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Most of the pages are just drawings and illustrations, only first few pages have explanations. as far as i could make out with translation...its blue line for buy and red for sell.....and the resistance and support or buy or sell also depends upon the thickness of the price channel line and the number of lines above or below the current price.
In the forum....there is only explantion from traderneo..rest all is simply questions and debates..so you can filter that out.
I am starting translation.
It will take a time because this paper is very big one. But the language is ok (not slanguage).
I will translate and will post all the paper.
But it is some few words in the beginning:
Code:
System: Trading on price levels.
Trading instruments: EUR/USD (working on all the USD pairs – proven).
Period: Monthly, Weekly, Daily, 4 Hour, 1 Hour, 15 min.
Indicators: Nothing.
Lot size: Depends on the power of H1 level,
and depends on the coincidence direction of the price movement
for more higher timeframes and respective levels.
LevelTrading is intra-day trading system with no any indicators
used for trading.
Trading is based on price levels (Level) which are formed
according to checkpoints of price chart.
The levels are drawing for the following timeframes:
1W, 1D, 4H, 1H. It should be used H1 timeframe for trading in intra-day.
The power of the levels depend on the validation/confirmation.
Last edited by newdigital; 06-21-2006 at 09:56 AM.
Linear Mode
