OK...I was messaged and asked how I decide PO levels.
Firstly, if there are questions, ask here, not by messaging, most of what I do will probably have been covered.
Regarding the recent question, I'll answer up to a point for obvious reasons ie it's not in my interest to detail it all, but I'll mention the route at least.
Most charts we see are complicated, and that usually leads to confusion. Removing confusion has always been my original intention, and to do that meant getting rid of superfluous 'stuff' to allow me to see only what I need to make a reasonable decision. Of course a reference is needed to help the decision making which everyone needs whether people realise that or not, and can take dozens of forms.
My preferred reference is in the form of a particular market pattern which I identify and from which enables me to project going forward. In short, it can be considered as divergence or convergence, but not in the conventional sense, in other words no macd oscillator or indeed any other oscillator is involved, because everything I need is on the main chart. Charts that I post contain the raw bones obviously, but with detailed labels of all the levels, and anyone who might have followed my trades, along with the management of them, would have found themselves in a very healthy position of profit too!
I realise my approach is unusual, nevertheless, it is my bread n butter method.....and earns me money!
Firstly, if there are questions, ask here, not by messaging, most of what I do will probably have been covered.
Regarding the recent question, I'll answer up to a point for obvious reasons ie it's not in my interest to detail it all, but I'll mention the route at least.
Most charts we see are complicated, and that usually leads to confusion. Removing confusion has always been my original intention, and to do that meant getting rid of superfluous 'stuff' to allow me to see only what I need to make a reasonable decision. Of course a reference is needed to help the decision making which everyone needs whether people realise that or not, and can take dozens of forms.
My preferred reference is in the form of a particular market pattern which I identify and from which enables me to project going forward. In short, it can be considered as divergence or convergence, but not in the conventional sense, in other words no macd oscillator or indeed any other oscillator is involved, because everything I need is on the main chart. Charts that I post contain the raw bones obviously, but with detailed labels of all the levels, and anyone who might have followed my trades, along with the management of them, would have found themselves in a very healthy position of profit too!
I realise my approach is unusual, nevertheless, it is my bread n butter method.....and earns me money!