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- Islandfx911 replied 15 hr ago
Short AU. I liked the look of 30m line chart pull back to resistance. Will it work, who knows, but you have to take them. SL is tight at 2pts. TP +24 so worth a go. image
- Islandfx911 replied 39 hr ago
Just a quick Gold trade, it's at +1 so nothing lost. image image Update +1. That's it for today $ target reached Time for refreshments
- Islandfx911 replied 39 hr ago
Hi Traders, I liked the look of AJ. Same 123 set up as earlier UJ trade. 2 separate lots on this as two different types of entry. image Trades are at +1 Update: 1st TP reached, 2nd trade at +7
- Islandfx911 replied 44 hr ago
Hi Traders, UJ trade this morning. Trend is up, impulse move through resistance, pullback to support. Long at 160.886, SL 160.816 (-7), TP 161.166 (+28) 4R I am going to post a line chart and a candlestick chart. You will see why I prefer line ...
- Islandfx911 replied Jun 30, 2024
Hi Traders, I hope these charts have shown how I plot SnR. I have overdone the amount of examples to answer questions from private messages. My trading is very basic, all I do is look for bullish and bearish reactions at SnR. I monitor 4hr 30m and ...
- Islandfx911 replied Jun 30, 2024
Option 1. Look for longs off key support. Stick with trade bullish as long as possible to a resistance level circa +60pips image
- Islandfx911 replied Jun 30, 2024
Key SnR to monitor for entries. Price has been kept above 1.26354 this tells me that at this stage I should be bullish on Monday. Anything can change at open though. image
- Islandfx911 replied Jun 30, 2024
The 15m Chart is showing that price rejected 1.26354 support multiple times, also note the daily open was 1.26354. image
- Islandfx911 replied Jun 30, 2024
Hi Traders, On the 30m chart of GU there is key Support and Resistance at 1.2635. I would pay attention to this number over the coming days and watch how price reacts at that price. image
- Islandfx911 replied Jun 30, 2024
On this chart I have added some 30m SnR lines and adjusted the 4hr SnR lines. I use this side by side with candlestick chart. I will explain later, gotta go out for a bit. image image
- Islandfx911 replied Jun 30, 2024
This is the 30m chart with 4hr SnR lines plotted. Does not look like much at the moment does it? image
- Islandfx911 replied Jun 30, 2024
All the charts I have posted today will give you an idea / understanding of how I look at SnR. I will say that what you do and how you trade is completely up to the individual. I am just showing what works for me. The 4hr chart is where I start my ...
- Islandfx911 replied Jun 30, 2024
This chart is the 4hr with multiple lines plotted of all significant SnR. It is too crowded to trade like this so I will save it as a template because I will only use nearby SnR for lower time frame trades. image
- Islandfx911 replied Jun 30, 2024
As you can see from the charts I am building a picture in my mind of where SnR is, and by doing this analysis I am increasing my chances of getting the right the lower time frame trade.
- Islandfx911 replied Jun 30, 2024
OK, lets start looking at the SnR lines and which ones will come into play. I have added a red line because it has bounced off SnR four times. As you can see the lines have space between them, this creates a SnR zone of which is significant to your ...
- Islandfx911 replied Jun 30, 2024
Next. I have plotted black lines that I consider the strongest of SnR. Nothing much has changed, the SnR on Monthly, Weekly and Daily correlate pretty well. image
- Islandfx911 replied Jun 30, 2024
Now I am going to start to fine tune the SnR. You have to remember that plotting SnR does not have to be exact, you may plot a line on a different peak or trough than what we would. Don't stress about it, we just need to be in the area where we can ...
- Islandfx911 replied Jun 30, 2024
Now the daily time frame chart with SnR lines and rectangles in same location. image
- Islandfx911 replied Jun 30, 2024
The next chart is Weekly. I have left the rectangles that were plotted on the Monthly chart so you can see them on the lower time frames. As you can see the lines are pretty close to the line chart peaks and troughs. At this stage I have not moved ...
- Islandfx911 replied Jun 30, 2024
Hi Traders, I have had some messages regarding the system and wanted to post charts on how I do my weekend analysis. There may be differences between the way Em and I plot SnR on our charts but the end result should be the same. If you have any ...