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Help me on Support/Resistance lines 11 replies
Support and resistance lines for GBP/JPY 4 replies
Horizontal Support & Resistance Lines 13 replies
Drawing support and resistance lines 4 replies
Hope someone find this useful in some way or another, this is IMO a very important aspect to know applying the right way in forex trading.
If you are very new to trading , this could be a educational and easy approach to get the feeling of the market.
Try it out !Ignored
what about this.... bearish rising wedge pattern... 200 pips down..Ignored
For what time frame would trend line work best (or better)?
I'm using MT4 and it automatically generates trend lines, but as I change the time frame the line also changes.
Any advise for beginner like me?Ignored
I would recommend higher time-frames if you are new. Lower time-frames can be very choppy, and this trend-lines are more reliable in higher times-frames.
Also, try remove your automatic drawing-indicator , it could be nice training for you to apply them yourself, you have the instruction aboveIgnored
Good to see you bring this up. An excellent and important point. Hopefully your thread will continue and provoke some discussion on trends appearing and ready to break based on these proper lines. Its hard to keep an eye on all pairs / time frames to catch them.
I know someone has posted the Tom DeMark document before but it warrants a repost.
Also the MT4 indiactor which draws the lines AND potential targets following breakout >>
** Just realized I attached the wrong MT4 indicator.. I will re attach
** Ok proper one attached nowIgnored
And there's me just attaching it
I could always remove it again. you are right it is better to find them ourselves in order to learnIgnored