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Drawing correct resistance and support-lines

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  • #1,121
  • Apr 4, 2008 10:31am Apr 4, 2008 10:31am
emotionally trading today.

not so good for my account.

regarding ur question thehedge i should but due some extraordinary circumstances i didn't. i didn't menage my emotions and stayed out.
then when i was seeing that i was right i enter and i lost. after that i recover some of the losses.

after all it's ok. another day another buck.

have a great weekend aediaz1 and hope u did well on nfp. cheers evrybody.
  • #1,122
  • Apr 4, 2008 3:12pm Apr 4, 2008 3:12pm
Quoting eye4spot
emotionally trading today.

not so good for my account.

regarding ur question thehedge i should but due some extraordinary circumstances i didn't. i didn't menage my emotions and stayed out.
then when i was seeing that i was right i enter and i lost. after that i recover some of the losses.

after all it's ok. another day another buck.

have a great weekend aediaz1 and hope u did well on nfp. cheers evrybody.
Emotions is never good in trading. Only experience will make you overcome your feelings.

Have a good weekend.
Measure twice, cut once
  • #1,123
  • Apr 5, 2008 10:15pm Apr 5, 2008 10:15pm
dear aediaz1, I see you trade on the 'flag' pattern... could you please teach me how can you identify a 'flag' pattern?? Is there a spesific proportion fot the body and the flag? thanks..
  • #1,124
  • Apr 6, 2008 3:08am Apr 6, 2008 3:08am
Thanks for your help, aediaz and eye4spot.

Looking forward to continually learning from you guys.

Have a great weekend, all!
  • #1,125
  • Apr 6, 2008 2:53pm Apr 6, 2008 2:53pm
Quoting gunset
dear aediaz1, I see you trade on the 'flag' pattern... could you please teach me how can you identify a 'flag' pattern?? Is there a spesific proportion fot the body and the flag? thanks..
Here is a link which also is attached to post #1 in this thread ;

Flags

Nice and easy explanation. And I'll try and post an example as soon as I get one too.
Measure twice, cut once
  • #1,126
  • Apr 6, 2008 9:08pm Apr 6, 2008 9:08pm
Good morning people..

I miss the EU bus after one fine breakout on flag formation.. just a few minutes..

nmind, theres always chances..
  • #1,127
  • Apr 6, 2008 10:48pm Apr 6, 2008 10:48pm
waow very helpfull link. thanks aez...
  • #1,128
  • Apr 6, 2008 11:35pm Apr 6, 2008 11:35pm
Quoting johnbaem
Good morning people..

I miss the EU bus after one fine breakout on flag formation.. just a few minutes..

nmind, theres always chances..

hello all
I also saw that formation johnbaem but still not sure lines in correct place so let it go. good to know someone else agrees with me. also have that formation on nzd/usd can someone please check.
BTW thanks so much everyone for input and especially to our wonderful thread starter
joy
  • #1,129
  • Apr 7, 2008 12:16am Apr 7, 2008 12:16am
is this a flag?? USD/JPY m30
Attached Image (click to enlarge)
Click to Enlarge Name: uj070408flagm30.JPG Size: 53 KB
  • #1,130
  • Apr 7, 2008 12:24am Apr 7, 2008 12:24am
hi all !!!!!!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 16 KB
  • #1,131
  • Apr 7, 2008 12:52am Apr 7, 2008 12:52am
Well I have missed this great breakdown of Euro/Usd Too...
  • #1,132
  • Apr 7, 2008 1:13am Apr 7, 2008 1:13am
Quoting gunset
is this a flag?? USD/JPY m30
I would count that as a flag yes. Notice that we have flagpole to determinate this as flag;
Attached Image (click to enlarge)
Click to Enlarge Name: uj15flag.gif Size: 15 KB
Measure twice, cut once
  • #1,133
  • Apr 7, 2008 1:16am Apr 7, 2008 1:16am
It's breaking now.. let's see
  • #1,134
  • Apr 7, 2008 1:17am Apr 7, 2008 1:17am
Quoting joypips
hello all
I also saw that formation johnbaem but still not sure lines in correct place so let it go. good to know someone else agrees with me. also have that formation on nzd/usd can someone please check.
BTW thanks so much everyone for input and especially to our wonderful thread starter
joy
I don't have any formation on nzd/usd yet. Although we had a "tiny" (small flagpole) flag on eur/usd which price broke out of in early Asia session;
Attached Image (click to enlarge)
Click to Enlarge Name: eursudflag.gif Size: 13 KB
Measure twice, cut once
  • #1,135
  • Apr 7, 2008 1:18am Apr 7, 2008 1:18am
oops.. took my 10pips TP... that was fast

btw. I'm a newbie.. so my target is only 10pips
  • #1,136
  • Apr 7, 2008 1:19am Apr 7, 2008 1:19am
E/J Seems bullish to me...im waiting for its important level to break...Then it will be an excellent long E/J Trade...Let's see......
  • #1,137
  • Apr 7, 2008 1:21am Apr 7, 2008 1:21am
Quoting aediaz1
I would count that as a flag yes. Notice that we have flagpole to determinate this as flag;
thanks for the confirmation sir.....
  • #1,138
  • Apr 7, 2008 1:32am Apr 7, 2008 1:32am
Quoting porsche
hi all !!!!!!!!!!!!!!
Hi, have pretty much same lines on daily. Descending triangle;
Attached Image (click to enlarge)
Click to Enlarge Name: gudaily.gif Size: 16 KB
Measure twice, cut once
  • #1,139
  • Apr 7, 2008 1:34am Apr 7, 2008 1:34am
Quoting gunset
oops.. took my 10pips TP... that was fast

btw. I'm a newbie.. so my target is only 10pips

Excellent idea as an starter ! Built up confidence. Wish I started out with same target think it would save me some money
Measure twice, cut once
  • #1,140
  • Apr 7, 2008 1:39am Apr 7, 2008 1:39am
Quoting Umairs2004
E/J Seems bullish to me...im waiting for its important level to break...Then it will be an excellent long E/J Trade...Let's see......
Very possible. G/J , E/J and U/J seems bullish to me.
Measure twice, cut once
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