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Drawing correct resistance and support-lines

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  • #1,001
  • Mar 28, 2008 8:58am Mar 28, 2008 8:58am
Quoting john15689
i am very sorry aediaz1 i use metatreder since few hours and i couldn't change chart look. Now it is all ok ....sorry again

have a nice time!

From italy
No problem John

Have a nice day too
Measure twice, cut once
  • #1,002
  • Edited 12:26pm Mar 28, 2008 9:45am | Edited 12:26pm
First resistance;


Edit: Seems like I haven't learn the difference between S/R lol.

First SUPPORT
Attached Image (click to enlarge)
Click to Enlarge Name: 1h tripple bottom.gif Size: 17 KB
Measure twice, cut once
  • #1,003
  • Mar 28, 2008 10:09am Mar 28, 2008 10:09am
Aediaz you are simply doing great your charts like road map to the price,
was good day what about you man.
  • #1,004
  • Mar 28, 2008 10:23am Mar 28, 2008 10:23am
Quoting Tiger Hunter
Aediaz you are simply doing great your charts like road map to the price,
was good day what about you man.
I'm glad you see it that way and I hope someone start to understand how "easy" trading can be without 7 indicators.

Good day here too, so far.

I have a great "indicator" which I would like to share with you guys/girls in here.
I found it here at FF. It's called sweet-spots (add lines to every .50 like 200, 200.50, 201, 201.50 etc). When you have a trade open apply this indicator to your 30m or 1h chart and watch how price reacts to each level. Almost every round price-targets have some sort of reaction, sometimes little reaction sometimes large (limited orders, S/L and TP).

Like now, GJ bounced of 198.
Attached File(s)
File Type: mq4 SDX-SweetSpots1[1].mq4   3 KB | 568 downloads
Measure twice, cut once
  • #1,005
  • Mar 28, 2008 10:41am Mar 28, 2008 10:41am
break out need to confirm by 4hr candle.
Attached Image (click to enlarge)
Click to Enlarge Name: geppy.gif Size: 18 KB
  • #1,006
  • Mar 28, 2008 10:43am Mar 28, 2008 10:43am
Quoting Tiger Hunter
break out need to confirm by 4hr candle.
Still some time left on 4h candle;
Attached Image (click to enlarge)
Click to Enlarge Name: 4hgj.gif Size: 18 KB
Measure twice, cut once
  • #1,007
  • Mar 28, 2008 11:04am Mar 28, 2008 11:04am
Quoting aediaz1
Still some time left on 4h candle;
  • #1,008
  • Mar 30, 2008 8:49pm Mar 30, 2008 8:49pm
Hi guys...

Hope all of you in a great health! just letting down last friday for the tight own schedule and im back for this weekend!

Just an observation from my H4 chart for 3 pairs.. EU, GU, GJ.. cheers!

EU, pennant is building up i guess..

Attached Image (click to enlarge)
Click to Enlarge Name: eu tf4h.gif Size: 18 KB


GU, long way to the north???

Attached Image (click to enlarge)
Click to Enlarge Name: gu tf4h.gif Size: 20 KB


GJ, waiting for the nice breakouts that will burn pips in!

Attached Image (click to enlarge)
Click to Enlarge Name: gj tf4h.gif Size: 19 KB
  • #1,009
  • Mar 31, 2008 1:39am Mar 31, 2008 1:39am
Quoting johnbaem
Hi guys...

Hope all of you in a great health! just letting down last friday for the tight own schedule and im back for this weekend!

Just an observation from my H4 chart for 3 pairs.. EU, GU, GJ.. cheers!

EU, pennant is building up i guess..

Attachment

GU, long way to the north???

Attachment

GJ, waiting for the nice breakouts that will burn pips in!

Attachment
Morning. I have almost same charts on eur/usd and gbp/jpy. Let's see what today brings. Away all day so will probably miss some trades. Good luck all.
Measure twice, cut once
  • #1,010
  • Mar 31, 2008 2:25am Mar 31, 2008 2:25am
Quoting aediaz1
Morning. I have almost same charts on eur/usd and gbp/jpy. Let's see what today brings. Away all day so will probably miss some trades. Good luck all.
EU i still waiting for the pennant to break while GJ, i catch the move at tf30 earlier and already bags in some pips for short position..
  • #1,011
  • Mar 31, 2008 2:48am Mar 31, 2008 2:48am
AnyBody Noticed The Usd/Cad To Go Short...???
  • #1,012
  • Edited 4:49am Mar 31, 2008 2:56am | Edited 4:49am
GU +81 Pips on the break of minor support and +28 Pips On the break of Major Support...
Attached Image (click to enlarge)
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  • #1,013
  • Mar 31, 2008 4:34am Mar 31, 2008 4:34am
As i said in my previous post that USD/CAD Is in a right Position to go short well I short it and just close for +28 Pip's...
Attached Image (click to enlarge)
Click to Enlarge Name: xxxxxx.gif Size: 37 KB
  • #1,014
  • Mar 31, 2008 7:13am Mar 31, 2008 7:13am
Now Looking forward for N/U Breakdown!!!...
  • #1,015
  • Mar 31, 2008 7:19am Mar 31, 2008 7:19am
Quoting Umairs2004
Now Looking forward for N/U Breakdown!!!...
N/U Breakdown seem's to me very Important... Im expecting for lot of pip's if it successfully manage to breakdown...Let's see ......
  • #1,016
  • Mar 31, 2008 4:27pm Mar 31, 2008 4:27pm
Quoting Umairs2004
N/U Breakdown seem's to me very Important... Im expecting for lot of pip's if it successfully manage to breakdown...Let's see ......

I have pennant on nzd/usd 30m;
Attached Image (click to enlarge)
Click to Enlarge Name: 30mnzdusd.gif Size: 14 KB
Measure twice, cut once
  • #1,017
  • Mar 31, 2008 5:48pm Mar 31, 2008 5:48pm
if this was happend on the london session we have had 60 pips volatility..

but here..not interests.

http://img369.imageshack.us/img369/1...1042007gq3.gif
  • #1,018
  • Edited Apr 1, 2008 12:20am Mar 31, 2008 11:47pm | Edited Apr 1, 2008 12:20am
Well the major breakdown was already accured in N/U 4-Hour chart and later on it drop's for +150 Pips almost and I was sure about the strong downtrend...& In 30-Minutes chart there was a short entry chance for +85 Pip's after that also same as i expected and said in my previous post....Well now see its screenshot's......
Hope so after some bullish movement N/U Remain's bearish as It breaks Important Support level in 4-Hour chart...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nuuuuuuuuuuuuuu.gif Size: 37 KB
Click to Enlarge Name: nuuuuuuuuuuuuuu+44444.gif Size: 39 KB
  • #1,019
  • Mar 31, 2008 11:52pm Mar 31, 2008 11:52pm
Hi Umairs,

What is the level you would short nzd/usd and your tp level please. Thank you
  • #1,020
  • Apr 1, 2008 12:05am Apr 1, 2008 12:05am
Quoting sharon_gpl
Hi Umairs,

What is the level you would short nzd/usd and your tp level please. Thank you
You Mean My Short Enty Point...???
0.7920...
& My Tp is not more than +30 Pip's in trades which im sured about +ve outcomes.......
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