Hi Maddin, Many thanks for your analysis. Always nice to get upwards of 300 pips for a week. Very nice. Yes I absolutely agree that there must be space on the daily chart for a trade to play out, otherwise you're just trading in to a S/R area and ...

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

Hi Chris, Thanks for your input mate. I'm not that keen on using indicators, but if it works for you, that's great. I had a quick look at the ZZ with those settings on daily, 4hr and 1hr charts and I can see it misses quite a few, especially on the ...

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

Hi Saruhn, LOL - yes a bit of good luck there, but at least you were positioned in the trade. Sometimes that happens! Sometimes it goes the other way though!

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

Hi Jack - well done mate on that little cheeky 5m trade!!

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

Hi there, Re Vlad's indicator - it's not bad. Some of the levels might be missing, but by all means give it a go. I prefer to use my eye with these levels. Sideways markets - Well it depends. If there is a clear range and the volume is there to move ...

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

Hi Schrupper and welcome. While that setup seems valid, when you look at the daily chart, you can see price is down near some major support. Price is currently ranging between about 153 and 162.50. Yes that's a big range, but as price is at the ...

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

Well done Saruhn - glad you're getting those pips and $ out of it! Cheers Pharley

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

Hi Max - that's fine mate. We're all here to help one another. You're right in pointing out (for any trade) look to the major S/R areas and where price is now - does it have room to move a goodly amount of pips before perhaps getting stuck or ...

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

Hi ramzam, Hard to tell from that 1 pic. I don't have access to copper charts and never traded it. I can see where a short would be but with the PA on the left so close, it's not worth it. But I can't tell from the picture if that's major S/R or ...

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

No worries. You've been around long enough to know that the simpler the better! I hope heaps of pips are coming your way! Cheers Pharley

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

Hi fxrabbi - a nice lot of pips! Cheers Pharley

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

Hi Bagong - get those $ anyway you can!

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

Interesting article - doesn't talk about fx or trading, but is applicable in every way. url

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

Hi all, Take your direction from daily and use 4hr and 1hr for entries. I posted a very simple system here - url that many people are now using and making good pips and $. Cheers Pharley

which time frames to use

Hi, I posted a very simple system, no indicators, that just works. I can't make it any simpler. If anyone is struggling, please take a look at this thread - url Lot's of people there making good pips and $ and it's o simple to follow, based on ...

anyone need help?

HI all - I see so many potential set ups this morning that should be watched today. Too many charts to post, so here is a list as I see them right now - AUDNZD AUDUSD EURCAD EURGBP EURUSD GBPAUD GBPCAD GBPCHF GBPJPY GBPNZD NZDUSD USDCAD USDCHF ...

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

HI Mhons, Nice chart mate - and well done on your trades. It's great to see so many good trades with this method. And it's also terrific to see that people are seeing what I saw when I was originally looking at this simple method. It's ok describing ...

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

Hi US, That's great news - again! Keep watching that pair - could be more room to move yet. Cheers Pharley

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

Hi Songok, I can't really give a stat for just this method as I use a variety of methods to trade such as this one, 50% retracements (a couple of different ways), using pin bars, inside bars, first touches off major S/R. So the stats I have cover ...

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