Disliked{quote} Ben- could you please give me a brief description on how you pick your levels - using this example--- by looking at your chart I have some ideas but would like to be clear at what you are looking for. if you have already covered this - please steer me to that post great thread, regardsIgnored
Dear iamsovereign
Thanks for the question. I know you are very knowledgeable on the technical side. Here is how I reach my call. KeepCalmfx posted this chart at my request.
You can see there is NO Clear direction at this moment.
http://www.forexfactory.com/attachme...9&d=1484078408
However there is much more chance it will head down because WE set the Trend because of the Relationship to the US 30 and Money Flow and where the money goes when we have RISK OFF !!! Tomorrow is a RISK ON day because of the Press Conference of President Elect Donald J. Trump.
Here also is the chart done by KeepCalmfx as it relates to the US 30 (Dow 30) Look at the indicators. Do you use SAR and Fractal and Awesome Oscillator in your charts ? They work very well.
http://www.forexfactory.com/attachme...6&d=1484078376
One of our accomplished Forex traders did the following chart recently. Have a look. It is wayfarer and you see the Correlation there is now out of balance.
http://www.forexfactory.com/attachme...6&d=1484026818
So we try to trade with the more likely trend. If you have any thoughts or ideas please share them here and again if I have not been clear please follow up with another question.
Benjaminis
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