Disliked{quote} Hi Vlad - just watch out for entering long in to any potential resistance areas. I just had a quick look and could see this (below) on a 4hr chart. Sometimes though, no matter what you do trades don't work out. {image}Ignored
Support and Resistance Method - Pharley 708 replies
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Disliked{quote} HI mate - yes it looks right. If anyone wants to know more I can start a different thread for that one as I want to keep this one for the method described on page 1. Then eventually I may create a thread to bring everything together! Cheers PharleyIgnored
DislikedMy GBPJPY Long entries. Because of the start of Holly month of Ramadan, I was not able to manage time for trading. But this evening I caught this entry. It was straight in profit as whistle. I placed the Pending Long after Yellen was not able to create great impact. Opened two positions, Will close half of the position on the Blue line shown in pic. So i will be automatically on B.E. Brothers, It's not the only thing to see only Support , Resistance. Because Support, Resistance is not a fixed price , Its in fact a zone. Try to investigate where...Ignored
Disliked{quote} Hi Pharley, I guess it will be very valuable if you will put all together. You said earlier that we always have to consider trend and major S/R areas on daily TF. So it means that you enter on position on H1 only to direction with trend? I saw few pics from you where you entered countertrends position also. Could you explain it a little bit more? THank you.Ignored
Disliked{quote} Thanks Sajid for sharing your thoughs around your trade and also for giving insides to your approach regarding the round numbers, very interesting, I will consider this in my plannings.Ignored
DislikedNot a pair I normally look at, I might change my stance having seen this. {image}Ignored
Disliked{quote} HI Rub, How did you go with the USDCAD? There was a slightly earlier trade that could have been had on the 1 hr chart. I can see a retrace on the current PA on a 15 min chart but not the 1 hour. Cheers PharleyIgnored
DislikedHi Pharley, 2nd day using your method, :-) happy to share the success with EJ. Set for GU but did not trigger else would have made more pips (demo at this moment but still am glad). A question i have is, is there a diff where you mark the close or high as S/R? The way i see it, is that there is a group out there who prefer the close and another who prefers the high and one of these groups win and they takes turn. So i subjectively use the close or the high depending on the chart at that point, am i right to say that? {image}Ignored
DislikedNot a pair I normally look at, I might change my stance having seen this. {image}Ignored
Disliked{quote} It hasn't triggered yet, got the order in at 1.2795 with a 30 pip stop.Ignored
DislikedNU pair . 30 pips taken .. im using 21 simple moving average line in 1hr time frame {image}Ignored