I've just recently discovered (wouldn't be surprised if it's old, but I'm not much of a reader, rather I learn from observation) that PA obeys levels: xx00 xx25 xx50 xx75.
So, I applied them to the clear chart of mighty fiber, and started trading by just observing what's going on around those levels. And, frankly, I'm pretty profitable with this strategy. It's very simple, which is nice. I use 5min tf, but sometimes go to 1min or above to 15 min.
Anyone used or is still using those levels in trading? Any thoughts? Ideas? How does it look in the long term?
So, I applied them to the clear chart of mighty fiber, and started trading by just observing what's going on around those levels. And, frankly, I'm pretty profitable with this strategy. It's very simple, which is nice. I use 5min tf, but sometimes go to 1min or above to 15 min.
Anyone used or is still using those levels in trading? Any thoughts? Ideas? How does it look in the long term?