That 4hr chart looks interesting in terms of a retrace to level. If price gets above that daily chart resistance things could get interesting. Either look to short around there or if a breakthrough, look for the retrace.
Cheers
Pharley
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Disliked{quote} Dear pharley, I wonder how it happened that i got un-subscribed. It also happen with one of my subscriber two days ago that he un-knowingly got un-subscribed from me. I am subscribed to you again with Love. I posted with details that how i trade your system. Next time, I will try to post my trades if possible, i will make a video of it.Ignored
DislikedFlippin' heck, how did I manage to miss this one earlier?! DOW continuation trade at 50% retracement. {image}Ignored
Dislikedits a great way to trade there a links from chanya he explain this way to trade http://www.forexfactory.com/showthre...38#post5876538Ignored
DislikedLet me add few cents of mine. The main idea of marking support resistance levels is same as pharley. but i trade with following two additions. (i) I take my initial support resistance from daily. This servers as my starting and ending point. (ii) I use highs and lows for marking SR levels but my my entry is based on "Where candles where closing "BEFORE SUPPORT AND RESISTANCE GOT BROKEN". This way i manage few pips early entry as compare to other support resistance traders. This few pips have excellent advantages in regard of setting a Safe BE. The...Ignored
DislikedI'm pondering on this entry on the 60 min from daily resistance, any views? {image}Ignored
DislikedJust remember to be careful - we've got non-farm employment and unemployment claims news out in a while. Always red flag items. Things can get a little slow re volatility leading up to these. Cheer PharleyIgnored
DislikedHi again all, ok, here we go again. Based on major S/R, market structure and trend (higher highs, lower lows etc) to get direction of price. Draw in minor S/R and wait for price to break that point and retrace back to the level before entering. Could wait until price actually closes below the line after going above it (for a short) as it's confirmation as per Russ Horn's Rejection Spike (thanks to that poster!) Cheers Pharley {image} {image} {image} {image} {image} {image} {image} {image}Ignored
Disliked{quote} Like the color scheme. Easy on the eyes. Please post blank template. Thank you.Ignored
Disliked{quote} Brother, Kindly find the attached. There is only one indicator which i use for Pin Pointing my entry. {file}Ignored