I like this thread. Finally I have something to offer you guys. I appreciate everything this site has accomplished and the members have offered.
This is a chart from my mentoring group; concorde forex group. You can find them on the the web at
cfg.com
They offer this chart to everyone for 30 days for free. The lines you see in green are bank levels. They are not exact, but within 10-20 pips of turning the market almost everytime. Can this be profitable? yes, with money management it can. The GBP will often bounce 90-100pips off one of these lines on first contact. remember that is within 10-20 pips of this line. The bank level information is rumored to come from the bank of scotland.
As for the red lines on the chart, that is a new feature and i haven't had time to review their performance. it would appear that the R3 and S3 levels are the strongest and it would be profitable to trade from the channel labeled TCU/TCD to that level. A new Trend Channel appears at the open of the major markets; london, newyork, tokyo.
the price of these charts is $240/month after your 30day trial.
jeff swanson