/biz/ - Business & Finance

>>50678
I watch for significant pschological numbers and I always keep in mind where the market sentiment is, the easy way to do this is find out what the market thinks of the USD at the time since the USD basically drives all the moves, I watch US news events all the time, Especially Fed moves.

Pic related is a perfect example of a key level, I stay away from these levels because of what happens to them (unless I want to go short in this case) as you can see, there is a violent opposition to this resistance level.

I generally use 150-200 pip stop losses with a 1:2 R/R, sometimes 1:3, trends as you know, can last for a very long time before pulling back, I find it's best to ride the wave and get maximum profit.

As for SR levels, I do keep them in mind however I am more inclined to look at trendline SR levels because they represent the greatest R/R in my view.

Questions are always welcome, we learn from each other, I love to share with other traders. I see it as us against the banks and I hate the banks..