Here's a typical example this morning on the Cable of identifying s&r opportunities in tandem with dominant trend flows.
There was another clear opp yesterday on both Cable & Euro, bouncing off a visible s&r pitch.
I haven't traded this one, I don't utilize this set-up, but it's a popular strategy in these parts & both of the girls have used it as a valid example in explaining the activity & behavior of price action as it vibrates around the common s&r zones.
The object is to identify decent risk-reward opportunities around dominant price action.
The generics can be utilized across all timeframes, I've simply used the timeframe which James advises & teamed it up with the concepts of lower high behavior on a buddy (1min) timeframe to magnify & focus the trigger entry.
These types of opportunities are the ones you might want to practice spotting & preparing for.
They're not difficult to identify & you already got yourself another thread (40-100pip) to work in harmony with to cut your teeth on.
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