Forex Doyen System

Hello FF Traders! Green Pips

This system is predominately based on three aspects:

1. Support Levels ( *video will be added soon to find the optimum support levels)

2. Resistance Levels ( *video will be added soon to find the optimum resistence levels)

3. Fibonacci Retracements ( *video will be added soon to find the optimum fib levels)

This system helps to find our ideal take profit and stop loss levels with added help from ATR indicator. This system should be used only on the longer time-frame 4hr and above.

Entry and Exit Rules:

1. Wait for the price to see support or resistance levels.

2. See whether the price is breaking the support or resistance levels, then enter at the right price after the breakout.

3. Price entry determined by FIBS and ATR

(* video will be added soon to Explain the entry and exit positions)

Regards,
Forex Doyen

Interesting. I have used a similar strategy in the past but I can't say I was successful. I'd find major support resistance levels on daily and weekly tf and try to trade accordingly on lower tf. I noticed that these s/R levels were more like areas of interest, nothing more. The PA would brake them routinely on lower TF then I was stuck on what to do next: was it really broken and resistance is now support or should I wait and see what happens.