The best way to stay consistent!

[TheSharptrader]

I've been trading this way for the last 7 years in terms of finding an associated entry/exit point like this. I am a major fan of elliot wave analysis to help determine the trend. I have simplified it's complex nature by applying the basic principles along with the SR levels. Consolidation is very important to the way that I trade as it generally states that it's in a correction phase when this occurs, so I study these types of phases intensely.

Monthly returns averaging around the 30-40% mark since its inception.

I'll touch base early next week in more detail, I've gone away for the Easter break so I shouldn't be on the pc as we speak lol...

Nice work I make 15-20% on 1% risk.

[Greg Jones]

Have a great Easter Break SR Player! Yes the charts are blurry to me. I look forward to learning more about your approach especially steps in identifying SR levels and then taking advantage of the SR levels for entry and exit.

Thanks,
GJ

[Muneeb]

What settings are you using on MACD

[Shiyin]

Hi SR player, great post i hav been trading on a demo account for few months using support n resistance but i still dont make consistent profit on my account thats y im not moving on to a live account do u use trend line as resistance as well? N is support n resistance alone enough to look for a setup or do u use other strategy as a confirmation?

[KingKaivar]

Hi SR. It looks like you have a simple and logical trading system. I'm interested in future posts.

I'm wondering in how you setup an entry order. Do you use a limit order that is triggered once price enters a red or green zone?

[sufiansaid]

Interesting thread. Subscribing.

[NimbusFx]

Subscribing and ready to learn

[Greg Jones]

Here is my first trade with the method as I understand it. Feedback would be appreciated. Thanks GJ

[TheSharptrader]

Here is my first trade with the method as I understand it. Feedback would be appreciated. Thanks GJ

<img src="http://forums.babypips.com/attachment.php?attachmentid=24094"/>

Looks nice, I prefer large pullbacks, it looks more like a consolidation break but still a nice setup.

[Greg Jones]

yea, acting like consolidation too. I'm still in trade, I think it will pop one way or the other soon.