Hi Timilehin and thanks for your question. See charts below for week,day, 4hr and 1hr. All I can say is the type of PA that the pair is currently in - a range - I keep well away from. I need to see it trending before I'll take a trade on this one. ...

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

Hi - see post number 285 above as it shows exactly that. Cheers Pharley

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

HI Timiehin - I don't understand the question my friend.

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

Hi Ramzam, Sorry to hear that mate. Can you post a chart of what you did and I can take a look, perhaps give some advice? Cheers Pharley

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

Hi Specul8r, Yes - just using higher levels timeframes to set major SR areas then moving down to 1hr charts (or 30m, 15m) to look for entries. Some have even shown 5m entries! Cheers Pharley

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

Hi dbest, I use the higher timeframes for a couple of things. When you're looking at higher TF's, you can more easily see the direction of the current price action. It gives me the direction bias I"m after. When I draw the major SR areas in around ...

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

THis to do with the microsoft announcement of taking over linkedin? Massive!

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

Yeah- something happened - a lot of pairs have gone crazy. Why?

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

Could be interesting -

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

You go for it Albert - the very best way to test these things is to do it live with small lot sizes - minimal loss if things don't work out. There's millions of different ways to trade - it's finding something that works for you and mastering it ...

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

Hi Albert - ah now I understand. I hope it work well for you mate - personally I'd take off the stochs and just trade the PA, but I'm not here to tell anyone "should do this, do that". If something works for you, then terrific and go for it! If this ...

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

That's good Saruhn - any time we're not comfortable trading we should leave it for the day and pick up again when we see good trades. A valid stance to take. Cheers!

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

Hi Jack - that's a good example of this method with a 5m chart! I'm pretty sure it works with all timeframes so if someone is partial to a bit of 1m or 5m scalping, it could be pretty successful for that as well. Thanks Pharley

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

Hi Albert - can you let us know what makes you buy at that point? Just trying to understand your system. Cheers Pharley

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

No worries Albert - try to check the higher TF from weekly down - you can really see what's happening and it can save your bacon!

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

Hi all - thought I'd do a quick post on what I"m doing on weekly, daily and 1 hour charts. I've just done this for someone else, but it may be useful here. I look at the weekly chart first - see pic 1 which is GBPJPY. I draw a couple of S/R areas ...

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

Hi Albert, Thanks for your post. You'll probably find that the stochastic, although useful in some aspects of trading, doesn't really deliver what it promises. Looking at your chart, I flicked open my chart on the NZDCAD (not a pair I trade) and can ...

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

Good one RM! Nice areas marked out.

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

Hi all - gold just had a nice move up. Not sure if it will retrace back to the break level (which also happens to be a 50% retrace level). Cheers Pharley

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

HI yeah I did on the gbpjpy

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