Not looked on here for a while. Hope everyone's still trading happily. Last few months the markets have been trending strongly so I've found that adding bbs of 15 (for entries)has given more opportunities with the 25s as TP levels.

I only really bother about the immediate levels above and below. If one gets broken, the next comes into play

Hi I just use the s and R as a guide. If we're right on those areas probably best to stay out but if theres room for your target no reason not to trade into them

For me, it was just the lower spreads on more pairs. On EU an UJ for example I don't suppose it makes a great deal of difference

In the period of consolidation, there were multiple opposite signals, which in itself signifies indecision. Time to stay out until price makes its move. It did, and as we know, you don't try to catch a falling knife, so best to wait and see what ...

Price had clearly broken to the upside after a considerable period of consolidation. Anything around the previous resistance ( red line)which should now lend support if it was in fact valid, would be interesting. in this case it showed , not only ...

Anyone struggling with mastering this, then this method may just not be for you. I'm not for one minute holding this up as the ultimate trading system, because it isn't. It is however the ultimate for me personally. I, however ,have no desire or ...

M5 on UJ. An example of common sense and discretion. Price had broken out of a range (the mixed signals told us it was in a range). Price has then come back to test the upper of the range which coincidentally coincides with the MAS and gives us a ...

I don't think a clear spread of less than 2 pips would negate this even on the M1 chart. Obviously the available distance to a potential TP becomes more relevant the greater the spread. Even now with the commission working out around 0.7 pips, in ...

No ,by all means do. As someone has said, S &R are far more important than the trend indicators

Hi I personally use IC Markets. They're not so much zero spread (you do see zero on some pairs) ,as low spread with around a 0.7% commission.

I think more than psychology its patience and common sense. If you look at your chart, although its ranging, the short trade in the middle was good value.I know that strictly, the MA had crossed but looking to the left there was obvious resistance ...

Hi No, I have mine set at 25 with a standard deviation of 2, set to close

Yes precisely. However on your chart a signal doesn't appear to have been generated, but it should have been. Are your bbs set correctly?

Just a pointer for those of you struggling with the subjective element of this strategy. Switch to the next tf up, and mark the nearest S or R above or below. Switch back to your trading tf, and if multiple signals are being generated (ie price ...

Not been on here for a while. Hope its all working well for you. I gave up on my S & R experiment.Was still trading this method daily alongside. Scalping is definitely the ticket. Just be in the market when you want to be.

Don't give up. Most people never realise how close they were to succeeding when they binned it. This method is very subjective but it also adheres to the normal rules of S&R. On your chart, draw in lines where price recently rejected up or down and ...