Technical Analysis

Hi Guys

As a relatively new live trader - 6 weeks or so (been demo for around 6 months) I am really wanting to learn as much as possible as to how to construct really good charts and plot proper support and resistance.

So far I have been using the longer time frames and mainly using trendlines and i have had some success but most of the guys on here seem fairly competent with it.

Can any of the more seasoned traders suggest a place I can go on the web or even on this forum where I can learner the finer points of this craft.

Simon

http://www.babypips.com/school/

Hi Simon,

Try this thread http://www.forexfactory.com/showthread.php?t=69882 it a good thread related to support and resistance.Good luck

Thanks everyone

I will be sure to check them out

Simon

"Whoops there goes another 'Can o' Worms',"
In My Judgement...

FA = ~ 30% {IF you are a Long Term Trader}
PA = ~ 45% {IF you are a Trader}
TA = {the Remaining} ~25% {IF you are an Addicted Trader that requires to be Correct > 80% of the time.}
Hmmm... Need a mathematician to calculate 25% * 80% but I don't think I'm gonna like the Odds of My Trade being a winner.

To Anyone who is thinking "All I have to do is Crack It" You are absolutely correct.
Problem is; That's gonna take years; on average. {Exponential, that is}

btw. I have a Question:
Any TA Traders running close to 80% Wins? If Everyone responded I bet it would be Less than 1% that are > 80%

Toughest thing is watching a 400 p Profit become a 50 Profit before it becomes an 800 p Profit.

Scalpers & ST Traders welcome to comment on Gaining from the fluctuations between but you should understand that before you do... Consider if your method is > 80%

"Slow & Steady Wins The Race"

what does all that have to do with what I asked. I am not looking for a magic bullet I am just trying to understand the charts I am looking at

Simon

This thread by BRV is one of my very favorite ones for support and resistance. Awesome! http://forexfactory.com/showthread.php?t=86429