Hello,
This is my first post here. What u think about this trade zone?
If it’s good where u enter? when price touch the zone or u wait for return?
Possible setups to look out for:
EurAud Short H4
AudChf Long and Short H4
AudJpy Short H4 and Daily
CadJpy Short H4 - need to wait for the indicator to retrace to 0 though
EurCad H4 Long
Guys and SR, please comment on these setups so we can all learn 
Yep, keeping an eye on that as well. We need the indicator to retrace to 0 first before we can long, though
Moonie, looks like EURAUD is begining to reverse. Guys anyone here to take the opportunity? The setup looks all good.
Guys, USDCHF just hit 78.6 fib retracement (or sweet spot/ optimal trade entry) lol. Anyone is bullish?
Hi desicad
Thank you for your kind words…
Its not about the money, its about longivity and consistency.
People have this perception that if you are a great trader then you should be able to make millions of dollars. As we all know, its not that easy. Trading involves a process, which includes time and experience. Most people believe that you can easily increase your lot size and make so much more money if you know how to trade. That might be the case for some, however being a great trader evolves from one being consistent and implementing a change in lot size slowly over years to ensure that that consistency is sustained. Going from $10 per pip to $50 per pip in 12 months is highly risky as one does not have the capabilities to sustain the success when they were trading with $10 per pip, as time is the major factor here. Time is the most important element in managing oneself to become a consistent and profitable trader, this is what experience is all about.
Hope this helps!
Welcome Nigelng
The waves indicator is located at tradingit.com, register and download it its free along with other cool indicators and things.
I can’t see a nice SR level there guys, be careful of AUD/USD its in a rally for now
It would be great if you attach a chart so we can see the possible set up…
Hi Oktay
Like that one, there are a few lows that it would have to break to fail, so keen on that one myself…well done!
Look at the significant lows across there are many, you will need to wait for the waves indicator to agree also as the dynamic move…Remember its a 2 part process for this strategy, not just the SR levels but also trading in the direction of the dynamic move as a wave 5…
Where is the teacher? She is hardly seen this week thus far.
And what about the couple of other senior members…Is it because there are no opportunities so far?
edit: Oh she is back…
Hi traderjosh, not sure what you mean, could you please elaborate slightly so i can help. Thanks
What is nice SR level?..I am finding drawing this SR level zone as the most difficult thing, just don’t seem to get it.
I want to draw it manually, but don’t know how to go about it.
Subscribing with interest, cheers
A few things much occur once new highs/lows are reached…
Firstly, there must be a dynamic/impulsive move identified, retraced back to zero, once this occurs:
Secondly, you identify a SR level to use from previous significant highs for a long, and previous significant lows for a short.
Thirdly, draw a zone off these lows/highs then base the size of the zone off the body and wicks.
If you go through all the post especially page 25 #247 it explains the system well.
I only take the first retest of the low/high after retracement, but must coincide with waves indicator back to zero after dynamic move is present.