sympathy » Tue Jan 19, 2016 3:08 pm wrote:
Hahahaha that is why we need more practice with this level stuffs. Mr fox can not and ever make all pairs look the same ok, they hide many things from us that is why they change levels count from 3 to 4 and 5 but they are always the same. Ej is not GU, different pairs with different pattern of levels so you have to understant how they work. Sometimes its hard for me to count them at times but i normally know where they ends.EJ level 1 did not drop to your eyes but to me it drops that was why i marked it with an arrow ok.just try and practice more on levels counting because that is the gold in this strategy. Please ask any question and i will reply as soon as i see them thanks.
In my opinion, this strategy works more better on M15 timeframe than on H1 and higher.
You can get more money in short time than when you wait for 3 levels on H1 timeframe (about 3-4 days).
Sometimes they will change levels counting in chop zone (as you can see it on AUD/CAD) but in this chop zone are much money to take from table if you can read correctly situation (pins, candles, direction).
For example, check GBP/USD. I even don't count levels on H1 but the direction is visible and clear. So, I wait on M15 when they finish accumulation process each day and then I am going with direction starting from M15 timeframe.
marcoFF » Wed Jan 20, 2016 9:15 am wrote:Hi sympathy, it seems in your strategy S\R are a foundamental part.
Can I ask you how do you draw that?
Thanks
I draw them from weekly and daily charts but you have to understand levels count before you trade from the levels ok.
If you look at the charts the price will generally want to go back to round numbers/sweet spots and common areas of price. its as simple as drawing a drawing a straight line across the HH/HL and LH/LL. Its a good visual representation of the most common areas price likes to retrace to or test resistance.
There are some nice levels forming in the charts today!!
WM93 » Wed Jan 20, 2016 10:28 am wrote:If you look at the charts the price will generally want to go back to round numbers/sweet spots and common areas of price. its as simple as drawing a drawing a straight line across the HH/HL and LH/LL. Its a good visual representation of the most common areas price likes to retrace to or test resistance.
There are some nice levels forming in the charts today!!
Will
Hey WM93, It doesnt work that way ok, you have to analyze your levels from other time frames before taking a trade. first is to know where you are the circle then you check the direction of higher time frames and locate level1-3.
