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Spreadbetteur Dec 20, 2004 10:17am

Support And Resistance Levels FX
 
Which sites publish updated S and R levels for the major pairs, other than PFXtrade.com and FXCM news plug in, which I already use ?

TheBramble Dec 20, 2004 10:57am

SB - is there a reason why you don't want to work them out yourself?

I find the process of determining S/R levels provide me with more 'feel' for what's going on (and likely to be going on) than by merely taken them by rote from a 3rd party.

GammaJammer Dec 20, 2004 11:29am

Was about to type almost exactly what Tony's just written. There's no real substitute for doing your own homework.

GJ

Spreadbetteur Dec 20, 2004 11:38am

I do my own, though also like to see what is published. So if you know any ither sites, would be appreciated.

PFXtrade.com levels, especially the moderate and major rated, are often very accurate.

Out of interest, when you work the levels for yourself, what times are you taking ?

darktone Dec 20, 2004 12:36pm

Quote:

Originally Posted by Spreadbetteur
I do my own, though also like to see what is published. So if you know any ither sites, would be appreciated.

PFXtrade.com levels, especially the moderate and major rated, are often very accurate.

Out of interest, when you work the levels for yourself, what times are you taking ?

i watch the 4hour chart for major SR levels

Roberto Dec 20, 2004 12:40pm

Sorry, I don't know of any. I wouldn't want to trust someone else's when I can see them just by looking at the charts! Are you winding us up here, Spreadbetteur? :)

TheBramble Dec 20, 2004 1:00pm

Quote:

Originally Posted by Spreadbetteur
Out of interest, when you work the levels for yourself, what times are you taking ?

Yearly. 6 monthly. 3 monthly. Monthly. Weekly. Daily. 60 minutes. 30 minutes. 15 minutes. I'll also do 5 minutes if I'm trading a 5 min timeframe.

GammaJammer Dec 20, 2004 3:32pm

Mainly hourly and daily (I believe in a K.I.S.S. approach) but as Tony said, all of those timeframes can at times offer good S/R levels.

Within each of these timeframes I personally look for 3 sources of level. Time based ranges (e.g. 24 hour highs and lows, 52 week etc), major moving averages and major fibo levels.


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