The >> Key-Levels << that I watch in My Technical Analysis are strictly correlated with the Trading tools and Instruments that I use.
What I haven't posted until now is the fact that I use >>2 Time-Frames (4 Hours and 1 Hour, or Daily and 4 Hours) and 2 Constant Range Bars charts setups (35 Pips and 15 Pips)<< to enter the Market.
The Bigger Time Frame or Range Bars Charts Setup is called the SETUP Chart.
The Entry/Timing, smaller time-frame or Range Bars Charts setup is called the TRIGGER Chart.
Key-Levels for the Setup Charts:
- Pivot Points (Daily, Weekly and Monthly - Main Pivots, 3 Supports and 3 Resistences),
- Fibonacci Retracements (during a Trend),
- Simple Moving Averages (30,50,100 and 200 SMA - also effective during an Uptrend or a Downtrend),
- Trendlines and Channel Trendlines (During trends and Congestion areas),
- Support and Resistences
Key-Levels for the Trigger Charts, besides the ones from the Setup Chart:
- Different SMA's (the same setups 30,50,100 and 200SMA) - signal confirmation,
- 5 and 13 EMA cross - signal confirmation,
- RSI - Trendline Break-out, False Break-out - entry/exit confirmation,
- ABCD or 123 Patterns - entry/exit confirmation,
- sometimes MACD (convergence, divergence, trendline break-outs) - confirmation.
I correlate the Instruments Above with Volumes Analysis and Candlestick/Bars Formations.
To enter the Market the Trend on the Setup Chart has to be Correlated with the Trend on the Trigger Chart (correlation of the Signals).
>>IMPORTANT<< : I use Different instruments according to the Market Conditions. I use some of the Instruments - all the Time, Some of the Tools for some of the Time, All of the Instruments for a period of time, Sometimes No Key-Level if I trade "Naked" (Based only on price action and Volumes), but I think to Cannot Trade all the time without using these Tools .(after a Quote from Abraham Lincoln).
>>So, Key-Levels are Market Points that give the Price/Time Movement a certain order for the traders to see the Levels where there could be important changes in the Price Action.<<
To Your success,
Doctortyby
What I haven't posted until now is the fact that I use >>2 Time-Frames (4 Hours and 1 Hour, or Daily and 4 Hours) and 2 Constant Range Bars charts setups (35 Pips and 15 Pips)<< to enter the Market.
The Bigger Time Frame or Range Bars Charts Setup is called the SETUP Chart.
The Entry/Timing, smaller time-frame or Range Bars Charts setup is called the TRIGGER Chart.
Key-Levels for the Setup Charts:
- Pivot Points (Daily, Weekly and Monthly - Main Pivots, 3 Supports and 3 Resistences),
- Fibonacci Retracements (during a Trend),
- Simple Moving Averages (30,50,100 and 200 SMA - also effective during an Uptrend or a Downtrend),
- Trendlines and Channel Trendlines (During trends and Congestion areas),
- Support and Resistences
Key-Levels for the Trigger Charts, besides the ones from the Setup Chart:
- Different SMA's (the same setups 30,50,100 and 200SMA) - signal confirmation,
- 5 and 13 EMA cross - signal confirmation,
- RSI - Trendline Break-out, False Break-out - entry/exit confirmation,
- ABCD or 123 Patterns - entry/exit confirmation,
- sometimes MACD (convergence, divergence, trendline break-outs) - confirmation.
I correlate the Instruments Above with Volumes Analysis and Candlestick/Bars Formations.
To enter the Market the Trend on the Setup Chart has to be Correlated with the Trend on the Trigger Chart (correlation of the Signals).
>>IMPORTANT<< : I use Different instruments according to the Market Conditions. I use some of the Instruments - all the Time, Some of the Tools for some of the Time, All of the Instruments for a period of time, Sometimes No Key-Level if I trade "Naked" (Based only on price action and Volumes), but I think to Cannot Trade all the time without using these Tools .(after a Quote from Abraham Lincoln).
>>So, Key-Levels are Market Points that give the Price/Time Movement a certain order for the traders to see the Levels where there could be important changes in the Price Action.<<
To Your success,
Doctortyby