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

Quoting Stevooo

Disliked

{quote} 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? {image} {image}

Ignored

Quoting Inthebox

Disliked

{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}

Ignored

Quoting Lou

Disliked

{quote} This is an aside... Commenting on choosing the 5m TF .. I have been seeing that Laura T's 8ema channel on my MT4 charts responds and appears better according to her 'rules' on the 5m than on the 1m TF . {But noting that Stacey B and Cameron B use the 1m on naked charting.) Just an observation.

Ignored

Quoting Inthebox

Disliked

{quote} no. if there is no this 4 rules pattern, if price did not reach above fib 50, no short entry. the 2 conditions must be fulfilled. https://www.forexfactory.com/thread/...0#post14546050 i don't see the 4 rules appearing.

Ignored

Quoting Stevooo

Disliked

{quote} 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? {image} {image}

Ignored

Quoting Stevooo

Disliked

{quote} 1. i kind understand about the long position but still hard for me to understand the short position, can u please give me an example maybe today for the short position? 2. moreover, can i ask about the fib 50 what is that? can u show me how to use it to identify long and short region, please?

Ignored

Quoting Inthebox

Disliked

{quote} in this instant, the rules avoided the sell loss. {image}

Ignored

Quoting Stevooo

Disliked

{quote} I'm so curious that today eur broke many supports and resistance but when the retracement back to that broken supports or resistances, we can't short any where? Also, can u guide me to use the fib 50 on tradingview? {image} {image}

Ignored

Quoting Inthebox

Disliked

{quote} fib 50 simply means the mid line or 50% of the impulse wave. google search fibonacci if you want to know more. i don't entry on every support or every resistant. trading is an art, not an exact science. i need not know the rests why this why that. because one time this happen, another time that happen. nobody can answer that. i only do one thing, that is to follow rules on entry.

Ignored

Quoting Stevooo

Disliked

{quote} We just only entry on the supports and resistances that have 4 rules pattern. But does the fib 50 really important? These days i'm just using 4 rules patterns and analyzing the trend to know long or short, can i not using it? Just want to simply my chart screen. But if you can, can you guide me for the setting of fib50. Below is my on tradingview, i will test it. {image} {image}

Ignored

Quoting Inthebox

Disliked

just following the rules upon encountering a strong d1 support. {image}

Ignored

Quoting Inthebox

Disliked

From now on, i only talk about SRTL trade set up. Support Resistant Trend line The rules below . {image}

Ignored

Quoting Stevooo

Disliked

{quote} i saw you long at this candle yesterday but i didn't see any retracement, is that 3 candle swing? {image}

Ignored

Quoting Inthebox

Disliked

{quote} refer to SRTL trade set up. that's a swing low entry. when the first one happened, i was not around.

Ignored

Quoting Stevooo

Disliked

{quote} i looked and observed many most of the resistance and support are swing low and high. So they are quite strong, it will make a good support. Moreover, that candle breaks all of the S/R so it's a good one to long right? {image}

Ignored

Quoting Inthebox

Disliked

{quote} no. according to SRTL trade set up, when there's a trend line and SR break, i just look to buy at swing low. i don't care about other small minor details. they just make me indecisive. https://www.forexfactory.com/thread/...0#post14547450

Ignored

Quoting Stevooo

Disliked

{quote} can i ask about this? normally we long at retracement closed above. i did the 4 rules pattern, but if welong at that we gonna make a huge loss {image} {image}

Ignored