[quote=fxgroup;5087891]
Hi fxgroup and msmarple. Fxgroup, I think with your chart in this post, you really answered my question. You showed a DAILY S/R line and NOT the M and W level. As I only looked to the M and W levels before, I missed a good and relatively sure trade. And now with this chart, you are confirming the importance of the DAILY S/R lines too, as msmarple also says.
So, I want your opinion about what I believe to be true: If we make our entries on the daily chart, we only look at the PA at the RECENT daily S/R lines (the better if they are confluing with M and W). That means: because our entry is on the daily chart, daily S/R is more important than M and W. But the previous M and W and also D lines are important for our targets. Otherwise previous M an W lines are important as they are an alert for a possible trade, when price is approaching them. Would you agree?
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I read another time your post and looking at the chart I realise how important are the O/C of the candles/swings but most of all why I use it so much !Ignored
So, I want your opinion about what I believe to be true: If we make our entries on the daily chart, we only look at the PA at the RECENT daily S/R lines (the better if they are confluing with M and W). That means: because our entry is on the daily chart, daily S/R is more important than M and W. But the previous M and W and also D lines are important for our targets. Otherwise previous M an W lines are important as they are an alert for a possible trade, when price is approaching them. Would you agree?