Quote:
Originally Posted by daydreamer65
I've uploaded some of Tess' earlier charts, you will find them somewhere in the thread, reading from the 1st 4hr chart to the
final 15M chart.
Plus we have been playing around at these levels for the last
few days. (on the 15M chart) Spooky!!
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Yeah, those levels from 3rd quarter last year have been instrumental on this pairs behaviour for the past couple months. You'll find these occurances are quite commonplace.
A high percentage of the levels on the charts posted since we've been active on here (on all the pairs which have been illustrated) have no doubt come back into play recently, or certainly will be next time the train pulls into the station.
It's why we operate the way we do. What better way is there to map the day on day behaviour of those most active in your favored market or instrument?
The most common sense method of tracking the footprint of price activity is to study, record & act on the momentum of supply-demand (support-resistance).
You don't need fancy indicators or holy grail salesmen to tell you what you can see with your own eyes if you strip it back to basics.
There's an old saying out which goes something like:-
Trading is simple, but it aint easy
Never a truer word spoken about this industry
