(binned per thread starter’s request) [Chart vs price level]

This is my 12th year trading forex and like every one I learn by first looking and studying charts and indicators. And I was hardly successful to say the least.
But 2 years ago I decided to ditch all charts and indicators and just focus on price alone and I have never look back since and my trading have improved exponentially. I have reach a stage where I can accurately read price levels of EU with more than 70% accuracy with at least 2x reward ratio using between 5-15 pips stop. Others pairs like AU UJ GU are underway but initial findings indicate using bigger SL to achieve optimum rewards which I am not quite comfortable with now compared to EU.
In retrospection I am convinced that I am right and that charts and indicators simply cannot tell you what price will do next aside from showing what had already happened. Those thousands and thousands of charts and indicators posted in this forum are only good for after the fact analysis which is not at all helpful in showing you how to develop a robust trading methodology to read the market price correctly. Whereas price levels show the 'now' and forward PA until either the resistant price level held or support level is broken showing a clear path to react accordingly. For example the current EU PA shows me that it is moving south with resistant at 12249 and the next level to watch is 12190 and if breached then the new resistant will be at 12225 and so on and so forth.
Of course I will have to post more live trade price levels in due course to prove robustness in my method but more important is that I want to prove that Price Levels are indeed more dominant and effective than Charts and Indicators if the forward looking price readings are read correctly.
I will leave you all to find out and decide for yourselves if I am right in my assessment.

Cheers
GS

Good thread.
Good man.

I was thinking nobody is receptive to this thread and was thinking to bin it but now that there are at least some interests shown I am obliged to share what I learned to help lessen the pains that's required to develop a robust and tradeable method to trade the Forex market with all its different market conditions.
I will not reveal the complete methodology but even if I will to transmit just 50% of what I know you will be rest assured that you will not lose more than you can afford to lose.
I shall first focus on EU pairs and start from the very basic arts of scalping which is imperative to know before one can advance to longer time frame. But believe me scalping is the least risky and most productive of all method becos it is in perfect sync with the daily price actions movement needing just 6-10pips risk to garner 30-50pips rewards consistently and on a frequent basis.
Honestly I sucked in teaching becos my method is very reactive to price actions with very fluid and dynamic entry/sl/exit price level.
It's something like if price reach this lvl and does not breach this lvl then we enter, put our sl, and wait for tp to hit. With accuracy rate of 8/10 it's almost fail proof in term of RRR.
Due to my desire to keep my method completely private and the fact that I am trading actively and also my advance age I may struggle to constantly provide trade inputs continuously. I would therefore kindly request you to ask me my trading views before you enter any EU trade.In this way you are able not only to pick up some pointers from me and learn but you are also be able to gauge if my views is really worth its salt and if I can really do what I claimed I can do.

Cheers and good pipping to all.
GS

Subscribed!

Interesting! A picture of a chart will explain a lot easier than words. Waiting for your first chart.

Gathering from your words highlighted. Trying. Entry could be better with M5 arrow at yesterday's high.

That's probably because you said "Of course I will have to post more live trade price levels in due course to prove robustness in my method but more important is that I want to prove that Price Levels are indeed more dominant and effective than Charts and Indicators if the forward looking price readings are read correctly."
and then didn't post anything for over a month.

Hope you now have a productive thread.

I don't understand what you mean by "chart" and "price". Do you mean "price" as being a "naked chart" and a "chart" as being a "chart (representation of price history) with loads of funky spaghetti lines"?
because if you have only the "price" (which I mean as being the current, instantaneous price, of the most recent tick only, without any history) how do you figure out levels you are talking about in your first post, etc?

Sorry I trade with pure price level without the need for chart.
You short trade will only be in the money if price stay below 12335. Above that is good for another 35-60 pips to the north.
Good luck.

Fair enough ...I won't do it then.

Cheers

Just a latest update on EU :
For those who are thinking to fade this pairs ...remember that price will have to breach 12370 lvl and stay below 12400 failing which the bull is still in control for another 40-65pips. Always bear in mind that breach and hold lvls are always dynamic and fluid as PA develop day to day.

Trade well and cheers
GS

Update if price stay below 12415 means st reversal sell for 50-60pips.

Cheers

Failed To stay below..continuance north 45-70pips
Trade safe...

Stopped -8

I'll check scalping out. I am making a trading bot based on Supply and Demand.I am working full time on this. Now I am a 21 year old young man and even that you said you would not share your work. I am kindly asking you to enlighten me.
As a side note:
One night I was wondering how to read S&D only from price list, as the chart lines are foolish. Here I have included a chart from Dukascopy JForex and the monthly and weekly charts are not the same. The price rises to "march 2008" on April 20 on the weekly chart. It is not accurate.
Keep up the good work, G!