The best way to stay consistent!

[StephA]

i’ll stick to 4h and 1d as well, as it has proven to me, that it makes sense. maybe i will ditch 4h sometime, but first i want to “experience” myself, that they don’t work. up to now, they did a good job for me.

The 4hr charts IMO are very good. I just find that some pairs seem to respect previous S/R levels more than others and I tend to focus on those.

[jankes]

The 4hr charts IMO are very good. I just find that some pairs seem to respect previous S/R levels more than others and I tend to focus on those.

What pairs did you notice to behave like this ?

[StephA]

What pairs did you notice to behave like this ?

Here they are:

GPB/USD
EUR/ USD
USD/CHF
AUD/USD
AUD/CAD

[ras]

for those who don’t know, pay attention on CHF crosses, the swiss central bank are very aggressive to keep CHF weakest possible. the price is guided by political factors not by the normally buy - sell activity. this is very easy to see on charts.

the same situation on JPY but with less success…

[billko1977]

Hey SR

Do u take trades with your system that would have u hedged?
For example if you got a sell signal on the usd/jpy
And also got a sell signal on the gbp/usd would u take both trades?
Thanks

[SR_Player]

@jankes

Hi SR Player, just to be sure I got it right. I’ve attached some images of current GBP/USD situation. It looks like a short opportunity except for a fact that the indicator has not retraced to 0. The price has retested previous support level, a resistance now. So, according to your rules this test is not considered the first one because of the indicator not retracing. So before shorting we should wait for indicator retrace and then another retest, right ?

Hi Jankes

Watch the Cable off the weekly there is alot of support there, be cautious for a short off the smaller TF like an hour chart, look at the larger TF’s and you’ll see the support, I expect a push up on the cable today…

[SR_Player]

av just seen this ipulsive move

njoie it needs to retrace back to zero before considering the short on this one

[SR_Player]

this too we could be shorting soon

Did u short that one?

[SR_Player]

i’ll stick to 4h and 1d as well, as it has proven to me, that it makes sense. maybe i will ditch 4h sometime, but first i want to “experience” myself, that they don’t work. up to now, they did a good job for me.

Guys the H4 is the lowest TF I would use for the SR levels, no lower…

[SR_Player]

@pepeelpew

Hello SR Trader, thank you for the explanations.
The indicators you use are only available at tradingit? Can I download it for MT4?
These green and red rectangles you use to identify the resistance and support levels, are they an indicator? Or are they only rectangles which you place on chart manually? Thanks!!!

Hi pepeelpew

I have attached both indicators for you…

Tradingit indicators2.zip (11.2 KB)

[SR_Player]

Hi SR Player!
I appreciate all your efforts to help others…
You have a big heart
many thanks…

Thanks for the kind words regar, much appreciated…!

[SR_Player]

The 4hr charts IMO are very good. I just find that some pairs seem to respect previous S/R levels more than others and I tend to focus on those.

Hi StephA

You are absolutely correct

Pairs such as the AUD/NZD, NZD/JPY, USD/CHF, USD/CAD are nice off the H4…

[SR_Player]

Hey SR

Do u take trades with your system that would have u hedged?
For example if you got a sell signal on the usd/jpy
And also got a sell signal on the gbp/usd would u take both trades?
Thanks

Hi billko1977

I don’t intentially hedge, if the setup meets the criteria regardless of the pairs that I trade, this is what governs the execution.

[SR_Player]

Hi guys

Finally the EUR/AUD has retraced back to these lows, I am currently short…Lets see how she goes

stop 90 pips
Target 300 pips

[TopFroxx]

Hi guys

Finally the EUR/AUD has retraced back to these lows, I am currently short…Lets see how she goes

stop 90 pips
Target 300 pips

dont you think the support at 1.2890 could be in the way? i considered that trade too, but i did not take it, because the support level scared me.

[njokie]

Did u short that one?

no i dint ha i forgot about it after spotting it now i see the impulsive moves could be identified in any timeframe but when it comes to sr level its high timeframes any lessons on taking sr in high timeframes?

[SR_Player]

dont you think the support at 1.2890 could be in the way? i considered that trade too, but i did not take it, because the support level scared me.

Its strong off the weekly TopFroxx…will be fine!

[njokie]

setup market was soo quite today i wonder why? esp the london session

[pepeelpew]

SR Player, how can we pay your kindness? Thank you a lot!
I downloaded and instaled the indicators, I am having troubles with the SR indicator, but I will read the entire thread to see what you already talk about it,
Regards and thank you.

[SR_Player]

EUR/AUD coming down nicely moved down 100 pips so far, expecting much more…