Hey guys, i have a few points i need clearing up. Im starting to believe that is the level not the candlestick pattern that is important. Once i start looking for dojis, IB & OB they can be found everywhere but i low risk trade occurs when a trigger occurs at a level thats in play, is this a correct assumption?
This leads to my second question, do you only look at and trigger trades based on levels from the higher timeframes? Sometimes important levels can be a few hundred pips away. Do you play minor s/r levels in the direction of the main flow or is it better to stick to the major levels?
The following screenshots illustrate my point, we have a resistance line at 1.4806 but we also have a zone around 1.4685-1.4670 thats slap bang in the middle of my levels of interest, would engaging on and around the zone be seen as a high risk entry?
Thanks
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