Yeah I like it there, Ive averaged out to 0.7960 that’s where I would Long…Go for it!
Hi SR Player,
I’m reading to your thread, as a newbie, and I really like your way of trading.
Everything is pretty clear, but when I came across TopFroxx screenshot I was a bit suprised that you both are planning to go long.
In my screenshot it seems as if support is broken, and I would wait for a retracement to that zone to enter short.
Can you, or TopFroxx (or anyone else) explain why you would go long? Is that because of the 0,80000?
Thanks in advance
Kind regards,
counterquestion: what support do you see broken?
Hi TopFroxx,
There are 3 lines in my screenshot, the first and second are, in my opinion support that have been tested in the past.
The third line is the 0,80000 line.
Kind regards,
Nice and very good question, Pippy. why would go long there? I would wait also for a retracement and go short. TP would be max 0,8000. This is what I see…
Thank you for your reponse… Just what I was looking for.
I started using this method over the last Couple days
and have done very well with it on the 1hr and 4hr time frames. Thanks again
well done billko1977
Psalda still support level there from previous highs off weekly
Hi SR player, Thank you for your great thread,
what is your idea about this EUR/CAD to go long now?
we have a support from 2011.01 tested many times , looks like a strong support.
Hi oktay
I dont trade Support & Resistance like this, for example I dont like considering double or tripple tops/bottoms as key areas of SR Levels.
I prefer when the market makes new lows then retest for a short, and new highs then retest for a long.
Look at the chart below as an example, new lows were made then retested the previous significance lows in the zone, on the same EUR/CAD chart you attached.
hope this helps!
hi rs player!
i am thank full that you are create this thread…
this levels, dynamic r \ s, it seems they are the point of interest for the pro’s to open their positions and create impulse of the price…
this long on eur-gbp wold be a long in a down trend - how do you trade counter-trend, what is the logic, what elements do you consider, if you can explain a bit… 
at which level wold you enter long exactly? how do you choose the exact enter price?
thanks!
Hi ras
If you go to page 25 of this thread and post #247 it explains the 2 part process of this system.
Hope this helps
Possibility of a short in the next few days on the EUR/AUD off the Daily…Pending order in at 1.30002
Let’s see what happens!
thats a clean setup forming its amazing the way u flip on diff timeframes to get setups
njokie its all about time and experience, it will come, just train your eye…
Hi Sr Player, how big of a stop loss would you be using in this example off a daily chart? I would assume it would need to be pretty wide?
Thanks
Just above the upper zone StephA, on this particular trade about 60pips on the EUR/AUD, target about 200 pips just over 1:3 ratio.
Hi Sr Player regarding the euraud pending order hasn’t that area already been tested and this would make it a double top, sorry if this is a silly question only just started to follow your thread and I am very interested in your method
First I just want to say that it’s pretty amazing that u take the time to answer everyone’s questions. Thank you.
If u don’t mind me asking, roughly how many trades do u find per week?
Hi ameese
No it hasn’t look very closely there are 3 significant lows there, only 1 low slightly with a wick, it’s also a strong area off the weekly if you take a look, you will see the lows…
No such thing as a silly question, please feel free here!