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Drawing correct resistance and support-lines

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  • #381
  • Mar 6, 2008 12:32am Mar 6, 2008 12:32am
Update on cable, 30 min chart.

Attached Image (click to enlarge)
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Yuna
  • #382
  • Mar 6, 2008 12:56am Mar 6, 2008 12:56am
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 1:08am Mar 6, 2008 1:08am
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 1:22am Mar 6, 2008 1:22am
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.

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  • #385
  • Mar 6, 2008 1:52am Mar 6, 2008 1:52am
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
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Measure twice, cut once
  • #386
  • Mar 6, 2008 2:04am Mar 6, 2008 2:04am
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)
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Measure twice, cut once
  • #387
  • Mar 6, 2008 2:26am Mar 6, 2008 2:26am
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 2:29am Mar 6, 2008 2:29am
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 2:38am Mar 6, 2008 2:38am
1 way to calculate expected pips from breakouts ;

Simply, when you draw triangles etc just count the pips at the gap.
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Measure twice, cut once
  • #390
  • Mar 6, 2008 2:39am Mar 6, 2008 2:39am
weekly
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Measure twice, cut once
  • #391
  • Mar 6, 2008 3:14am Mar 6, 2008 3:14am
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..

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Yuna
  • #392
  • Mar 6, 2008 4:12am Mar 6, 2008 4:12am
Update: Cable testing 2.000

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  • #393
  • Mar 6, 2008 4:55am Mar 6, 2008 4:55am
Haha broken already

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  • #394
  • Mar 6, 2008 4:58am Mar 6, 2008 4:58am
Don't have any resistance until 2.0106 which is monthly resistance
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Measure twice, cut once
  • #395
  • Mar 6, 2008 5:07am Mar 6, 2008 5:07am
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?

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  • #396
  • Mar 6, 2008 5:10am Mar 6, 2008 5:10am
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 5:13am Mar 6, 2008 5:13am
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 5:20am Mar 6, 2008 5:20am
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 5:23am Mar 6, 2008 5:23am
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..

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Yuna
  • #400
  • Mar 6, 2008 5:32am Mar 6, 2008 5:32am
EU retests..
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Yuna
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