Where to Spot Key Levels ~ BetDaqScalper

Before u trade a market u need to draw a map ie. on wich levels u want to do buisness in

why?

because u need a reference point in order to start somwhere .u cant simply turn on the ladder and start trading right off where ever price trades atm..

this will hurt u.. as u better not trade in an area where price rotates heavily
u want to trade the edges and only after u see how prices move there and how it reacts there.. this is much easier than trieng to trade in between those levels..

u need reference points , from wich u start to analyse and judge the current situation and act acordingly

those levels arent randomly picked , you can look at the current price chart and draw in resistance and support levels , swing highs and lows

then u can use the tickchart on the ladder to determine the next levels
of support , resistance , range,swings etc..

u also need to keep price levels in your focus where there where heavy activity and low activity.. ie. acceptance and rejection

aswell as keep an eye on big prints and where they occure, this levels may also be important ,when price touches them again or trades torwards them..

however remember that the levels arent one particular price but sort of areas .its not to the tick accurate.. but can also be 3 ticks wide etc..

also note that a previous important level may have no meaning the next time we visit the level as sentiments and desicions etc .. from participants change aswell..

for example a trader may layed a big amount on the market and price comes back to that level but now it falls thru that level with ease..

means, yea there where heavy activity wich indicated buying.. but that was just temporarz of whatever reason...

could be that the trader had a back position on the whole time and was only taking profits.. etc..

just an example that u need to keep in your head that important levels may not be important the next time...

u need to watch how price approaches those levels and how it acts on this levels and act accordingly...

examples on trade setups will follow.. and how u use those levels to judge the market and take action or not ..

we differentiate from major to minor levels.. where the major ones will rather be respectet then the minor ones

from top(major) to bottom(minor) :
charts = support/resistance/swing highs and lows
Tickchart = support resistance swings
Tickchart/marketProfile* = ranges channels / market profile*
ResentPrints= last traded Size!

*will post something about market profile soon