I'll echo that Dutch, thankyou pharley for your detail. Also thanks to stevepatt for a look at the SD side

Support and Resistance Method - Pharley

Nicely put pharley Thanks

Support and Resistance Method - Pharley

Sorry aaeran only just seen your post. Yes I have a sort of a pin but a bit difficult to see your chart as, for some reason, the Daily and the Weekly won't expand

Support and Resistance Method - Pharley

pharley's EURJPY trade is just hanging currently

Support and Resistance Method - Pharley

Hi aaeran Things are a little slow this morning on the charts on London session perhaps US will bring more activity this afternoon No pin on my charts on H4, that's the problem with H4 varies greatly with brokers time, but nonetheless I see where ...

Support and Resistance Method - Pharley

I would just like to add my two pence worth on Supply/Demand and Support/Resistance (that's an excellent pdf file on that thread btw relaxtrading) I have a trading buddie that very successfully trades SD using futures data, and I believe that on ...

Support and Resistance Method - Pharley

Still don't know what Shouts are !!

Support and Resistance Method - Pharley

You're one down from royalty

Support and Resistance Method - Pharley

Good question, I've never understood that either!

Support and Resistance Method - Pharley

Hi pharley You wrote a great line here:- 'Oh no-one knows! We're all guessing most of the time, or using some basic PA principles to take a best guess at what price will do. Hard to do that, so just trade what you see. If it works out that's great! ...

Support and Resistance Method - Pharley

Hi pharley Nice work mate A word about your TPs, were they all at 90% of the last swing down on the Daily?

Support and Resistance Method - Pharley

Yep pharley To quote a very famous trading book Reminiscences of a Stock Operator 'It's the sitting on my hands and doing nothing that made me the most money'

Support and Resistance Method - Pharley

Hi pharley You were spot on when you said there is of course an element of luck in trading. Take your EURAUD trade today, China deciding to devalue the Yaun by an unprecedented amount sending the Aussie down and news on a new Greece bailout sent the ...

Support and Resistance Method - Pharley

This is typical August trading with low volume so lower volatility. A lot of bank traders are on holiday and most western governments are on partial holiday close so not many decisions being made and lots of big traders not at their desks. Of course ...

Support and Resistance Method - Pharley

This has been a phenomenal trade on EURAUD pharley EA can be like this, when it goes it really goes! It's a 330 pip day so far with no real pull back ! I was forgetting that you're on the other side of the world from me

Support and Resistance Method - Pharley

Thanks Sunny for your comments and for your better explanation on 'Big Boys' trading. One thing I would mention is that I know that Credit Suisse in London for instance don't really trade Saturdays at all, their trading floor is virtually empty then ...

Support and Resistance Method - Pharley

This is turning into a great thread, thanks to pharley for starting it and laying out his Support and Resistance method. I've been a member on FF for some six years now and have been trading Indices and Futures, and lately Spot FX, on and off for ...

Support and Resistance Method - Pharley

Just to add sometime on time frames. I was once told by a successful trader that the Weekly time frame is quite unique, in that it's the only one that has a definite stop i.e. all markets are closed the world over on a Saturday! Daily charts can ...

Support and Resistance Method - Pharley

Yep nice one pharley. I guessed that you'd put your stops there. You're giving me some confidence here, thank you. Your thread's getting some big hits by the way

Support and Resistance Method - Pharley

Hi pharley Did you change your mind and enter for the second trade on the close of the big up bar rather than a pull back?

Support and Resistance Method - Pharley