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