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Old 20-04-2009, 09:19
bernbeach bernbeach is offline
Level 1 Lasers Member
 
Join Date: Feb 2009
Location: living in Belgium since 1973.
Posts: 15
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Quote:
Originally Posted by Raskolnikov View Post
Hi, just my comments FWIW.

In my opinion S&R lines should be drawn manually before you start using any system on a chart. Everyone will have their own methods but I draw them on the 4 hour chart first for the major levels then refine them on the hourly chart. Pay close attention to levels which have been used for both S&R as these are stronger. If you're well within these levels, trade away. With regards to the AO, yes I believe you're correct.
Thanks Raskolinov... I do this anyway placing R&S based on 4h,1day & even 1wk.
So less trades, but more potential.
Bern
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