Dislikedthe levels are sometimes valid for a few days, i only change them if it is patently wrong, the first 1-2 hours around LDN open will normally confirm whether your levels are OK.
if you are not sure , use 2 charts , trade the price patterns as confirmation not the levels itselfIgnored
- #476,901
- Jun 30, 2011 9:33am Jun 30, 2011 9:33am
- Joined Jul 2010 | Status: Weebley Wobbly Timey Wimey stuff | 10,604 Posts
- #476,907
- Jun 30, 2011 9:43am Jun 30, 2011 9:43am
- Joined May 2011 | Status: grizzly long gone | 2,427 Posts
Wow I just notice EUR.CHF.... Crazy. Up 200+ pips in less than 2 hrs..
at a big Level under 1.225
Better ever then never.
Don't get mad, get even!
- #476,908
- Jun 30, 2011 9:44am Jun 30, 2011 9:44am
IT all depends on your trading style, for me the protection of 53 as mentioned earlier set the way to 95 as also posted earlier, so you either scalp the smaller moves, or use it to stay in a trade or move your stops accordingly. There is always a bit of noise on the lower TF's not getting the momentum on a close above 79 did not mean that the move failed as it could well be a fake 'n shake which is was in this case, so keeping an eye on the larger levels, in this case 53-95 would have kept you from closing too early or being too worried about the...
Or that works only on a previously determined direction (uptrend in this case)?
- #476,909
- Jun 30, 2011 9:45am Jun 30, 2011 9:45am
- | Joined Apr 2011 | Status: Trader | 4,789 Posts
Seriously....If peeps dont get ya by now.....
All depends again on your style, if you go back a few pages we discussed 53 and we also discussed the next 2 levels and have been playing inside those for the last few hours. So you either would have entered on 60-63 as I explained a few pages back and then played either the next range or would have used that range to stay in your earlier trade as Kolz did keeping an eye out for 95 as also mentioned earlier. I am trying to do a play by play here for just about every trading style and have explained the use of the levels for scalpers, trend traders...
- #476,912
- Jun 30, 2011 9:48am Jun 30, 2011 9:48am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #476,913
- Jun 30, 2011 9:49am Jun 30, 2011 9:49am
All depends again on your style, if you go back a few pages we discussed 53 and we also discussed the next 2 levels all before they happened and have been playing inside those for the last few hours. So you either would have entered on 60-63 as I explained a few pages back and then played either the next range or would have used that range to stay in your earlier trade as Kolz did keeping an eye out for 95 as also mentioned earlier. I am trying to do a play by play here for just about every trading style and have explained the use of the levels...
Appreciated
- #476,914
- Jun 30, 2011 9:50am Jun 30, 2011 9:50am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #476,915
- Jun 30, 2011 9:50am Jun 30, 2011 9:50am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #476,920
- Jun 30, 2011 9:55am Jun 30, 2011 9:55am
- | Joined Apr 2011 | Status: Trader | 4,789 Posts
Look...you just got lucky
I just talked you guys through a run from 53 to 95, that's 40 pips, giving you each level in advance, how you trade it and how you use it is up to you. I have given you each and every key level to look out for and have been as specific as I could. I explained in detail how different trading styles could use this. So please if you are still unsure, go read each and every post again that I posted today and compare them to your charts to see how you can use this in your style/method of trading.
You got to do a bit of work yourself.
Just keep in mind...