This is thread is for submitting golden degree chart setups for NZD/USD only.
You can Discover More about how to exchange the method:
gt;gt; Prior to submitting charts: http://www.streamhedge.com/trading/f...ldenlevels/ff0 </b>
Why trade from golden S/R levels?
1. It's not necessary to predict. Predicting what the market is going to do regularly over time is time taking, stressful and unnecessary.
2. Quicker compounding by trading by the best price levels, using a high R:R (Risk:Reward ratio) and high win percent rate.
3. Predictable income stream by closing trades for a affordable R :R (not too low, not too high) rather than relying on tendencies.
4. Less stress: Considering that our trading is focused around finding price levels to exchange from, we wait patiently for the market to return to us, not the other way around.
5. Less monitoring the market: Since we specify price level to exchange from beforehand, we can use limit orders and/or price alerts.
What are golden degrees?
Golden levels are S/R (support/resistance) levels that are more reliable and much better priced than many S/R levels. They're found deep within price ranges and are characterized by highs and lows on time frames. For instance:
Another recent instance in oil. Notice trading from the highs of the range would have led to a reduction. Trading from levels that exist deeper in a range and are respected by price from the side are more powerful and result in additional profit!