Chart Vs Price level
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Thread: Chart Vs Price level

  1. #1
    This is my 12th year trading Currency Market and like every one I learn by studying and looking charts and indiors. And I was barely successful to say the least.
    But 2 years ago I decided to ditch all of charts and indiors and only concentrate on price and I have never return since and my trading've improved radically. I have reach a point where I can accurately read price amounts of EU with over 70% accuracy with at least 2x reward ratio with between 5-15 pips stop. Others pairs such as AU UJ GU are penalized but initial findings indie using SL to achieve rewards which I am not comfortable with now in contrast to EU.
    In retrospection I'm convinced that I'm right and that charts and indiors simply can't let you know exactly what price will do next aside from revealing what had occurred. Those thousands of charts and indiors posted in this forum are great for after the fact analysis which is not at all useful in showing you how to develop a strong trading egy to see the market price correctly. Whereas price levels show the 'now' and PA until either the resistant price level held or support level is broken revealing a path to respond. For example the current EU PA shows me that it is moving south with resistant at 12249 along with another level is 12190 and when breached the new resistant will be at 12225 and so on and so forth.
    Of course I will have to post more reside trade price amounts in due course to prove robustness within my approach but more significant is that I want to demone that Price Amounts are indeed more prominent and more effective compared to Charts and Indiors when the forward looking price readings are read correctly.
    I will leave you all to find out and decide for yourselves when I'm right in my evaluation.

    Cheers
    GS

  2. #2

  3. #3
    I had been thinking nobody is receptive to this thread and was thinking to bin it now that you will find at least some interests shown I'm obliged to share what I learned to help lessen the pains that is required to develop a robust and tradeable method to trade the Forex market with all of its different market requirements.
    I won't reveal the comprehensive methodology but even though I'll to transmit just 50 percent of what I know you'll be rest assured you won't lose more than you can afford to lose.
    I will first concentrate on EU pairs and start from the very fundamental arts of scalping that's critical to know before you can progress to longer time period. But believe me scalping is the least risky and most effective of method becos it's in perfect sync with the daily price actions movement requiring just 6-10pips risk to garner 30-50pips rewards consistently and on a regular basis.
    Honestly I sucked in eduing becos my egy is quite responsive to price actions with quite fluid and dynamic entry/sl/exit price amount.
    It's something like if price achieve this lvl and does not breach this lvl then we input, place our sl, and await tp to strike. With accuracy rate of 8/10 it fail evidence in term of RRR.
    As a result of my desire to keep my method completely private and also the fact that I'm trading knowingly and also my progress age I may fight to constantly provide trade inputs consistently. I would therefore kindly ask you to ask me my trading views before you input any EU trade.In this way you're able not just to pick up some pointers from me and find out but you're also have the ability to judge if my views is actually worth its salt and also if I can really do what I claimed I can do.

    Cheers and Decent pipping to all.
    GS

  4. #4

  5. #5
    Interesting! A picture of a chart will explain a lot simpler than words. Waiting for your very first chart.

  6. #6
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    Quote Originally Posted by ;
    I will first focus on EU pairs and start from the very basic arts of scalping which is critical to understand before one can progress to more time frame. But believe me is the least risky and most productive of technique becos it's in perfect sync with the daily price actions movement requiring just 6-10pips risk to garner 30-50pips rewards always and on a frequent basis. Frankly I sucked in teaching becos my egy is very reactive to price actions with very fluid and lively entry/sl/exit price...
    Gathering from your words highlighted. Trying. Entrance might be improved with arrow at yesterday's high.

  7. #7
    Quote Originally Posted by ;
    I was thinking nobody is receptive for this thread~ GS
    That's probably because you stated Of course I will need to post more live trade price levels in due course to show robustness within my way but more significant is that I wish to prove that Price Levels are indeed more dominant and effective than Charts and Indiors when the forward looking price readings are read properly.
    then did not post anything for more than a month.

    Hope that you now have a thread that is successful.

  8. #8
    I really don't see what you mean by chart and price. Would you mean price as being a nude chart and a chart as being a chart (representation of price history) with plenty of funky spaghetti lines?
    Since in the event that you have just the price (which I mean like being the current, instantaneous price, of the most recent tick only, without any history) how can you determine levels you're talking about in your initial article, etc?

  9. #9
    Quote Originally Posted by ;
    quote Gathering from the words highlighted. Trying. Entrance could be better with arrow in the high of yesterday. image
    Sorry I trade with pure price level without the need for chart.
    You brief trade will simply be in the cash if price stay below 12335. Above that is good for another 35-60 pips into the north.
    Good luck.

  10. #10
    Quote Originally Posted by ;
    quote That's probably because you stated Of course I'll have to post more live trade price amounts in due course to prove robustness in my method but more significant is that I need to demone that Price Amounts are indeed more dominant and powerful than Charts and Indiors if the forward looking price readings are read correctly. And then did not post anything for over a month. Hope you have a productive thread.
    Fair enough ...I will not do it afterward.

    Cheers

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