Pharley Simple system - Get your levels right for trading S/R

Quoting Vlad13685

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Hi! I have attempted to write an indicator to draw the S/R levels for this method. Red = Higher TimeFrame S/R Level Orange = Medium TimeFrame S/R Level Green = Lower TimeFrame S/R Level Please let me know if you agree with the way the levels are set up? Cheers Vlad {file}

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Quoting ralfy

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{quote}​ Hi, Is it possible to have such indicator for MQ4? I am not able to open or download ex.4 on my MT4 Platform, or if You know how to do it please would You be so kind to tell me ?

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Quoting Vlad13685

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Hi! I have attempted to write an indicator to draw the S/R levels for this method. Red = Higher TimeFrame S/R Level Orange = Medium TimeFrame S/R Level Green = Lower TimeFrame S/R Level Please let me know if you agree with the way the levels are set up? Cheers Vlad {file}

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Quoting ralfy

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Well there is no need to tell me He has rights and I did not or even think of forcing the Gentleman. He is just offering it to everyone interested and if You can read carefully I asked politely if... Please Mind Your own business I did not ask You anything regarding this matter even if I thank You for your suggestion

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Quoting pharley

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Hi all - just having a little break from on line stuff tonight - father-in-law birthday so we're having a bit of a shin-dig! I'm half cut already, so no trading for me! I must be a happy drunk - everything is so funny at the moment. Gee I had to write that about 5 times to get it right. If I drew a trend line now, it would look like my little lads etch a sketch! OK catch you tomorrow - I'll try and answer all questions and points as usually. Cheers Pharley

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Quoting us fantasy

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{quote} hi vld first of all thanks for ur input .. if u can provide turn on and off option for lines(all higher,medium.lower) then i think it will be nice... just and idea..

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Quoting ralfy

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Hi, Is it possible to have such indicator for MQ4? I am not able to open or download ex.4 on my MT4 Platform, or if You know how to do it please would You be so kind to tell me ?

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Quoting Vlad13685

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{quote} Sure, download v1.1 and set any of the timeframes to 0 - they will be excluded. {quote} Sure thing {file}

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Quoting fxrabbi

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{quote} The most generous guy I have ever met here, kudos Brother. Happy trading, Yomi.

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Quoting Vlad13685

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{quote} Sure, download v1.1 and set any of the timeframes to 0 - they will be excluded. {quote} Sure thing {file}

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Quoting pharley

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{quote} HI Firefires, and well done! Close or high? Well as nothing is clear cut - quite often it can be the top, other times it can be the close. Many times it's somewhere inbetween. This is something that you either have a hard rule for or leave it for individuals to decide. On this method I'm using the high, ....

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Quoting Vlad13685

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Hi! I have attempted to write an indicator to draw the S/R levels for this method. Red = Higher TimeFrame S/R Level Orange = Medium TimeFrame S/R Level Green = Lower TimeFrame S/R Level Please let me know if you agree with the way the levels are set up? Cheers Vlad {file}

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Quoting us fantasy

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hi traders another trade closed today with 45 pips ... it is G/j in 1hr chart depend entry {image}

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Quoting Songok

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Hi there Pharley, very interesting method Im keen to look into it more closely.For now i dont really have time to test it but Im wondering how you doing with it? Can you provide some stats for Your trades? Im interested in hit rate and avarage win/loss? Statement from meta trader 4 will provide you with this stats automaticly users of this method are welcome to provide stats as well

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Quoting Vlad13685

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{quote} Sure, download v1.1 and set any of the timeframes to 0 - they will be excluded. {quote} Sure thing {file}

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Quoting pharley

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{quote} Hi Songok, I can't really give a stat for just this method as I use a variety of methods to trade such as this one, 50% retracements (a couple of different ways), using pin bars, inside bars, first touches off major S/R. So the stats I have cover all my trades - I generally use cTrader as well rather than mt4 or mt5. Having said that, over the past 12 months my win rate is about 71% for longs and 68% for shorts over some 270 trades using all the methods I like to trade. I'm trying to improve that all the time of course, but happy to be winning...

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