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Key Levels Guide

1) The document discusses using key rounded levels like .00, .25, .50, .75 as support and resistance levels when trading in order to avoid biased decisions and get a more refined view of the market. 2) These key levels are shown to correspond well with where the market trends and consolidates. 3) On lower timeframes like 15m and 10m charts, additional structure points may need to be considered for entries in addition to the key levels, to find the most accurate entry opportunities.

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Adongo Bright
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240 views

Key Levels Guide

1) The document discusses using key rounded levels like .00, .25, .50, .75 as support and resistance levels when trading in order to avoid biased decisions and get a more refined view of the market. 2) These key levels are shown to correspond well with where the market trends and consolidates. 3) On lower timeframes like 15m and 10m charts, additional structure points may need to be considered for entries in addition to the key levels, to find the most accurate entry opportunities.

Uploaded by

Adongo Bright
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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JEAFX TRADING COURSE

KEY LEVELS
To avoid getting caught up on trading biased & inaccurate support &
resistance levels we generally aim to trade around key SR levels only.
This allows us to identify easy reversal areas

HOW TO PLOT KEY LEVELS


When we are plotting support & resistance on our charts we should aim
to use only the key rounded off support/resistance levels; .00, 0.25, .50,
.75, .00. Doing this keeps us from being biased with our decisions on
levels of interest, giving us a more refined & rational view of the market.

You can see on the above chart that the market reacts well to these key
levels when trending/consolidating using them as accurate levels of
support & resistance. By sticking to these key levels rather than deciding
our own biased levels based on what we want to see we get a more
refined & unbiased view on areas of interest in the market.
JEAFX TRADING COURSE

When using the lower timeframes to view short-term price action for
identifying entries we may sometimes need to deviate away from our key
level rule to find the most accurate points of interest. This is only
necessary when we trade timeframes like the 15m & 10m charts and
additional confluences should be used to identify levels of interest like
supply & demand & low timeframe structure high/low points.

Above shows an example on the 10m chart where market structure


reversal was formed from the 1.16250 key level, but a secondary buying
opportunity then formed from a structure high point around 1.16350,
rather than our usual focus .00/.25/.50/.75 key levels. When we are
scaled in this far we can use these structure points for entries as key
levels won't always be met before the trade formulates.

REMAIN DYNAMIC

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