{quote} Many thanks ! Very helpfully. Just, can you tell us at what correspond each of line one by one please.
Ignored
I have posted many times here how I map out my chart.i combine my levels with the value changes of the related pairs also many examples and descriptions of this throughout my journal.ill map my chart at the weekend for next weeks trading so anybody interested can follow along .
this is the chart I will begin working with next week.its labelled.the levels represent price attraction points.we don't need to look at the why at this moment.
as you can see the chart has devided into 3 zones.the averaged zone being the centre point.
we will use this chart as our initial map.to form a sentiment as to trading above or below the average point.
this on its own could be traded ,although I personally would be lost .
WE NEED TO SEE THE FLOWS.
WE NEED TO SEE MARKET STALL POINT
WE NEED TO DETERMINE INDIVIDUAL CURRENCY STRENTHS
WE ALSO NEED TO SEE INCREASE IN FLOW.
there are many tools for this in the form of indicators,personally I don't use indies because I already have used past historic data for the levels I need something that is telling whats happening righ at this moment.
I use correlated pairs to establish these pieces of information.this initially seems chaotic and difficult to read so ill leave it there,try using the levels with your indicators .if anybody wishes to try the flows from value changes through related pairs I will explain further.
price still at the daily average 45,cut loose with a small loss ,im personally going to leave it until tomorrow I always feel vulnerable when key markets are closed.
if you look at the revised chart 2 posts back you will see the 83 level,which was the revised 15 minute split high.a cycle 16864 was the averaged.as I had said earlier I was looking to short.
I looked at the 16864 level to short but the values were still overall increasing,still buys.so that told me to wait.
when price reached the 15 min high,at 83 .the related pairs values had reached a stall point.which indicated possible reversal.if no other values break this stall point then im prepared to short.my stop would be above 83 .infact I set 7.5 pip .somtimes price will Peirce up as though its breaking above ,but unless I see breaks from related pairs ill presume my short is still good.the resulting candle will produce pin bar.on this occasion I saw the £ yen falling of the highs and euro declining ,the doller was increasing.this is how I monitor my open trade if I see a change I close it ,im always protecting risk.even at the cost of some winning trades.
now the risk side.cable could well be the lead currency in which case it breaks first and im caught on the wrong side.i can do nothing in these circumstances and take my loss,but this happens less .
