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Drawing correct resistance and support-lines

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  • #1,521
  • Apr 29, 2008 11:37am Apr 29, 2008 11:37am
  •  007
  • | Joined Jun 2007 | Status: "Undisciplined Trader" | 49 Posts
Quoting aediaz1
Been away all day so missed some nice moves, hence the late reply.

I like 4h chart for making HH, HL etc and 1h as the lowest. I see it as "my" type of MA. It's only to remind me of currently trend, nothing more.
September 11, 2001
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  • #1,522
  • Apr 29, 2008 12:14pm Apr 29, 2008 12:14pm
That's May '02.
  • #1,523
  • Apr 29, 2008 1:04pm Apr 29, 2008 1:04pm
Quoting aediaz1
Been away all day so missed some nice moves, hence the late reply.

I like 4h chart for making HH, HL etc and 1h as the lowest. I see it as "my" type of MA. It's only to remind me of currently trend, nothing more.
My Question

Adiaz1. what maening type of MA------>MA?
2.so if you trade in H1 do you anticipation for buy after make R & S coz the price make HH,HL or you still open sell if price break support ?

Thanks Aediaz
  • #1,524
  • Apr 30, 2008 1:30am Apr 30, 2008 1:30am
Quoting juang
My Question

Adiaz1. what maening type of MA------>MA?
2.so if you trade in H1 do you anticipation for buy after make R & S coz the price make HH,HL or you still open sell if price break support ?

Thanks Aediaz
MA = Moving average.

2. It really depend on what setup I see. Normally, I always plan for either way, so it's not an too big issue. But playing along with the trend is normally a winner And consulting with higher timeframes is helpful too.
Measure twice, cut once
  • #1,525
  • Apr 30, 2008 1:46am Apr 30, 2008 1:46am
Hi, Aussie is making HH on daily but Head and shoulders on 4 hour if there is a break of .9290 may be a good trade? on the up side 30 min break of triangle formation what do you guys think.
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  • #1,526
  • Apr 30, 2008 1:49am Apr 30, 2008 1:49am
Quoting aediaz1
MA = Moving average.

2. It really depend on what setup I see. Normally, I always plan for either way, so it's not an too big issue. But playing along with the trend is normally a winner And consulting with higher timeframes is helpful too.
Thanks Aediaz1 ,please give me your chart with 2 TF,maybe H4 and H1,coz i want study tf h1 but consulting TF h4 too, so i am trade with the current trend,thanks again for your answer
  • #1,527
  • Apr 30, 2008 1:56am Apr 30, 2008 1:56am
Quoting Paj
Hi, Aussie is making HH on daily but Head and shoulders on 4 hour if there is a break of .9290 may be a good trade? on the up side 30 min break of triangle formation what do you guys think.
I see the probability for more upside based on those 2 charts;
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Measure twice, cut once
  • #1,528
  • Apr 30, 2008 3:14am Apr 30, 2008 3:14am
Quoting juang
Thanks Aediaz1 ,please give me your chart with 2 TF,maybe H4 and H1,coz i want study tf h1 but consulting TF h4 too, so i am trade with the current trend,thanks again for your answer
Example of how correlation can be used between different TF;

30m and 1h usually hold hands. Looking at 4h chart we clearly see that price have been channeling since 24.04. Being intra-day trader, we consider that price have made LH and LL since the same date.

So my question to you is what side of this pair do you want to be if you're trading intra-day ? If the option for the opposite happens where would you consider taking a trade on it ? Where would your first target/entries/stop losses be, both ways ?

This exercise makes you focus more on WHAT to do when price comes to your target rather than trying to predict where price is going, which is damn hard, IMO. If you also see that the probability for price to go down instead of up, you might allow yourself to favor downside without excluding upside.

Don't take this for being the answer or anything but only a way to look for potential trades.
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Measure twice, cut once
  • #1,529
  • Apr 30, 2008 3:15am Apr 30, 2008 3:15am
and 4h
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Measure twice, cut once
  • #1,530
  • Apr 30, 2008 3:46am Apr 30, 2008 3:46am
Quoting aediaz1
and 4h
Many thanks for your answer aediaz ,great
  • #1,531
  • Apr 30, 2008 6:17am Apr 30, 2008 6:17am
Quoting juang
Many thanks for your answer aediaz ,great
No problem.

Here is G/J. Same pattern on 30m
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Measure twice, cut once
  • #1,532
  • Apr 30, 2008 7:29am Apr 30, 2008 7:29am
Quoting aediaz1
No problem.

Here is G/J. Same pattern on 30m


This my chart gbp/jpy TF30 ,valid resistance(3x touch then breakout),thanks Aediaz1
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  • #1,533
  • May 1, 2008 9:20am May 1, 2008 9:20am
Hai there..

i'm newbie in forex,i think this thread benefit me so much,i dont know how to contribute because of english language problem ( i just can read ), but i think this thread a little cold so we hope u guys keep on discussing,there are a lot of people like me.

i would like to thank you very much to all of you guys,especially aediaz who help us a lot.
  • #1,534
  • May 1, 2008 10:21am May 1, 2008 10:21am
Quoting vitagene
Hai there..

i'm newbie in forex,i think this thread benefit me so much,i dont know how to contribute because of english language problem ( i just can read ), but i think this thread a little cold so we hope u guys keep on discussing,there are a lot of people like me.

i would like to thank you very much to all of you guys,especially aediaz who help us a lot.
Keep learn Together


Just want to show Trendline H4( 3 touch S&R) covert to M30 .nice break out on Eur/Jpy
please share your comment master Aediaz1
Attached Images
  • #1,535
  • May 1, 2008 10:42am May 1, 2008 10:42am
Quoting vitagene
Hai there..

i'm newbie in forex,i think this thread benefit me so much,i dont know how to contribute because of english language problem ( i just can read ), but i think this thread a little cold so we hope u guys keep on discussing,there are a lot of people like me.

i would like to thank you very much to all of you guys,especially aediaz who help us a lot.
Glad to hear you have been able to benefit from this thread.

I'm sorry for not being able to contribute with charts lately.

Here is one potential trade I'm looking at right now. If we head above 205.65 area I see the probability for price to hit 206.50 area. If we head below 204.80 I see 204 area as a fair target. Those targets is based on the currently flag(pole) on 30m chart. 206.50 also confluence with TL on 4h chart and 204 is red TL on 4h chart.
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Measure twice, cut once
  • #1,536
  • Edited 11:22am May 1, 2008 11:01am | Edited 11:22am
Quoting juang
Keep learn Together


Just want to show Trendline H4( 3 touch S&R) covert to M30 .nice break out on Eur/Jpy
please share your comment master Aediaz1
Lol. There is some "masters" here at FF but I'm faaar away from considering myself near that "title" and this should not be an disappointment

Anyway, here is what I see on E/J. Strong yen seems to be moving both G/J and E/J right now. Almost same setup as G/J.

I don't see how your lower TL fits in on 30m, but I guess it's from 4h ?

Edit: Posted wrong flag-target.
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Measure twice, cut once
  • #1,537
  • May 1, 2008 11:09am May 1, 2008 11:09am
Added silver template if someone would be interested at the start of this thread.
Measure twice, cut once
  • #1,538
  • May 1, 2008 11:26am May 1, 2008 11:26am
Price bounced of 205.65 on G/J forming a double top on 1h if price don't head above it within 1h close in 30 minutes.
Measure twice, cut once
  • #1,539
  • May 1, 2008 11:44am May 1, 2008 11:44am
Quoting aediaz1
Lol. There is some "masters" here at FF but I'm faaar away from considering myself near that "title" and this should not be an disappointment

Anyway, here is what I see on E/J. Strong yen seems to be moving both G/J and E/J right now. Almost same setup as G/J.

I don't see how your lower TL fits in on 30m, but I guess it's from 4h ?

Edit: Posted wrong flag-target.
Yup.my TL from h4,i just want to share with another about the power of TL
  • #1,540
  • May 1, 2008 11:57am May 1, 2008 11:57am
E/J target soon hit. G/J still in progress. Someone riding along ?
Measure twice, cut once
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