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!