For an example, I am going to use that 4th trade in my last trade examples.
Here again, is the daily chart >>>
And below is the 4 hour chart >>>
The green line is the correctly drawn CBL taken from the lowest candle.
Now lets go down to the 1 hour chart >>>
The green line marks the CBL entry line.
But it is too difficult to see. 
Lets magnify it >>>
The old entry line (green line) can be seen at the top of the chart.
The new entry line (pink) is in the centre.
Note that the new entry line is also below the immediate SR line.
We have to be careful here that we do not confuse SR lines.
That is why we monitor the trade on the 4 hour timeframe.
The difference between the 2 entry lines is enormous!!
In fact a total of 92 pips (100 pips round figures!!).
So lets have a look at some percentages…
Stop loss = 78.18
Old CBL entry = 79.68
New CBL entry = 78.76
TP1 = 82.58
TP2 = 89.14
OK, some maths…
Before (4 hour)
Worst reward is… TP1 only = TP1-old CBL = 290 pips.
Risk is… stop loss-old CBL = 150 pips.
Worst Risk/Reward = ~ 1:2
Best reward is… TP2 + TP1 = 946 + 290 = 1236 pips.
Risk = 150 pips.
Best Risk/Reward = ~1:8
After (1 hour)
Worst reward is… TP1 only = TP1-new CBL = 382 pips.
Risk is… stop loss-new CBL = 58 pips.
Worst Risk/Reward = ~ 1:6.5
Best reward is TP2 + TP1 = 1038 + 382 = 1420 pips.
Risk = 58 pips.
Best Risk/Reward = ~1:24
That last figure is a staggering improvement!! … 1:24 compared with 1:8
Lets consider the percentage improvements…
In this trade, [U]if we get TP1 only,[/U] we get a 25% improvement in profit.
In this trade, [U]if we get TP1 + TP2,[/U] we get a 13% improvement in profit.
[B]The risk is reduced by an amazing 60%. [/B]
So you can see that just by using a 2nd timeframe we greatly improve our trading efficiency.
[B]NOTE - we do not go down to a very small timeframe.[/B]
If we did we would experience waves like the sea and this would confuse us.
There is a practical limit to how far we can downsize.
OK, I am going away again.
[B]Kockneerebel [/B]and [B]Master Tang[/B] are in charge.
What to do while I am away…
-
Set up your SR lines on the daily/4 hour as before.
-
When the price action approaches an SR line, switch to a 1 hour timeframe (timing chart) and set up the CBL from there.
-
Once the CBL is in place, wait for an entry.
Use the 2 contract money management method (TP1 + TP2).
If you practise this diligently, you will see how simple this method is, and you will also start to make some substancial amounts of pips with little risk!!
[B]But beware!![/B] :eek:
Practise on demo only!!
[B]There is much more to come when I return!![/B]
Hello tymen,
how is your moving?
Best Risk/Reward = ~1:24
sounds good to me
is it all of the naked metod or more material to come?
Also, I have a question
if left CBL line will meet the gap? what to do in this case?
He’s been very clear, there’s much more to come.
It’s compelling stuff though. It not often in life that you get the opportunity to see something that could make you very wealthy one day, unfold before your eyes day by day. I get a strong feeling that, that is exactly what we’re seeing here. Keep up the good work tymen, i’ll get drawing a few lines tomorrow!
Hi Tymen, thanks, very interesting but not so easy for find the exact S/R lines depending our glasses 
this is an example for EU, are this lines correct ?
thanks
hi Mystic,
oh, I saw much more to come ( I probably were typing at the same time with tymen)
It not often in life that you get the opportunity to see something that could make you very wealthy one day,
yes, especially if its the second thing already for this day 
i am lucky !
I’ll get drawing a few lines tomorrow
good luck to you too
example of trade, not sure about it, just for idea cause the entry is near an Support, what do you think guys ?
thanks Renala 
thank you tymen
Thanks man, you too
you are envious,Mystic :rolleyes:
Hi tymen,
I’m back reading and absorbing after a two week hiatus (traveling in Mexico around the Copper Canyon area) and am delighted to find the progress and “new” direction toward naked trading. Also wanted to add my compliments to those of others for the compassionate efforts to aid the young girl from Ruwanda.
Looking forward to more and here’s hoping all goes well with the move.
Wonderful to be back with this group and to watch as the surprises keep coming.
To King: I am one of the ones “on the edge of the chair.”
Nicely done gregart.
One thing I try to keep in mind when looking for the most likely s/r zones is to take peeks at the daily and weekly charts.
Look for common opens and closes along a further length of time.
For instance, right now, you’ll find we are in a range that has some historical significance going all the way back to '91.
Plot 1.3600, 1.3450, and 1.3300 on a weekly chart, and look backwards.
You’ll see the significance when you see how many times those numbers were within 5 to 10 pips either way of being the weekly highs, lows, opens, closes, and key reversal points.
When you are dealing with s/r, it’s more of a range. And of course we all know nothing is hard and fast in this business. Where price reverses one day, it will blow through it the next day like a hurricane. Momentum becomes a factor.
Cheers!
My apologies…would someone please remind of the meaning of CBL?
Thanks
Count Back Line.
Thanks, Master Tang.
On the current H4 for the USDJPY we (at least on my charts) show the same low (93.76)for the last two completed H4 bars. If I draw the CBL from the 0400 candle I have an entry of 94.39 for a potential long entry. However, if I move forward to the 0800 H4 bar I get a 94.00 entry.
So, obviously, I have a lower entry though, technically I am violating the rules because the 0800 is not LOWER than the 0400. Re-drawing seems to make sense because of the lower risk.
Anyone?