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Is this the correct way to draw S&R lines?

  • #61
  • Aug 22, 2023 7:13am Aug 22, 2023 7:13am
Quoting Stevooo
{quote} Got it cap!!Thank you so much if it's further than 10 pips, its safe right?
i do not know, can't tell or predict.
and be aware that the lower green suppport from the h1 chart is a strong one.
because inside has engulf candles.
ITB - Seeing Orderliness amongst 'Randomness'
  • #62
  • Aug 22, 2023 7:21am Aug 22, 2023 7:21am
Quoting Inthebox
{quote} i do not know, can't tell or predict. and be aware that the lower green suppport from the h1 chart is a strong one. because inside has engulf candles.
Are those engulf candles? Do i miss any more of it? Please remind me if i miss
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  • #63
  • Aug 22, 2023 7:47am Aug 22, 2023 7:47am
my m5 late entry
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ITB - Seeing Orderliness amongst 'Randomness'
  • #64
  • Aug 22, 2023 7:49am Aug 22, 2023 7:49am
Quoting Stevooo
{quote} Are those engulf candles? Do i miss any more of it? Please remind me if i miss {image}
yes.
support and resistance is always at 3 candle swing.
ITB - Seeing Orderliness amongst 'Randomness'
  • #65
  • Aug 22, 2023 8:37am Aug 22, 2023 8:37am
Quoting Inthebox
{quote} yes. support and resistance is always at 3 candle swing.
can u give me example with picture, please? So i can understand it more
  • #66
  • Aug 22, 2023 9:07am Aug 22, 2023 9:07am
Quoting Stevooo
{quote} can u give me example with picture, please? So i can understand it more
you go to d1 nasdaq chart and mark like i do.
then go to lower time frames h4 to m1 and see any reactions there.
Attached Image
ITB - Seeing Orderliness amongst 'Randomness'
  • #67
  • Aug 22, 2023 11:20am Aug 22, 2023 11:20am
Quoting Inthebox
{quote} you go to d1 nasdaq chart and mark like i do. then go to lower time frames h4 to m1 and see any reactions there. {image}
i just took a short here because it broke the up trend, so i only take short positions, and i shorted here, good one right ?
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  • #68
  • Aug 22, 2023 11:41am Aug 22, 2023 11:41am
Quoting Stevooo
{quote} i just took a short here because it broke the up trend, so i only take short positions, and i shorted here, good one right ? {image}
i don't know.
this pair already moved down 97 pips today.
for me there are other reasons to start looking to buy.
ITB - Seeing Orderliness amongst 'Randomness'
  • #69
  • Aug 22, 2023 12:28pm Aug 22, 2023 12:28pm
Quoting Inthebox
{quote} i don't know. this pair already moved down 97 pips today. for me there are other reasons to start looking to buy.
1. Sounds reasonable, i'm just scalping for little bit. However, i still prefer short bcs as u said before look at the trend and then the uptrend is broken. Time for short!
2. just want to ask if the price broke the support yesterday then the retracement hit back the support, so can i short it? Or it has to be the same day? Example below, if it touch the green circle and close below today, can i short at that point?
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  • #70
  • Aug 22, 2023 12:39pm Aug 22, 2023 12:39pm
Quoting Stevooo
{quote} 1. Sounds reasonable, i'm just scalping for little bit. However, i still prefer short bcs as u said before look at the trend and then the uptrend is broken. Time for short! 2. just want to ask if the price broke the support yesterday then the retracement hit back the support, so can i short it? Or it has to be the same day? Example below, if it touch the green circle and close below today, can i short at that point? {image}
2. yes
ITB - Seeing Orderliness amongst 'Randomness'
  • #71
  • Aug 22, 2023 8:49pm Aug 22, 2023 8:49pm
Quoting Inthebox
{quote} 2. yes
This is one of many examples that i want to ask you, if we are down trend and the retracement breaks thro support, resistance, and everything. Can i i long at that candle?
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  • #72
  • Edited 9:52pm Aug 22, 2023 9:40pm | Edited 9:52pm
Quoting Stevooo
{quote} This is one of many examples that i want to ask you, if we are down trend and the retracement breaks thro support, resistance, and everything. Can i i long at that candle? {image}
my preference shown below.
i also provide my rules.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #73
  • Aug 22, 2023 9:52pm Aug 22, 2023 9:52pm
Quoting Inthebox
{quote} my preference shown below {image}
Can u show me any example on the chart for long pls?
  • #74
  • Aug 22, 2023 9:57pm Aug 22, 2023 9:57pm
Quoting Stevooo
{quote} Can u show me any example on the chart for long pls?
already shown on my chart for buy.
ITB - Seeing Orderliness amongst 'Randomness'
  • #75
  • Aug 22, 2023 10:04pm Aug 22, 2023 10:04pm
i come back after london session
ITB - Seeing Orderliness amongst 'Randomness'
  • #76
  • Aug 23, 2023 7:41am Aug 23, 2023 7:41am
Quoting Inthebox
i come back after london session
jsut want to ask: There is a resistance at 1.26164 but it's not break yet right? When it breaks, the candle has to close below the support right? then i will wait for the retracement.
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  • #77
  • Aug 23, 2023 8:37am Aug 23, 2023 8:37am
Quoting Stevooo
{quote} jsut want to ask: There is a resistance at 1.26164 but it's not break yet right? When it breaks, the candle has to close below the support right? then i will wait for the retracement. {image}
it's a break, but could be a false break.
m15 did not close below, but m5 did.
ITB - Seeing Orderliness amongst 'Randomness'
  • #78
  • Aug 23, 2023 8:41am Aug 23, 2023 8:41am
Quoting Inthebox
{quote} it's a break, but could be a false break.
but like a proper break would be close below the support line right? To be safe
  • #79
  • Aug 23, 2023 8:50am Aug 23, 2023 8:50am
Quoting Stevooo
{quote} but like a proper break would be close below the support line right? To be safe
it depends on the time frame you had chosen.
proper break in m5.

did you follow the rules that i had previously provided?
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ITB - Seeing Orderliness amongst 'Randomness'
  • #80
  • Aug 23, 2023 9:49am Aug 23, 2023 9:49am
Quoting Inthebox
{quote} it depends on the time frame you had chosen. proper break in m5. did you follow the rules that i had previously provided? {image}
today support 1.08521 is broken, i the price has return to the resistance zone at 2nd pic, i want to ask when the candle touch that zone and close below it, you can short right? Or u have to wait for the retracement candles to close below the resistance zone?
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