at, the better. If I take a weekly chart of gbpjpy (see below) and draw the ...

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

Hi Mhons - yes that seems reasonable. I've been having a little break away from fx for the last coupe of days. This week will probably give some nice opportunities but I'm sort of staying out of it. Mainly the GBP pairs could be very volatile with ...

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

Well done with that one!

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

Hi Albert - It looked as though that one worked out well - how did it go? Cheers

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

Hi - yes of course there are minor trends within larger trends. It all comes down to what you want to trade. E.G if you want to trade the 15m chart, you probably want to take the trend from the 4hr charts. If 1m, then probably a 1 hour chart trend. ...

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

HI - for those wanting to have a look at how I enter multiple trades using minimal risk and moving stops, have a look at my other thread url which shows everything there on the first few posts. Oh I forgot to say - you can flick through the thread ...

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

HI - see below. I can see eurusd in a rising channel at the moment. But I don't think I'll be trading anything this week. The slightest rumour on the Brexit front may send prices crazy. I prefer to wait until things have calmed down. Cheers

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

Hi King, When entering a 2nd trade, I move SL from the first trade to the SL location of the second. Sometimes that means the SL on the first trade is in front of entry (I can't lose on that trade), sometimes at BE, sometimes it isn't fully safe ...

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

Hi Jgadefelth, The only way I determine if it's trending is to look at the larger timeframes like weekly or daily. I can determine form those charts which way the market is going, and where price is in the market structure. Attached is a pic which ...

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