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Support and Resistance Method - Pharley

  • #681
  • Nov 23, 2016 11:27pm Nov 23, 2016 11:27pm
Quoting seatac
I am happy to see that you are back after your summer break Pharley. - I discovered this thread sometime in August and was worried that newcomers to this thread might not be able to ask questions from you that we may have in our endeavor to beat the market using your excellent thread. I agree with all those who think that current live trading examples are the best in order to enlighten us to fully comprehend your method. As for me I think this is the very best thread I've ever found on Forex Factory. Please keep up the good work Pharley. - I use...
Hi Seatac - and thanks for your comments and a great summary! What you've described is spot on for this method. Don't forget to look for flip trades on the daily, 4 hr, 1 hr candles as well. They form part of this method and happen all over the place time and time again. I often take flip trades as stand alone trades without adding to them, but I'll do the analysis as you've described to see if there is potential for a larger move and try to enter multiple times.

Cheers
Pharley
  • #682
  • Jan 1, 2017 8:26am Jan 1, 2017 8:26am
Quoting pharley
Hi all, Someone has sent me an email asking can I show (or give some insights) in to drawing support and resistance levels. For sure I can but there are heaps of well written articles on the web about it. What I'd rather do is instead of taking up space here explaining how I identify SR levels, I'd rather point you to a very good article about it. It's worth a read even if you're familiar - I refer to this every now and again - sort of to clear my mind and get it refocussed on what I'm doing. Some advice for new traders - search and find really...
Hello Pharley,

Thank you for sharing your 4H trading method, really quite valuable stuff for anyone migrating from indicators to PA.

As I am going through your thread, taking notes, etc., i've noticed the website on SR is no available anymore. Do you have by chance a copy of this article?

Cheers
  • #683
  • Jan 1, 2017 8:56pm Jan 1, 2017 8:56pm
Quoting Hins
{quote} Hello Pharley, Thank you for sharing your 4H trading method, really quite valuable stuff for anyone migrating from indicators to PA. As I am going through your thread, taking notes, etc., i've noticed the website on SR is no available anymore. Do you have by chance a copy of this article? Cheers
Hi,

Have a look at these 2 articles.

http://maximumlots.com/supply-and-de...nd-resistance/

http://swing-trading-strategies.com/...rading-system/

Cheers
Pharley
  • #684
  • Jan 1, 2017 11:47pm Jan 1, 2017 11:47pm
I posted 2 trade setups as of now.Replies & suggessions are welcome.
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[a
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ttach]2122132[/attach]
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  • #685
  • Jan 8, 2017 12:50am Jan 8, 2017 12:50am
AUD/USD is at approx. the 50% retrace of the recent down move. I have entered a short.
  • #686
  • Apr 11, 2017 7:08am Apr 11, 2017 7:08am
Hey guys,

is there anyone who is still trading this method?
  • #687
  • Apr 11, 2017 11:24am Apr 11, 2017 11:24am
I certainly am. There is another thread here https://www.forexfactory.com/showthread.php?t=592827 but as with this one, not much activity, which is a shame. It's always good to have a chat about what we are looking at and possible setups but not much interest in it
  • #688
  • Apr 11, 2017 9:43pm Apr 11, 2017 9:43pm
simple trading system make profit, thank you, pharley
  • #689
  • Apr 14, 2017 2:41am Apr 14, 2017 2:41am
Hi Pharley! Thank you so much for your threads! Both of them are amazing thread for SR fans like me. I learned a lot from your shares and really want to thank you for your kindness to document it online in the free space like here. You could easily sell this for many thousands
  • #690
  • Jun 18, 2017 6:57pm Jun 18, 2017 6:57pm
Quoting Billyoneer
Hi Pharley! Thank you so much for your threads! Both of them are amazing thread for SR fans like me. I learned a lot from your shares and really want to thank you for your kindness to document it online in the free space like here. You could easily sell this for many thousands
You're welcome!
  • #691
  • Jul 20, 2017 11:51pm Jul 20, 2017 11:51pm
Quoting pharley
Hi all, Someone has sent me an email asking can I show (or give some insights) in to drawing support and resistance levels. For sure I can but there are heaps of well written articles on the web about it. What I'd rather do is instead of taking up space here explaining how I identify SR levels, I'd rather point you to a very good article about it. It's worth a read even if you're familiar - I refer to this every now and again - sort of to clear my mind and get it refocussed on what I'm doing. Some advice for new traders - search and find really...
Hi

does anyone have a copy of this article. seems that the site is no longer available. could be worth a read to brush up on R&S.
if anyone has downloaded it or stashed it somewhere in the cloud / net, please assist.

Many thanks.
  • #692
  • Aug 18, 2017 4:57am Aug 18, 2017 4:57am
Quoting membina
{quote} Hi does anyone have a copy of this article. seems that the site is no longer available. could be worth a read to brush up on R&S. if anyone has downloaded it or stashed it somewhere in the cloud / net, please assist. Many thanks.
Hi Membina, you can go to post 683, Pharley gave another 2 links which are still working.

And also it will be useful for you if you go through the whole thread to get better picture about Pharley's system.

Good luck!
  • #693
  • Aug 18, 2017 6:08am Aug 18, 2017 6:08am
What an informative thread ..... hats off to Pharley !!!
  • #694
  • Aug 18, 2017 6:09am Aug 18, 2017 6:09am
Sorry, Is there any templates or indicators to use as part of this strategy?
  • #695
  • Aug 18, 2017 8:08pm Aug 18, 2017 8:08pm
Quoting Rafaz1
Sorry, Is there any templates or indicators to use as part of this strategy?
No template or indicators. It's a clean chart with lines for support and resistance levels. Go over the first post or the summery in post 176. It's all pretty simple, just takes practice.
Here's an example of a trade run I've just started.
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  • #696
  • Aug 23, 2017 2:42am Aug 23, 2017 2:42am
Quoting Rub
{quote} No template or indicators. It's a clean chart with lines for support and resistance levels. Go over the first post or the summery in post 176. It's all pretty simple, just takes practice. Here's an example of a trade run I've just started. {image}
Got stopped out for a small loss.
  • #697
  • Oct 29, 2017 9:02pm Oct 29, 2017 9:02pm
NZDUSD is on weekly support.

NZDUSD H4 : buy at 50% fib retracement.
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  • #698
  • May 24, 2018 5:27am May 24, 2018 5:27am
Wow, thread sort of still going! Hope people have found some useful things on here. Keep it simple!
Cheers
Pharley
  • #699
  • May 24, 2018 5:44am May 24, 2018 5:44am
A couple of simple flip trades on daily and 4hr charts recently taken - Spot these levels and trade them. See how price returns to the level. That's why SR levels/areas are so important. Look for these on your charts. Never forget flip trades!
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  • #700
  • May 25, 2018 4:18am May 25, 2018 4:18am
Hi Pharley! How are you? Hope you and your family are doing great!

I missed your charts so much!

Do you still trade the W1 levels and swing it with multiple positions? or you are actually doing the more relax trading now (1:1RR at S/R Flips)?

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Simplicity is the key to brilliance
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