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Hello, hope you be doing great!, regarding the lines, let me share:
1. The s/r, weak stop and reverse, pivot reverse, top of trading range, major s/r line, bottom of trading range, pivot reverse, weak stop and reverse and ultimate s/r they are nothing else but the Murrey Math Lines, for me the most important levels on Murrey are: Major Support/Resistance 4/8 and 8/8 (safe to trade and always in the money), Pivot reverse 2/8 and 6/8, Extreme OB +2/8 and Extreme OS-2/8.
This for me are most reliable levels, although all levels can be traded.
2. The Go Long, Breakout Up Level, Resistance/Support, Support/Resistance, Breakout Down Level, Go Short Level
this levels are camarilla levels, H4,H3,L3,L4 and other that is calculated by the surefirething website that i don't really know how they calculate them but surely they work. i use all of this altogether with my own strategy to make the most profitable decision like today the market went from one os this levels, 91.79 all the way up to my last (safe) level 93.75 that is 196 ticks move or $1960 on just one contract you do the math for 5 or 10 contracts depending your account size and protecting capital strategy....
Well i hope this help you in some way!.
JD.
Can you help answer these questions from other members on NexusFi?
I trade based on vance's CL thread but found a few bits of this pretty interesting.
Can you explain a bit more on the 2 swings and the intersecting vertical line as a pinpoint entry method?
I like measured/math things especially in the Crude.
Here, i just have compiled some of the screenshots taken on my screen for some days of the past month of April using
the Smart Levels how the price interact with this levels is just amazing to me, you can confirm this levels using the Camarilla Pivots indicator using only the H4, H3, L3, L4 levels, you could find a difference by a tick or two.
For me is just "profitable" i have no other word to say it,
The levels keep doing a great job, also have found that at 11:00 AM EST, (I´M TWO HOURS BEHIND EST TIME, THAT IS WHY MY CHART SAYS 9:00 AM) half hour before and half hour after there is always a reversal that pays off, i have found that in a 85% of the time this is valid!!,
So i take 10:30 AM price and take note of it, when price arrives at 11:00 AM i wait till 11:30 if price is near a trading level for me, i take the trade waiting a reversal from original direction, in other words counter trend..
**This could be a bit risky** but it´s worth about 30-40 ticks.
I just closed my first trade of the day, using the Smart level that i call, and momentum, the 123 breakout rule was involved also, there is an explanation in the image.