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Originally Posted by Ek0
Hehe...
Of course thats understandable. If you explained anyways it may not even work for most because everything involves your system as a whole. Not just the support and resistances 
However, to catch pips like that you must be trading slower charts along with fundamentals behind your system with S/R levels.
So much money to be made in the forex. =] |
Hi EK0,
The s/r levels would work all systems bases on patterns,reversals ,trends, etc as they are what i call true s/r levels ,unlike pivots etc a s/r levels can go back many years,months,weeks,days etc.
The signals i trade happen on all timeframes and at any time of the day ,price doesnt know what time of day or night it is so if there are big orders in the market at a certain price they will be activated irrespective of news.
The only time i follow the news is NFP day as it tends to nearly always be a sharp burst followed by a retracement so ill modify my exit strategy.
The method i use works on all tradable instruments ,any timeframe and has worked at least to my knowledge for at least the last 25 years so it has stood the test of time these are the true qualities of a robust system.
PMHA