Hi all,
My name is Adam and I trade J16 stuff. Support/resistance levels became part of my trading. I monitor this levels and then I wait for some kind of confirmation (pin, engulfing bar, etc.) It is pretty easy to spot them. Im going to trade them without confirmation (I use at least small confirmation at the moment because backtest showed me better overall profit in long-term). It will be probably more difficult because of placing SL. I will trade only the best S/R levels. Feel free to join me and share your testing and trading experience.
Let's see some interesting S/R levels.
Blue boxes are levels where I wait for confirmation. I often dont find it but levels work very well often. Often it doesnt work and therefore I would like to test it and share my results with you.
I opened mini account and you can see my first test position below:
There is one thread called "fail better" using very similar approach. But it is not alive at the moment and then Im creating this one.
Update: I always wait for wick confirmation now. It is explain in first link below and few next following posts.
Read these important posts:
How I exactly trade .... http://www.forexfactory.com/showthre...51#post7429451
About trading in general .... http://www.forexfactory.com/showthre...34#post7429434
My name is Adam and I trade J16 stuff. Support/resistance levels became part of my trading. I monitor this levels and then I wait for some kind of confirmation (pin, engulfing bar, etc.) It is pretty easy to spot them. Im going to trade them without confirmation (I use at least small confirmation at the moment because backtest showed me better overall profit in long-term). It will be probably more difficult because of placing SL. I will trade only the best S/R levels. Feel free to join me and share your testing and trading experience.
Let's see some interesting S/R levels.
Blue boxes are levels where I wait for confirmation. I often dont find it but levels work very well often. Often it doesnt work and therefore I would like to test it and share my results with you.
I opened mini account and you can see my first test position below:
There is one thread called "fail better" using very similar approach. But it is not alive at the moment and then Im creating this one.
Update: I always wait for wick confirmation now. It is explain in first link below and few next following posts.
Read these important posts:
How I exactly trade .... http://www.forexfactory.com/showthre...51#post7429451
About trading in general .... http://www.forexfactory.com/showthre...34#post7429434
Lose small, win BIG
