The best way to stay consistent!

[2os]

Hi SR, If the retest of the zone occurs before the indi moves to zero does that mean you should not take a trade that then comes back to S/R. I know you say to only take the first retest but does that apply if the retests occur before the waves indi returns to zero? Thanks, msn

msn - I’m no SR Player but I can offer my take on your question. SR Player made it clear in several posts on this thread that the driving force at the core of this method is the wave 3, dynamic move, that defines for you the direction in which you should trade. It is the FIRST step in spotting trade opportunities. The SR levels are secondary and are used as zones for entry and exit points. They have no value on their own merit. Focus on price action on the chart and the wave indicator. The wave indicator retracing to zero indicates that the dynamic move has probably ended. Only then it is time to look for SR level to mark an entry point. SR zones are more apparent and are easier to spot than the waves. In the beginning we tend to let our focus wonder to the SR zones, overlooking the order in which this process is done. Remember that these zones have no significance on their own. Just because there is an apparent zone doesn’t make it count. Nothing counts before the waves indicator retraces to zero therefore, the answer to your question is that this is not a test of the zone because this zone does not count yet. Wait for the indicator to retrace to zero first. Only then look for SR zone in that area. It is likely to be different than the one you see now.

[msn]

msn - I’m no SR Player but I can offer my take on your question. SR Player made it clear in several posts on this thread that the driving force at the core of this method is the wave 3, dynamic move, that defines for you the direction in which you should trade. It is the FIRST step in spotting trade opportunities. The SR levels are secondary and are used as zones for entry and exit points. They have no value on their own merit. Focus on price action on the chart and the wave indicator. The wave indicator retracing to zero indicates that the dynamic move has probably ended. Only then it is time to look for SR level to mark an entry point. SR zones are more apparent and are easier to spot than the waves. In the beginning we tend to let our focus wonder to the SR zones, overlooking the order in which this process is done. Remember that these zones have no significance on their own. Just because there is an apparent zone doesn’t make it count. Nothing counts before the waves indicator retraces to zero therefore, the answer to your question is that this is not a test of the zone because this zone does not count yet. Wait for the indicator to retrace to zero first. Only then look for SR zone in that area. It is likely to be different than the one you see now.

Thanks for you help, msn

[georgezorro]

[B][B][U][/U][/B][/B][B][/B][B][/B]I first visited this site many years ago and looking back now it was the smartest thing I ever did. A big thank you for the people who got me to where I am today with my trading, you know who you all are!!!

The world of forex trading as we all know has evolved so much in the last 10 years, and as traders we all undergo a process to learn how to trade so we can generate some great money consistently. We are all aware that what constitutes success in trading involves a process from a great trading system, risk management, psychology, structure, planning, execution and managing. There are many great trading systems/strategies out there, it’s really up to us to implement them in a way that we find this consistency.

I wanted to take the time to be as blunt as possible and run through what I have found to have helped me the most in my 10 years of experience trading FX. Firstly I would like to run through the trading set ups that I take. I am not here to say the way that I trade is better than anyone else’s way, I just feel obligated to share my system and thoughts because I have been fortunate enough to have come across some great profitable traders that taught me this way…If this has an impact on 1 person than I am more than happy.

This system is based on technical analysis. One of the most important things that I was taught was to train my eye and look at reocurring patterns in the charts. Pull up any currency pair on any timeframe and you will notice that price will act as a magnet to certain previous highs and lows in the market.

This system is based on pure price action and involves using price as a level of support and resistance. Lets focus on what I deem to be support and resistance. I do NOT consider double bottoms/tops as a form of support and resistance (for you conventional traders out there please don’t yell at me lol). What I do consider support and resistance is basically when price makes a new high then comes back and retraces to a previous high, I consider this as Support, when price makes a new low and retraces back to a previous low then this is considered resistence to me.

I have attached a chart of the live market on the EUR/USD, watch the green zones I have highlighted, once price has penetrated a high it retraces back to the green zone for a BUY entry. For a SELL, the red zone comes into play once a low has been broken forming a new low then the price retraces back to the red zone for a valid short.

The old saying comes into play what was once support now acts as resistance, and vice versa. This is the golden rule!!! For me I have found that this way of entering the market is the best form of entry with no or little heat against you in most cases.

Go through the charts and you will be pleasantly surprised how these types of set ups are everywhere, ocurring everyday in any market and on any timeframe.

The hardest part to any trading system is to define the trend, as this is the most important element to trading this system…As the days, weeks and months unfold I will be sharing how to clearly define the direction you want to trade along with specific entry and exits points…Here’s a hint let the market do what it wants to do, we do NOT have any control over this, let it decide then we execute…

Hope this helps

Is this system still working ?.
I just thought that FX market start from mid 2012 has changed significantly until now.

[Happy_Green]

Hi Bro,

Could you send me the indies for the support and resistance level ?
Thank you

[B][B][U][/U][/B][/B][B][/B][B][/B]I first visited this site many years ago and looking back now it was the smartest thing I ever did. A big thank you for the people who got me to where I am today with my trading, you know who you all are!!!

The world of forex trading as we all know has evolved so much in the last 10 years, and as traders we all undergo a process to learn how to trade so we can generate some great money consistently. We are all aware that what constitutes success in trading involves a process from a great trading system, risk management, psychology, structure, planning, execution and managing. There are many great trading systems/strategies out there, it’s really up to us to implement them in a way that we find this consistency.

I wanted to take the time to be as blunt as possible and run through what I have found to have helped me the most in my 10 years of experience trading FX. Firstly I would like to run through the trading set ups that I take. I am not here to say the way that I trade is better than anyone else’s way, I just feel obligated to share my system and thoughts because I have been fortunate enough to have come across some great profitable traders that taught me this way…If this has an impact on 1 person than I am more than happy.

This system is based on technical analysis. One of the most important things that I was taught was to train my eye and look at reocurring patterns in the charts. Pull up any currency pair on any timeframe and you will notice that price will act as a magnet to certain previous highs and lows in the market.

This system is based on pure price action and involves using price as a level of support and resistance. Lets focus on what I deem to be support and resistance. I do NOT consider double bottoms/tops as a form of support and resistance (for you conventional traders out there please don’t yell at me lol). What I do consider support and resistance is basically when price makes a new high then comes back and retraces to a previous high, I consider this as Support, when price makes a new low and retraces back to a previous low then this is considered resistence to me.

I have attached a chart of the live market on the EUR/USD, watch the green zones I have highlighted, once price has penetrated a high it retraces back to the green zone for a BUY entry. For a SELL, the red zone comes into play once a low has been broken forming a new low then the price retraces back to the red zone for a valid short.

The old saying comes into play what was once support now acts as resistance, and vice versa. This is the golden rule!!! For me I have found that this way of entering the market is the best form of entry with no or little heat against you in most cases.

Go through the charts and you will be pleasantly surprised how these types of set ups are everywhere, ocurring everyday in any market and on any timeframe.

The hardest part to any trading system is to define the trend, as this is the most important element to trading this system…As the days, weeks and months unfold I will be sharing how to clearly define the direction you want to trade along with specific entry and exits points…Here’s a hint let the market do what it wants to do, we do NOT have any control over this, let it decide then we execute…

Hope this helps

[Trueman23]

hey happy green think you are digging an old grave …take a look at the date bro

[bacheelor]

Is this system still working ?.
I just thought that FX market start from mid 2012 has changed significantly until now.

Of course it still works. This is a legendary thread by all means.

What has changed since mid 2012 until now in your view?
Sure the volatility is problably a bit lower but other than that it is still the same.

[bossv]

Hello, so I was looking in this thread from the beginning. And my question is when market touch your level, how do you know will it go up or down? I was looking at the provided pictures and levels are red and green. red means it will go up, and green it means it will go down. But how to know that?

[bacheelor]

Hello, so I was looking in this thread from the beginning. And my question is when market touch your level, how do you know will it go up or down? I was looking at the provided pictures and levels are red and green. red means it will go up, and green it means it will go down. But how to know that?

SR Player is no longer present in this thread. Key word “Impulsive moves”, my suggestion is that you read the entire thread a couple of times (like i had to) and then you will start to get a pretty good grasp of the concept.

[ramohed]

SR Player is no longer present in this thread. Key word “Impulsive moves”, my suggestion is that you read the entire thread a couple of times (like i had to) and then you will start to get a pretty good grasp of the concept.

The indicator could be had by Googling 11_supdem. This system is based on elliot waves. Just read the thread from the beginning. It will open your eyes.

[ramohed]

SR Player is no longer present in this thread. Key word “Impulsive moves”, my suggestion is that you read the entire thread a couple of times (like i had to) and then you will start to get a pretty good grasp of the concept.

SR Player seems like an honest and good person but the company Trading IT is a fraudulent company which goes under several names. While doing due diligence , I could not find any information on the company. Further digging lead me to this link. ( I cannot post the link .Baby pips rules). I hope she did not get caught up in the company’s hype of free stuff. I sincerely hope she is all right. Do some searching on the net.

[bacheelor]

SR Player seems like an honest and good person but the company Trading IT is a fraudulent company which goes under several names. While doing due diligence , I could not find any information on the company. Further digging lead me to this link. ( I cannot post the link .Baby pips rules). I hope she did not get caught up in the company’s hype of free stuff. I sincerely hope she is all right. Do some searching on the net.

Hey Ramohed,
Yeah SR seems legit and she does not strike me as a troll with bad intensions. In fact it´s one of the VERY few threads out there where the author does not bait you in to buying something.

Yeah i´ve read about Trading IT. Do not know if they´re fraudulent or not, can not say for sure but their website seems to have vanished some time after or around the 2015 SNB debacle(again not sure if my memory serves me right).

I have done some searching on the net but am unable to find anything of use.

Edit:

This is by far the best thread i´ve found and believe me i´ve read a few.

[artieboy]

I just wanted to say this is a great thread. I just came upon it and am reading through it. Definitely subscribed

[Butter_Kiss]

It is a great thread to learn and gain more knowledge of Forex. Subscribe it, to learn more and more and expand your skills with it.

[H2TForex]

good analysis, I think you’ve spent enough time with forex now hahaha