here is my contribution to naked chart....i know they look silly but works wonders for me...its a bit more work but trust me the most stop loss i have ever used is 20 pips...hope they help
Trade the moves, not the market
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Dislikedopps.. i have just read the rest of your post......check out the video i am posting....very very interesting as i must have seen it 510 times over and also if you wanna look at my previous post charts on how to find S&R
the video basically focusing on 10 mins charts....but you can use ithe theory on every time frame
http://www.youtube.com/user/abstraxisIgnored
DislikedI don't want to give away any depth of detail here but the open price is ALL you need to trade and I've found that the open price on the daily and above charts are best of all. No offence to the scalpers but start with the daily and put some damned good eyes on that chart as it will all unfold in no time at all.Ignored
Disliked{quote} Hi, i think that is very good approach, maybe also need to consider previous day high and low, but what is missing is time-window for the sweet spots, that is important as well I think... Can you describe a bit more about it? Thanks and sorry for my poor English...Ignored
Disliked{quote} Hello charli, thanks for your concerns but as I said I do not want to go into detail about this method but just use the open price-nothing else...Think out it by looking hard at the daily charts. There are some days when a pair will not do its little trick but most days the open price will show you its real true purpose. You don't need the close,open, high or low. Work on it mate because it will unfoldIgnored