Drawing correct resistance and support-lines
Hey guys this is a cool thread, managed to read through it yesterday from the beginning.
I mean I love triangles formations and this was the first pattern I ever noticed on my own , I really thought I was going to make it big time but you really gotta know how to play them properly I guess.
On a bigger scale im thinking that falling wedge formation on the daily is looking good.
I know some of my lines are not as you would draw but it sort of makes sense.
... Now see the Pound Breakdown... some excellent Pip's......
Looks like pound is indeed slipping, not sure on my lines though.
Well Im a Breakout Player... & Believe on those entrie's which based on breakout's + with trend in my favour...Here we have a trend in our favour but this is the last EURO important fundamental which is about to announce after 1-Hour & 15 Minute's...
EURhttp://www.forexfactory.com/images/m...act_medium.gifIndustrial New Orders m/m
Let's see it's got any impact or not... But technically if we see then we a bearish trend... Now Waiting for last Euro Fundamental & it's impact...
Umair!!!
Well Guy's Euro/Usd still struggling & still bearish ...Now Even in the 2nd Session of the day...It seem's bearish...Now still in 4-Hour chart this pair is trending down...Let's see wht's whppened next...
Umair!!!
Hi There guy's..Today my eye's are on E/U seem's bearish to me...im waiting for some important breakdown's let's see...
Umair!!!
...Well On the start of the day i was totally expecting a bearish movement today by E/U As it fails to break the upper line of trendline in a daily chart also couple of reversal candles formation is there on 4-Hour chart... & a breakout in a 30-Minutes chart also......... hi bones this is indeed a great thread but you have way too much mess on your charts imho. aediaz has taught us just 2 t/lines and pattern formations is all we need. I must confess that i still use my fibs as well but none of those silly indicators anymore.
joy
I understand where you coming from joypips ,and I know the chart is a bit off subject.
There are not many indicators though; the coloured boxes are just price zones, and you have 1 fib and and 3 MAs.
I know its busy but I just use it for a big picture and was just trying to show confluence so it got busy.
I actually look to trade much more naked ,lol
Maybe this ones a bit more in tune shame it looks like condolidation.
hi bones and all
bones i was not having a go at you just having a bit of fun please forgive me you are doing a top job!!
far better than me at posting charts still trying to work out a better way to do it.
