Simple's Green Room

[pennies2007]

Here ya go ST.

This is what got me in right at the top on EU. The first shot is a daily. I don't trade on the daily but I flip over to it to get the maximum H5 level (highest level) for the pair for that particular day. That number was already there last night before EU even hit 1.37. It's a future projection number based on previous movements. In the first chart, you can see H5 listed at 1.3792. Minus my 0.9 spread on EU for Oanda, I just rounded it off to 1.3790.

The second chart is the 4 hour chart. I use it and the 1 hour chart to trade with. The chart is "busy" but once you figure out what's going on, it's no big deal. The levels are combinations of the camarilla pivots and the standard pivots. Once you get at or above H5, look out below. Same thing on the bottom side. If you hit L5 or below, the pair is gonna bounce.

Massive swings like last night and this morning can push it slighly beyond those levels but it's pretty rare. Both AU and EU seem to obey the rules much better than other pairs that I've seen so far so I try to stick with those.

EDIT: Notice that the H5 level on EU is slightly lower than the daily chart. That's why I always look at the daily setup to get the highest possible target.