What are your thought on this Pharley? I am looking for a buy signal at or around the 200 EMA or a support line in that area (I know you don't use indicators but I think the 200 EMA adds weight to my view). The last weekly candle shows a big ...

Support and Resistance Method - Pharley

Pharley, do you ever use the 38.2 or 61.8 Fib levels for entries if you get a valid PA signal at that level?

Support and Resistance Method - Pharley

For anyone struggling with Fib settings here is a link to quite a handy tool. If I remember correctly I think you need to sign up before you can get it but it doesn't cost you anything. It doesn't come with a 50% level but there is a 48.6 level ...

Support and Resistance Method - Pharley

I actually looked in to this yesterday. A yellow flag means that you are a medium impact member. Its about the amount of other members who are subscribed to your threads I think. Red is high impact.

Support and Resistance Method - Pharley

Ah I see what you've seen now. You might be right!

Support and Resistance Method - Pharley

Was going to target a bit lower Pharley. I thought it might make 124.50. You don't agree?

Support and Resistance Method - Pharley

CHFJPY head and shoulders pattern (30 M TF). Room for a short beofre going long? Im in for the short and am keeping an eye out to go long. image image

Support and Resistance Method - Pharley

Hi gsbharaj, I too am interested in Harmonic patterns and trading. Do you use an indicator or have you drawn everything on your charts yourself?

Harmonic pattern trading

Pharley, Absolutely outstanding is all I can say! I think you have shown us all the way to go. Very inspiring. I think that besides the basic strategy one of the most important things that you said is that you just concentrate on 1 pair at a time. ...

Support and Resistance Method - Pharley

CHFJPY approaching support?? image

Support and Resistance Method - Pharley

I know I did refer to the 200 EMA above as that was my 1st thought when I glanced at the chart. After drawing on a couple of trend lines I thern noticed the wedge. I understand that you don't like too many indicators and that you want to keep it ...

Support and Resistance Method - Pharley

I was just referring to the trend lines mate. Price is currently near the tip of a wedge. Who knows which direction it will break out.

Support and Resistance Method - Pharley

EURUSD is in a bit of a wedge. I would wait for a breakout and pullback before jumping in. Just my opinion. image

Support and Resistance Method - Pharley

Might be worth seeing if it breaks below the 200 EMA followed by a pullback and re-test before going short. Don't you think?

Support and Resistance Method - Pharley

Apparently gaps that appear at market open on a Sunday night close again about 90% of the time. Gaps = good opportunities.

Support and Resistance Method - Pharley

Another way to look at this which would allow for multiple entries........ There is a pin bar which invalidates some of what I have done here but please if you ignore it I think this is a good example. image image image

Support and Resistance Method - Pharley

Here is my effort on the GBPNZD that I posted yesterday. It hasn't quite worked out 100% as I missed the 1st retrace but I'm hoping to get a 2nd entry if price comes back down to retest the trend line. Really happy with this method though - thanks ...

Support and Resistance Method - Pharley

GBPNZD. Sorry I dint realise. Not sure why it won't enlarge.

Support and Resistance Method - Pharley

Obviously there is no daily pin bar but I still see multiple reasons to buy. Horizontal support line. Diagonal trend line. Strong pound. Weak Nzd. Nice tight stop loss. Good risk reward ratio. Might not work out but it's worth a shot in my book.

Support and Resistance Method - Pharley

Sorry I'm not quite sure what you mean T12. Price hasn't moved much during the Asian market so you could just buy in at the current price and place your Sl just below the trend line and the horizontal support line....then just Wait for pullback and ...

Support and Resistance Method - Pharley