Hi emma. I would like to ask you about pairs and BPP.
I know that you works with 16 pairs. But you change a watchlist each week.
Questions_1: Why have you these pairs? (for example: why do not you consider GBPCAD? )
I have 12 pairs and try to make a BPP for each pair. I read all your post and pdf about BPP.
Question-2: How many bars are you consider when you paint R/S levels on monthly and weekly charts?
Question -3(1+2): Maybe, do you consider those pairs where price is nearby R/S Level?
I know that you works with 16 pairs. But you change a watchlist each week.
Disliked{quote} I'm watching EURGBP, AUDUSD, USDJPY, USDCAD, EURJPY, GBPUSD, EURUSD and AUDJPY, following and trading in H4 the trend I see in D1. I'm not very good with supports and resistances but I tried to learn about that drawing lines where I think there are s/r... In the last days of this past week I recovery some pips following the simple, I'm not very confident trading agains the trend or in H1, H1 in fact stresses me a lil bit hehe... also I trade in D1... {quote} That's something I learn this week, sometimes (when I trade H1) I close the trade...Ignored
Disliked{quote} Hi AlexB, I have the same pairs in my watchlist. EURGBP is a special pair with its small trading range and biggest pip$value. About the use of support and resistance, I think this is an important topic for TMS traders as I received several PMs on this over the past weeks. To keep our charts clutter free and also consistent with what Big E taught us, we simply use the price Round Number as our price grids on our TMS trading charts. I no longer use the daily and weekly pivots because by looking at previous price action PPA and around the BRN...Ignored
I have 12 pairs and try to make a BPP for each pair. I read all your post and pdf about BPP.
Question-2: How many bars are you consider when you paint R/S levels on monthly and weekly charts?
Question -3(1+2): Maybe, do you consider those pairs where price is nearby R/S Level?
There is no reason to trade if there is no reason to trade.