Golden Levels: EUR/JPY
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Thread: Golden Levels: EUR/JPY

  1. #1


    That is thread is for submitting golden degree chart setups for EUR/JPY only.

    You can find out more about how to trade the method here:

    gt;gt; Before submitting charts: http://www.streamhedge.com/trading/f...ldenlevels/ff0 </b>


    Why trade out of golden S/R amounts?

    1. No need to predict. Predicting what the market will do regularly over time is, time-consuming, stressful and unnecessary.
    2. Quicker compounding by trading from the best price amounts, with a high R:R (Risk:Reward ratio) and high win percent rate.
    3. Predictable revenue stream by closing trades for a reasonable R :R (not too low, not too large) and not relying on tendencies.
    4. Less stress: Since our trading is centered around finding specific price amounts to trade out of, we wait for the market to come to us, not the other way round.
    5. Less monitoring the market: Since we define price level to trade from ahead of time, we can use limit orders and/or price alarms.


    What are golden levels?

    Golden amounts are S/R (support/resistance) levels that are more dependable and much better priced than most S/R levels. They are found inside price ranges and are characterized by highs and lows on multiple time frames. For instance:



    Another recent example in oil. Note trading from the highs of this range would have resulted in a loss. Trading from amounts that exist in a range and are respected by price from the long and short side are more powerful and result in more profit!


  2. #2
    copied my final post from main GL thread, please see more details here: https://www.forexforum.co.za/general...tinuation.html

    I watch the reversal at 115.50 was around Fib-200 extension from the last leg up before breaking the major level at 122 (per week Fib-50 etc.) - watch blue Fib levels on chart below. And that is naturally in accord with Murrey levels: 2 M-levels leg and up 2 M-levels move down after the fracture.
    Note the last quick retrace was to Fib-161.8 (118.10) on this scale

  3. #3
    I see this pair may be in the range 115.50 - 122 for quite a while and now it may be making its way around retesting 120-122 place.
    Current place at 117.15 - 117.45 resembles a minor GL zone


  4. #4
    yesterday's change was at Fib-50 from down and confl. With H4 EMA-50 - see H4 chart in my prev.post

  5. #5
    Quote Originally Posted by ;
    I see this pair may be in the range 115.50 - 122 for quite a while and now it may be making its way around retesting 120-122 place. Current place at 117.15 - 117.45 resembles a minor GL zone picture picture
    I've comparable amounts. Depending on how fast price moves toward them (if it will), that TL in the descending triangle could add excellent confluence along with the H$ 200 MAs.




    gt;gt; http://www.streamhedge.com/trading/goldenlevels/ff

  6. #6
    Quote Originally Posted by ;
    I visit this pair may be in the range 115.50 - 122 for quite a very long time and now it might be making its way toward retesting 120-122 place. Current place in 117.15 - 117.45 resembles a minor GL zone picture picture
    it's back to 122 place and bounced nicely

  7. #7
    60 mins after... and notice: 122 remained unbroken, so I anticipate it will last its downtrend after all is settled

  8. #8
    upgrade after brexit. 115.5 level may be analyzed again so this degree may operate again from drawback as it functioned today. I see retrace may visit 117 zone - it is Fib-61.8 from this previous fall, last busted range lows and H1 MAs-200 are there too

  9. #9

  10. #10
    EJ pair is near a possible reversal zone around 115.40-115-70


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