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One Level

  • #1
  • First Post: Dec 9, 2016 1:44am Dec 9, 2016 1:44am
One Level....



So, post one level per pair. You have a level about and below the market, choose one. The money level, the level that if you get a chance your gonna lay some decent cheese on. Doesn't matter what it is, Fib, open, close, Pivot, whatever. Post a chart if you like. No explanation need. No need to post your SL or TP. No follow up on the trade/level either. No fundamental analysis. Keep it short and sweet.

Don't post a level that's 10 pips away, doesn't no one any good. And don't repost a level that got hit, unless you are planning to reuse that level. If your looking to buy a pair, and for some reason you are flipping to looking for shorts, by all means post your new level...but again, just one level at all times.
Look Sharp/Trade Tight
  • #2
  • Dec 9, 2016 1:48am Dec 9, 2016 1:48am
Ok, its Friday, and after looking at everything, I don't see much that's interesting, except in cable. I'll look to be a buyer at 1.2468. That's it. Period.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 53 KB
Look Sharp/Trade Tight
  • #3
  • Dec 9, 2016 2:21am Dec 9, 2016 2:21am
another one that I will go on today is 113.98 in the yenski...worth some cheese laying...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 55 KB
Look Sharp/Trade Tight
  • #4
  • Dec 9, 2016 2:31am Dec 9, 2016 2:31am
Well that's clearly it on my end for today, nothing else worth mentioning. The floor is yours, don't be shy...
Look Sharp/Trade Tight
  • #5
  • Dec 9, 2016 4:32am Dec 9, 2016 4:32am
Something to look at!
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPYproDaily.png Size: 49 KB
  • #6
  • Dec 11, 2016 1:50am Dec 11, 2016 1:50am
one good level on the USDCHF....
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 50 KB
Look Sharp/Trade Tight
  • #7
  • Dec 11, 2016 10:13am Dec 11, 2016 10:13am
Quoting PayTheLimit
One Level.... So, post one level per pair. You have a level about and below the market, choose one. The money level, the level that if you get a chance your gonna lay some decent cheese on. Doesn't matter what it is, Fib, open, close, Pivot, whatever. Post a chart if you like. No explanation need. No need to post your SL or TP. No follow up on the trade/level either. No fundamental analysis. Keep it short and sweet. Don't post a level that's 10 pips away, doesn't no one any good. And don't repost a level that got hit, unless you are planning to...
I'm curious what are your levels based on?
  • #8
  • Dec 11, 2016 10:28am Dec 11, 2016 10:28am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow1.png Size: 68 KB


So many levels
So little time.
Sorry.
Could not resist.
Cheers!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9
  • Dec 11, 2016 10:35am Dec 11, 2016 10:35am
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 25 KB


How about one level for buying and one level for selling?
Use the highest/lowest H1 open for the day.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #10
  • Dec 11, 2016 4:54pm Dec 11, 2016 4:54pm
Quoting MCFly
{quote} I'm curious what are your levels based on?
A variety, surely. I use both made up levels, Fibs, pivots, etc, and real levels, highs, lows, closes, etc. I generally like levels from the weekly and monthly bars, I find them most reliable.
Look Sharp/Trade Tight
  • #11
  • Dec 11, 2016 4:59pm Dec 11, 2016 4:59pm
Quoting TooSlow
{image} How about one level for buying and one level for selling? Use the highest/lowest H1 open for the day.
Yes, well having a good level to buy, and one to sell is fine. But still, one is better than the other, no? I mean, if you could only trade one of the two, which would you choose? I'm of the opinion that all levels are not created equal.
Look Sharp/Trade Tight
  • #12
  • Dec 11, 2016 5:06pm Dec 11, 2016 5:06pm
I'll go on this one in the Yen this week if we get a chance...think I mislabeled and mistyped it in the prior post....
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 53 KB
Look Sharp/Trade Tight
  • #13
  • Dec 11, 2016 5:30pm Dec 11, 2016 5:30pm
Quoting workingforex
Something to look at! {image}
Let me say this about this level, and I'm not picking on you. Everyone wants to pick the high. Everyone wants to be a hero. I've been guilty of it more than most. But I've grown tired of it to be honest. The risk/reward on these plays can be fantastic I know. But the odds are long too. Your trying to stop a runaway train, with a level from April, in a cross that probably has very little actual orders in it. Seems like a long shot. Wouldn't it be perhaps better to try finding a spot to join the short/medium term trend in a pair that has a much heavier order flow? Part of my point that all levels are not equal I guess. Anyway, there is not right or wrong way to trade, despite what you might read on FF. If I had to take a short on that pair, I'd try at 88.87 I guess. Either way, good luck mate....
Look Sharp/Trade Tight
  • #14
  • Dec 11, 2016 5:53pm Dec 11, 2016 5:53pm
Quoting PayTheLimit
{quote} Yes, well having a good level to buy, and one to sell is fine. But still, one is better than the other, no? I mean, if you could only trade one of the two, which would you choose? I'm of the opinion that all levels are not created equal.
Which one to choose?
Price above the H1 highest open - short at the H1 highest open.
Price below the H1 lowest open - buy at the H1 lowest open.
Price between the opens - wait.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #15
  • Dec 11, 2016 5:54pm Dec 11, 2016 5:54pm
Quoting PayTheLimit
I'll go on this one in the Yen this week if we get a chance...think I mislabeled and mistyped it in the prior post.... {image}
Appears to be the missed daily pivot from Friday.
Price will head that direction.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #16
  • Dec 11, 2016 5:55pm Dec 11, 2016 5:55pm
Quoting PayTheLimit
{quote} Let me say this about this level, and I'm not picking on you. Everyone wants to pick the high. Everyone wants to be a hero. I've been guilty of it more than most. But I've grown tired of it to be honest. The risk/reward on these plays can be fantastic I know. But the odds are long too. Your trying to stop a runaway train, with a level from April, in a cross that probably has very little actual orders in it. Seems like a long shot. Wouldn't it be perhaps better to try finding a spot to join the short/medium...

Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #17
  • Dec 11, 2016 11:26pm Dec 11, 2016 11:26pm
Quoting TooSlow
{quote} Which one to choose? Price above the H1 highest open - short at the H1 highest open. Price below the H1 lowest open - buy at the H1 lowest open. Price between the opens - wait.
You tell me. Are both levels offering you the same odds? What if you add an additional filter two them both, do both qualify?
Look Sharp/Trade Tight
  • #18
  • Dec 12, 2016 12:07am Dec 12, 2016 12:07am
So, I opened a EUR chart, and placed all my usual levels on it. Can you make any sense of it. How could you, I can barely. Where am I gonna lay my cheese down?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 54 KB
Look Sharp/Trade Tight
  • #19
  • Dec 12, 2016 12:17am Dec 12, 2016 12:17am
here is my one level for the euro...end of story, all my analysis, all my tea leaf reading..one level....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 54 KB
Look Sharp/Trade Tight
  • #20
  • Dec 12, 2016 1:51am Dec 12, 2016 1:51am
not seeing much else...thats it from me for now....lets see some levels people...
Look Sharp/Trade Tight
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