Drawing correct resistance and support-lines | Page 20 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Drawing Correct Trendlines 58 replies

Drawing Gann Grid in mt4, the correct way 3 replies

Drawing correct S/R and pivot 8 replies

Drawing Objects vs Drawing lines 1 reply

Drawing support and resistance lines 4 replies

Attachments: Drawing correct resistance and support-lines
Exit Attachments

Drawing correct resistance and support-lines

  • Linked: Trend Trading | Brokerage Account XXXX22
  • Expand
  • Last Sync: Sep 13, 2016
Sep 13, 2016
Last Sync: Sep 13, 2016
Sep 13, 2016
Last Sync: Sep 13, 2016
Sep 13, 2016
Last Sync: Sep 13, 2016
Sep 13, 2016
Last Sync: Sep 13, 2016
to
No trading activity in this period.
  • #381
  • Mar 6, 2008 2:32am Mar 6, 2008 2:32am
Update on cable, 30 min chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 18 KB


Yuna
  • #382
  • Mar 6, 2008 2:56am Mar 6, 2008 2:56am
Quoting aediaz1
Well spotted. Hadn't noticed myself, too busy on eur/usd right now lol
i did not take the EU trade, i'm waiting for retest
  • #383
  • Mar 6, 2008 3:08am Mar 6, 2008 3:08am
Quoting yuna
i did not take the EU trade, i'm waiting for retest
Closed mine now, will join you for a re-buy if price hit down again and bounces of TL.
Measure twice, cut once
  • #384
  • Mar 6, 2008 3:22am Mar 6, 2008 3:22am
Quoting aediaz1
Closed mine now, will join you for a re-buy if price hit down again and bounces of TL.
Nice one! anyway cable retest 1.9950 and currently bounces off.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 16 KB
  • #385
  • Mar 6, 2008 3:52am Mar 6, 2008 3:52am
Quoting yuna
Nice one! anyway cable retest 1.9950 and currently bounces off.

Attachment
Seems so. I would like cable to establish above .9961. Currently level is very interesting; previous high this year, so a break of this could provide a good opportunity, IMO
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 15 KB
Measure twice, cut once
  • #386
  • Mar 6, 2008 4:04am Mar 6, 2008 4:04am
Right now I'm sniffing on a opportunity on GJ. Price is wedging downward, and a break of 206.15 would generate a fall down to resistance-line, IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy1h.gif Size: 19 KB
Measure twice, cut once
  • #387
  • Mar 6, 2008 4:26am Mar 6, 2008 4:26am
Quoting aediaz1
Seems so. I would like cable to establish above .9961. Currently level is very interesting; previous high this year, so a break of this could provide a good opportunity, IMO
i would prefer to see it break 2.000
  • #388
  • Mar 6, 2008 4:29am Mar 6, 2008 4:29am
Quoting aediaz1
Right now I'm sniffing on a opportunity on GJ. Price is wedging downward, and a break of 206.15 would generate a fall down to resistance-line, IMO.
u're right! after it broke 206.15 it fell to a low of 205.85 near ur support line
  • #389
  • Mar 6, 2008 4:38am Mar 6, 2008 4:38am
1 way to calculate expected pips from breakouts ;

Simply, when you draw triangles etc just count the pips at the gap.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30meu.jpg Size: 103 KB
Click to Enlarge Name: eu1h.jpg Size: 95 KB
Measure twice, cut once
  • #390
  • Mar 6, 2008 4:39am Mar 6, 2008 4:39am
weekly
Attached Image (click to enlarge)
Click to Enlarge Name: weeklu.jpg Size: 115 KB
Measure twice, cut once
  • #391
  • Mar 6, 2008 5:14am Mar 6, 2008 5:14am
Quoting aediaz1
1 way to calculate expected pips from breakouts ;

Simply, when you draw triangles etc just count the pips at the gap.
Nice example u have here! anyway let's see if EU retests and holds or not..

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 14 KB


Yuna
  • #392
  • Mar 6, 2008 6:12am Mar 6, 2008 6:12am
Update: Cable testing 2.000

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 16 KB
  • #393
  • Mar 6, 2008 6:55am Mar 6, 2008 6:55am
Haha broken already

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 17 KB
  • #394
  • Mar 6, 2008 6:58am Mar 6, 2008 6:58am
Don't have any resistance until 2.0106 which is monthly resistance
Attached Image (click to enlarge)
Click to Enlarge Name: daiy.gif Size: 19 KB
Measure twice, cut once
  • #395
  • Mar 6, 2008 7:07am Mar 6, 2008 7:07am
Quoting aediaz1
Don't have any resistance until 2.0106 which is monthly resistance
I'm lookin for 2.0115 area which is my fib 50. aediaz1, do u think it is logical to shift my sl to BE now?

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 22 KB
  • #396
  • Mar 6, 2008 7:10am Mar 6, 2008 7:10am
Quoting yuna
I'm lookin for 2.0115 area which is my fib 50. aediaz1, do u think it is logical to shift my sl to BE now?

Attachment

Always do when you have +15 or so IMO! Don't make a winner turn bad !
Measure twice, cut once
  • #397
  • Mar 6, 2008 7:13am Mar 6, 2008 7:13am
Quoting aediaz1
Always do when you have +15 or so IMO! Don't make a winner turn bad !
i've shifted to BE already. currently +41 at point of typing.
  • #398
  • Mar 6, 2008 7:20am Mar 6, 2008 7:20am
Quoting yuna
i've shifted to BE already. currently +41 at point of typing.

Well done, easy pips ? S/L at BE you say. Remember how fast market can turn around make sure you don't give it all away !
Measure twice, cut once
  • #399
  • Mar 6, 2008 7:23am Mar 6, 2008 7:23am
Quoting aediaz1
Well done, easy pips ? S/L at BE you say. Remember how fast market can turn around make sure you don't give it all away !
ya SL to BE. Karmo says there's res at 2.0055, which price did pause there currently..

Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 15 KB


Yuna
  • #400
  • Mar 6, 2008 7:32am Mar 6, 2008 7:32am
EU retests..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.9950.gif Size: 13 KB

Yuna
2 traders viewing now