The best way to stay consistent!

[SR_Player]

@mooniekool

NZDCHF Daily. It seems like a legitimate set up for me, what do you guys think? Very distinctive support and has not been tested. Just short at the top of the support level ?

I dont have this pair, however looks ok, I cant study the impulsive moves on all TF so just wait for the criteria to be met

[SR_Player]

I shorted the Eur/Jpy after a retest off significant lows and dynamic move

[mooniekool]

Hi SR,

Can you take a look at my audnzd chart. This is the H1 chart. Would you say the yellow area as the first retest and pink area as the second retest ? However, in the H4 chart, the first (yellow) retest did not appear. So doyou zoom in the H1 (or smaller TF) chart for the first retest entry or just keep the H4 perspective? Because if I look at it from H4 totally, I will miss the yellow entry.

I see that you manage to get in 1st retest for EURJPY but for me the retest is hard to see. How do you decide that the price has penetrated enough to the downside (outside the SR zone) before looking to short it? Sometimes the penetration is just a fakeout and the support zone may hold and price come back up.

Thanks

[piptronix]

Hi SR player
Thanks for this great thread, I just discovered it.
May I ask what time frame is in this chart, its hard to see from the image.
I know you like the 4hr chart, but when I look at my chart I can’t see exactly where you took this trade.
Also, in your previous post(#577) for the AUD/NZD long setup, its a bit hard to see exactly where you drew your SR box.
Is it possible to make the charts a bit more clear?

thanks a lot, and keep it up the good work.

I shorted the Eur/Jpy after a retest off significant lows and dynamic move

[SR_Player]

@mooniekool

Hi SR,

Can you take a look at my audnzd chart. This is the H1 chart. Would you say the yellow area as the first retest and pink area as the second retest ? However, in the H4 chart, the first (yellow) retest did not appear. So doyou zoom in the H1 (or smaller TF) chart for the first retest entry or just keep the H4 perspective? Because if I look at it from H4 totally, I will miss the yellow entry.

I see that you manage to get in 1st retest for EURJPY but for me the retest is hard to see. How do you decide that the price has penetrated enough to the downside (outside the SR zone) before looking to short it? Sometimes the penetration is just a fakeout and the support zone may hold and price come back up.

Thanks

Hi Mooniecool

Yes you are correct with both retests.

Sometimes it helps to go to a lower timeframe to see the retest when using higher TF like the H4, however prior to the SR levels coming into to play we must find the dynamic move, in this case we had the dynamic move occur just before the 2nd retest off the 1 hr on the AUD/NZD, look at the blue highlighted area on the chart at the tradingit.com indicator.

Also visit page 25 post #247 for the first part of the system in relation to dynamic/impulsive moves.

Hope this helps

[njokie]

Yes it was a valid SR level, but the waves indicator dynamic move would of needed the H1 to be used, as the H4 did not retrace back to zero

thenx SR for your clear explanation i realize that even if u swtiching to lower timeframes the sr does not change so i guess its wise to draw the sr level in higher timeframes then wait for retracement of the zero line in any other lower timeframe without changing the sr its slowly sinking in

av been able to spot dynamic waves and sr levels but i miss entrys coz of sticking on 1 timeframe

[SR_Player]

@oktay

just reviewing the SR thread when a new low or high appears then we look for retrace and enter right there , as you see below jankes in daily chart the candle i showed braked the previous low then i followed in 1 hour chart for price to test that new resistance zone to enter , about the waves you said , i my self is working on elliot waves still gathering some info to know where the move is dynamic or not , hope that SR player help us more about the wave indicator
1:3 ratio as the thread rules however sometimes when i am more sure the trade i do more risk.

Hi Oktay

I will do exensive lessons for you guys in understanding elliot wave theory in its most simplest form soon. I have been approached by a few people to teach them, so I will share everything with everyone, just have to find the right environment to do so.

[SR_Player]

@jankes

Where did you enter and what r/r ratio did you manage ?

I’m having some problems evaluating the wave indicator. In this case it has retraced only on M15 and lower, on the other hand the trade would have gone very well if entered on the first retest - around 120 pips as of now:

To be honest I can’t see any retest in EUR/GBP… it seems very messy to me. Can you possibly say a bit more or maybe post a screen ?

Hi Jankes

Can I help you with anything in relation to the waves indicator?

[SR_Player]

@maxximuz

Hi guys,

Is this a valid long setup? Appreciate your comments.

Thank you

Hi maxximuz

The SR levels are not correct there, if we are going lon we need to use previous highs, for shorts we need to use previous lows as the zone…Please read the thread in detail for more assistance. Thanks

[SR_Player]

@cyanidez

LOL, I don’t think SR Player is interested in starting a signal thread

njokie, something that I might highly recommend for you to do if you don’t do it already is to start keeping a trade journal. This way you can go back over your past mistakes and see for yourself where you went wrong and how to correct it. It’s VERY powerful!

Cheerz

Hi cyanidez

I have been asked by a few to start a signal service, if this helps I am in the Live Trading Room daily at Trading it | Learn to Trade on the Foreign Exchange | Free Forex Training Courses | Free Forex Signals | Forex Trading Tutorial | Learning Forex | Learn to Trade on Forex | What is Forex Trading

[mooniekool]

Thanks for your guidance, SR.

This is the GBPCAD Daily chart. I hope this time I got it better. We got the impulsive up move with the highest peak on the indicator and it already retraced to zero and the price seems to be going back up. Significant resistance turned support on the right. What do you guys think about this set up ? I’m not trading it since it’s NFP today but just want to learn.

My only concern is that it seemed to be tested already once on 3/5.

[oktay]

Hi Oktay

I will do exensive lessons for you guys in understanding elliot wave theory in its most simplest form soon. I have been approached by a few people to teach them, so I will share everything with everyone, just have to find the right environment to do so.

Hi SR Player

That would be great , i have great enthusiasm at your thread and working on it hard, following the market and finding SR , the best part.
your efforts are highly appreciated, by starting the elliott waves thread expands more.

[jankes]

Hi Oktay

I will do exensive lessons for you guys in understanding elliot wave theory in its most simplest form soon. I have been approached by a few people to teach them, so I will share everything with everyone, just have to find the right environment to do so.

Hi Jankes

Can I help you with anything in relation to the waves indicator?

Hi SR,

I was glad to learn you plan to dive into elliot wave theory so I will wait for that. Thank you for your commitment.

[TopFroxx]

about to short euraud

[jankes]

about to short euraud

Isn’t this a second retest ?

[TopFroxx]

wow, also look at gbpusd weekly… if this support breaks…

[TopFroxx]

Isn’t this a second retest ?

i don’t define it like that but i see your point. for me the area i was looking for wasn’t quite reached before. just my opinion, porbably not 100% conform with SR players method

[piptronix]

Hi guys, I’ve been following this thread with some interest over the last two days.
Have you guys ever thought about adding pivots to help determine support and resistance?
According to my charts, EurAud is at R1, a good place for a sell, but I know very little about that pair, and this system is
still new to me.
Anyone use pivots?

i don’t define it like that but i see your point. for me the area i was looking for wasn’t quite reached before. just my opinion, porbably not 100% conform with SR players method

[jankes]

i don’t define it like that but i see your point. for me the area i was looking for wasn’t quite reached before. just my opinion, porbably not 100% conform with SR players method

Share your ideas, any thoughts are certainly welcome

[jankes]

wow, also look at gbpusd weekly… if this support breaks…

Same with AUD/USD