Is this the correct way to draw S&R lines? | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Drawing correct resistance and support-lines 2,675 replies

Manually draw text and lines on MT4 chart? 3 replies

[POLL] How do you draw S&R and trend lines? 13 replies

Is This the correct way to Draw Support and Resistance 6 replies

Drawing support and resistance lines 4 replies

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

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

  • #101
  • Aug 23, 2023 11:37pm Aug 23, 2023 11:37pm
back after london open
ITB - Seeing Orderliness amongst 'Randomness'
  • #102
  • Aug 24, 2023 7:11am Aug 24, 2023 7:11am
Quoting Inthebox
{quote} where is your retracement trend line? SRTL set up no loss. {image}
today i have this short position it broke the trendline. so, it's downtrend, support so I'm looking for short position. however, sth wrong with it...
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
  • #103
  • Aug 24, 2023 7:43am Aug 24, 2023 7:43am
Quoting Stevooo
{quote} today i have this short position it broke the trendline. so, it's downtrend, support so I'm looking for short position. however, sth wrong with it... {image}
your entry late, too far away from trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #104
  • Edited 8:20am Aug 24, 2023 8:03am | Edited 8:20am
Quoting Inthebox
{quote} your entry late, too far away from trend line. {image}
for the number 1 entry u explain for me more why you short there? the trend it still up.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
  • #105
  • Aug 24, 2023 8:23am Aug 24, 2023 8:23am
Quoting Stevooo
{quote} for the number 1 entry u explain for me more why you short there? the trend it still up. Wondering is that swing high? {image}
you marked the yellow line, what is it?
when price reached there, what are you watching out for?
tl broken, sr broken, swing high (circled) ........
it was a srtl set up.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #106
  • Aug 24, 2023 9:08am Aug 24, 2023 9:08am
Quoting Inthebox
{quote} you marked the yellow line, what is it? when price reached there, what are you watching out for? tl broken, sr broken, swing high (circled) ........ it was a srtl set up. {image}
Oh no just the resistance this morning i showed you. For got to delete it. I saw doji candles, it doesn't need to close below the trendline, i saw that dojo just went through the trendline then close above. But we still can call that a break right?
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_8424.png Size: 69 KB
  • #107
  • Aug 24, 2023 9:24am Aug 24, 2023 9:24am
Quoting Stevooo
{quote} Oh no just the resistance this morning i showed you. For got to delete it. I saw doji candles, it doesn't need to close below the trendline, i saw that dojo just went through the trendline then close above. But we still can call that a break right? {image}
different people different opinions, for me is break (see m1 chart)
if you in doubt, then no trade entry.
but the resistant line you had drawn was a daily high which should be a strong one from a higher time frame.
should give added confidence to short.
ITB - Seeing Orderliness amongst 'Randomness'
  • #108
  • Aug 24, 2023 10:55am Aug 24, 2023 10:55am
Quoting Inthebox
{quote} different people different opinions, for me is break (see m1 chart) if you in doubt, then no trade entry. but the resistant line you had drawn was a daily high which should be a strong one from a higher time frame. should give added confidence to short.
This candle show us it's very strong resistance right?
Every time we see a strong resistance, we can prepare for short right. i have one signal which is engulf candles, is there any other signals that you can show me that's a strong one?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #109
  • Aug 24, 2023 11:03am Aug 24, 2023 11:03am
Quoting Stevooo
{quote} This candle show us it's very strong resistance right? Every time we see a strong resistance, we can prepare for short right. i have one signal which is engulf candles, is there any other signals that you can show me that's a strong one? {image}
take note of strong momentum candles.
also day high low, week high low are places of resistant and support.
ITB - Seeing Orderliness amongst 'Randomness'
  • #110
  • Aug 24, 2023 11:56am Aug 24, 2023 11:56am
Quoting Inthebox
{quote} take note of strong momentum candles. also day high low, week high low are places of resistant and support.
For example, this one has a big momentum right?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 21 KB
  • #111
  • Aug 24, 2023 10:17pm Aug 24, 2023 10:17pm
Quoting Stevooo
{quote} For example, this one has a big momentum right? {image}
yes. the bigger the time frame the better.
ITB - Seeing Orderliness amongst 'Randomness'
  • #112
  • Aug 25, 2023 12:32am Aug 25, 2023 12:32am
practice.
a very strong drop.
will see whether work out.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #113
  • Aug 25, 2023 1:02am Aug 25, 2023 1:02am
Quoting Inthebox
practice. a very strong drop. will see whether work out. {image}
a successful srtl set up.
why of all places, price stopped dropping at that level?
look left to find answer.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #114
  • Aug 25, 2023 2:36am Aug 25, 2023 2:36am
another buy
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #115
  • Aug 25, 2023 2:56am Aug 25, 2023 2:56am
Quoting Inthebox
another buy {image}
i short at this
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 18 KB
  • #116
  • Aug 25, 2023 3:08am Aug 25, 2023 3:08am
Quoting Inthebox
another buy {image}
can i ask why do ulong there?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB
  • #117
  • Aug 25, 2023 3:12am Aug 25, 2023 3:12am
Quoting Stevooo
{quote} can i ask why do ulong there? {image}
because it satisfied rule 1234.
can you look and circled them?
you have to practise seeing them.
ITB - Seeing Orderliness amongst 'Randomness'
  • #118
  • Aug 25, 2023 3:45am Aug 25, 2023 3:45am
Quoting Inthebox
{quote} because it satisfied rule 1234. can you look and circled them? you have to practise seeing them.
i'm trying to understand, i thought we long at retracement which is closed above
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB
  • #119
  • Aug 25, 2023 3:49am Aug 25, 2023 3:49am
Quoting Stevooo
{quote} i'm trying to understand, i thought we long at retracement which is closed above {image}
you missed out rule 4
ITB - Seeing Orderliness amongst 'Randomness'
  • #120
  • Aug 25, 2023 3:57am Aug 25, 2023 3:57am
Quoting Inthebox
{quote} you missed out rule 4
that's my entry cause it closes above
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 19 KB
0 traders viewing now