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

  • #221
  • Jun 7, 2016 10:47pm Jun 7, 2016 10:47pm
Quoting Vlad13685
{quote} Sure, download v1.1 and set any of the timeframes to 0 - they will be excluded. {quote} Sure thing {file}
hats off bro...........superb it is .. just now i applied and i think this is enough...
Success is a Journey Not a Destination....... kind regards ramzam
  • #222
  • Edited Jun 8, 2016 12:35am Jun 7, 2016 11:09pm | Edited Jun 8, 2016 12:35am
really it is superb... i missed this yesterday.. but gods grace is today to see this really thanks a lot
but i have one doubt .. all lines are coming caption that srlevelsabove... is it not come srlevelsbelow? just to know asking
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Success is a Journey Not a Destination....... kind regards ramzam
  • #223
  • Jun 7, 2016 11:41pm Jun 7, 2016 11:41pm
Quoting Vlad13685
{quote} Sure, download v1.1 and set any of the timeframes to 0 - they will be excluded. {quote} Sure thing {file}
Thank you!!
  • #224
  • Jun 8, 2016 5:06am Jun 8, 2016 5:06am
Pending long on AUDUSD
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  • #225
  • Jun 8, 2016 5:47am Jun 8, 2016 5:47am
Quoting Vlad13685
Pending long on AUDUSD {image}
Hi Vlad ☺
What made u take the upper breakout level instead of the lower on this trade, just curious.
Im not saying its wrong or right, i just like to hear youre thoughts behind this trade.
eur/aud and nzd/usd has similar levels now
Cheers all
  • #226
  • Jun 8, 2016 5:53am Jun 8, 2016 5:53am
Quoting Alaska
{quote} Hi Vlad ☺ What made u take the upper breakout level instead of the lower on this trade, just curious. Im not saying its wrong or right, i just like to hear youre thoughts behind this trade. eur/aud and nzd/usd has similar levels now Cheers all
Yes I have a pending on the NZDUSD as well.

I am still trying to get used to picking up on the trend. So in the meanwhile I am using the 50 SMA (red line) as the a guide. So only taking longs above the 50, and shorts below it. That's why I didnt take the earlier short.

Vlad
  • #227
  • Jun 8, 2016 6:13am Jun 8, 2016 6:13am
Quoting Alaska
{quote} Hi Vlad ☺ What made u take the upper breakout level instead of the lower on this trade, just curious. Im not saying its wrong or right, i just like to hear youre thoughts behind this trade. eur/aud and nzd/usd has similar levels now Cheers all
Hi ya Vlad, Alaska,

Both areas actually look real good from what I understand of Pharley's method..
The top S/R has a solid S/R as the 2 local candles have almost no wicks so solid points for reaction
The lower S/R is also in confluence with the 50% retrace

Target would be maybe a 1:2RR as strong trouble area it's running into..

Cheers,
Adrian
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  • #228
  • Jun 8, 2016 6:42am Jun 8, 2016 6:42am
Another market I don't follow, I'm thinking that maybe I need to expand my watchlist.
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  • #229
  • Jun 8, 2016 7:17am Jun 8, 2016 7:17am
50 pips banked .. one hr chart, gbpchf pair.. nicely level break and retrace finally pullback
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  • #230
  • Jun 8, 2016 8:04am Jun 8, 2016 8:04am
I have to say that this method is so powerful just go with trend a jump into trend in retracements, add to positions till end and enjoy pips, that´s all what you need with this system.

Thanks to all contributors especially pharley.

It is Wednesday and I have 10% account
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gain with this system. Enough for this week.

Green pips to all.
  • #231
  • Jun 8, 2016 5:16pm Jun 8, 2016 5:16pm
Quoting us fantasy
50 pips banked .. one hr chart, gbpchf pair.. nicely level break and retrace finally pullback {image}
Hi US,

That's great news - again! Keep watching that pair - could be more room to move yet.

Cheers
Pharley
  • #232
  • Jun 8, 2016 5:21pm Jun 8, 2016 5:21pm
Quoting Mhons
I have to say that this method is so powerful just go with trend a jump into trend in retracements, add to positions till end and enjoy pips, thats all what you need with this system. Thanks to all contributors especially pharley. It is Wednesday and I have 10% account {image} gain with this system. Enough for this week. Green pips to all.
HI Mhons,

Nice chart mate - and well done on your trades.

It's great to see so many good trades with this method. And it's also terrific to see that people are seeing what I saw when I was originally looking at this simple method. It's ok describing a nice looking, simple method, but it's another thing altogether to actually get decent trades and profits from it.

You're correct in looking at the multiple entries - manage that risk, move the stops when you're placing the next trade and watch your account get a huge boost.

I'm truly happy for you mate - I hope this can make your trading (and others) trading really profitable. If anyone has been really struggling with being profitable, this could the very simple method to turn things around. It would be great to hear form anyone else who is having success with this.

Cheers
Pharley
  • #233
  • Jun 8, 2016 5:40pm Jun 8, 2016 5:40pm
HI all - I see so many potential set ups this morning that should be watched today. Too many charts to post, so here is a list as I see them right now -

AUDNZD
AUDUSD
EURCAD
EURGBP
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
NZDUSD
USDCAD
USDCHF
XAGUSD
XAUUSD

Cheers
Pharley
  • #234
  • Jun 8, 2016 6:31pm Jun 8, 2016 6:31pm
Interesting article - doesn't talk about fx or trading, but is applicable in every way.

http://www.news.com.au/finance/work/...9a619254a4573c
  • #235
  • Jun 8, 2016 10:04pm Jun 8, 2016 10:04pm
Hii all,,

Nice thread Pharley,

TP or SL ? Agresif trade , entry not on retrace.
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  • #236
  • Jun 9, 2016 12:35am Jun 9, 2016 12:35am
Quoting bagongfx16
Hii all,, Nice thread Pharley, TP or SL ? Agresif trade , entry not on retrace. {image}
what are you thinking sir help me to choose , how about EU now?
onorebate
  • #237
  • Jun 9, 2016 12:39am Jun 9, 2016 12:39am
Break n Retrace on UJ.

CMIIW
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  • #238
  • Jun 9, 2016 12:41am Jun 9, 2016 12:41am
Quoting bagongfx16
Hii all,, Nice thread Pharley, TP or SL ? Agresif trade , entry not on retrace. {image}
Set SL++

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  • #239
  • Jun 9, 2016 1:32am Jun 9, 2016 1:32am
Quoting bagongfx16
Hii all,, Nice thread Pharley, TP or SL ? Agresif trade , entry not on retrace. {image}

i missed the train
https://localtvktvi.files.wordpress.com/2015/08/cry.gif
  • #240
  • Jun 9, 2016 1:38am Jun 9, 2016 1:38am
EURJPY (M30) +51pips.


1. Red dotted line = D1 S/R - Major S/R.
2. Blue dotted line = M30 S/R - Minor S/R.
3. Yellow dotted line = BRN.
4. Gray lines = Fibos.





Happy trading,
Yomi.
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Time always comes before price
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