Simple trading: levels and price action (mainly on DAX)

EURCAD H1

EURJPY M30

LaserForks: THE support/resistance indicator for MT4
XAUUSD H4

There is an interesting thread about currency strength (contrarian) trading method and currency-index charts.
DonForex made a new currency-index offline chart maker for MT4, it is downloadable from here:
CurrencyCandles

Well, I tested it and have to tell you it also gives great forks!
Look at these nice supports/resistances!

EUR-index chart, H1


USD-index chart, H1


USD-index chart, D1


Of course, these "instruments" cannot be traded directly, but can give you a great confirmation in your trade decisions.

Bitcoin, beauty as always ... M15

Hey guys, just got the new version of currency-index script from DonForex (there was a missing bar in the 1.04 version, it is fixed here). Upgrade.

Website:
CurrencyCandles

AUDNZD M30

EURCHF M30

BitcoinUSD M15
Modified Schiff laserfork

GBPAUD H1
Modified Schiff fork presented by LaserForks

EURGBP M15

LaserForks

EURJPY M15


DAX M15

Interesting thing. This thread has only a little attendance (I mean visitors), though it is a real goldmine.
This is the reason why only a few percent of "traders" can be profitable. People are unable to recognize what is worthy and what is garbage.
(Yes, it is filtered by red-flag, but look at what happens in the commonly enabled threads. Full of trolls, idiots. No need them here, calm is better.)

Guys, as a "commercial member", I only can write 1 pm in every 24 hours. This is the reason if you don't receive my answer.

To James:
CurrencyCandles cannot be traded directly, because it is just a virtual instrument. So far I used it mainly on higher time frames (H1 and above) and got very good support/resistance levels which I do trade on pairs. DAX is a different thing, it is not a currency, so you cannot adapt CurrencyCandles to the DAX.
Scalping the DAX I'm using the ScalperChart, and for "classic" support/resistance trading on higher time frames I'm using the these superb SR indicators: LaserForks and PerfectZones.

(What a great marketing post!
4 DonForex tools within 1 post! )

Doesn't it speak for itself?
EURCAD H1

Example on low time frame:
GBPAUD M5

SilverUSD H4

EURUSD H1

@Peter: My pm is limited to 1 per 24 hrs, so my answer is here:
The difference to the basic strategy is that I'm searching for entry places not only at the fork lines (this is the basic strategy), but at the parallel lines too (middle and the others).
Even, at the Fibonacci levels.
If there are intersection points, it is very very good and gives really big confidence.

USDJPY H1
Beautiful.