GdayFx said:EURUSD - Do you know what points of release are? it is when price takes a big move suddenly, be it monthly weekly or daily candle, from a consolidated point, right? So, if you take this monthly chart and create horizontal lines from these points through 2013 trading range. then lower your time frame (H4) and see how price trades on these levels, Solid lines are major monthly highs and lows, dotted lines are POR points of release levels. i have put a green box around the candles taken from POR and added 4 lower time frame charts starting from Jan this year, do you think any of these levels would have provided trading opportunities... :thumbsup:
put a line at 1.34480 also, i forgot to place it in the charts
ICT likes to use major highs and lows & Lori likes to use POR, though ICT calls POR the bodies of the candles! which are essentially opens and closes )
kongzz said:Heres the one shot one kill trade im stalking this week on the GBPUSD.
Daily Order block noted in Blue box. and FIB in Red box.
Bearish MA momentum
Break down in market structure and flow
targeting major support at 1.57500
foreigner said:I like it Kongzz
Note the HTF Equilibrium on the USDX though.
kongzz said:mind showing me the HTF equilibrium u are talking about? not really sure what that means.
50% fib level?
Point Of Release, from where the open of the candle takes a big move up or down 8)walshman said:Weird, Saturday morning I was looking at weekly and monthly charts and plotting S/R levels as well . By the way what are POR levels? Looks like we are at a key level at end of Friday.
Thanks for all the great charts :thumbsup:
Count me in :thumbsup:GdayFx said:Who's up for a very informative chart on Aussie, and the effects interest rate decision day, has on price levels support and resistance? along with monthly target areas...
GdayFx said: