This is thread is for posting golden level chart setups for GBP/JPY only.
You can Discover More about how to exchange the process here:
gt;gt; Before posting charts: http://www.streamhedge.com/trading/f...ldenlevels/ff0 </b>
Why transaction out of golden S/R levels?
1. No need to predict. Predicting what the market will do over time is time-consuming, unnecessary and stressful.
2. Faster compounding by trading from the best price levels, using a high R:R (Risk:Reward ratio) and high win % rate.
3. Predictable income flow by closing trades for a affordable R (not too low, not too high) and not relying on trends.
4. Less stress: Since our trading is based around finding particular price levels to exchange out of, we wait for the market to come to people, not the other way round.
5. Less tracking the market: Because we define price level to exchange from ahead of time, we could use limit orders or price alerts.
What are golden degrees?
Golden levels are S/R (support/resistance) levels which are more reliable and much better priced than most S/R levels. They're found deep inside price ranges and are characterized by highs and lows on multiple time frames. For instance:
Another recent example in oil. Notice how trading in the highs of this range would have led to a reduction. Trading from levels that exist in a range and are respected by price in the long and short side are more powerful and lead to more profit!