The high and low idea is an easy method to follow without counting Elloitt numbers that tend to change places after you have made a trade. The 4 hour and two hour charts are good for trading the highs and lows..but you do have to watch levels ...i suggest entering a trade at the high or low and watching the as seen in the chart example.
Calculate the method and add the line with S1 and R1 etc. as seen in the videos this will help in seeing lines on the 4 hour and 2 hour time frames.
Please follow my charts at this link by clicking on the follow tab https://www.tradingview.com/u/exploratio...
This is free calculator http://www.babypips.com/tools/forex-calc... This link has tips on the method and the math on how to calculate the numbers http://www.babypips.com/school/how-to-ca... This persons video explains how to use the method in detail http://youtu.be/nvMhj3n01D8 and this person explains in a video Strategy http://youtu.be/0D_O6ZeRRn8