DislikedHi titus thanks for reply.
Trendlines and candlesticks are a good combination. But identifying
support and resistance-levels are good, too.
I spot by eye SR-levels by zooming out the chart, and look where
bodys of candles start or/and end. I marked a few in the chart below.
You see, price has been going through a resistance level, which is
now support and price is sitting at the moment at this level.
I think its a good idea to watch lower timefrimes for new lower lows or higher highs in combination of a fibo-retracement of todays candle.
There might be a good entrypoint for long.
Setup is invalid, if todays low is broken to the downsite, because there would be my SL.
Green pips for all !Ignored
- Post #1,721
- Quote
- Aug 11, 2008 5:31pm Aug 11, 2008 5:31pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,722
- Quote
- Aug 11, 2008 5:47pm Aug 11, 2008 5:47pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,723
- Quote
- Aug 11, 2008 5:47pm Aug 11, 2008 5:47pm
- Joined Oct 2007 | Status: Member | 3,461 Posts
- Post #1,724
- Quote
- Aug 11, 2008 5:50pm Aug 11, 2008 5:50pm
- Joined Oct 2007 | Status: Member | 3,461 Posts
- Post #1,725
- Quote
- Aug 11, 2008 5:53pm Aug 11, 2008 5:53pm
- Joined Oct 2007 | Status: Member | 3,461 Posts
- Post #1,726
- Quote
- Aug 11, 2008 5:58pm Aug 11, 2008 5:58pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,727
- Quote
- Aug 11, 2008 6:03pm Aug 11, 2008 6:03pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,728
- Quote
- Aug 11, 2008 6:06pm Aug 11, 2008 6:06pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,729
- Quote
- Aug 11, 2008 6:07pm Aug 11, 2008 6:07pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,730
- Quote
- Aug 11, 2008 6:09pm Aug 11, 2008 6:09pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,731
- Quote
- Aug 11, 2008 6:11pm Aug 11, 2008 6:11pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,732
- Quote
- Aug 11, 2008 6:12pm Aug 11, 2008 6:12pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,733
- Quote
- Aug 11, 2008 6:26pm Aug 11, 2008 6:26pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,734
- Quote
- Aug 11, 2008 6:32pm Aug 11, 2008 6:32pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,735
- Quote
- Aug 11, 2008 9:37pm Aug 11, 2008 9:37pm
- Joined Nov 2007 | Status: beginner | 7,784 Posts
- Post #1,737
- Quote
- Aug 12, 2008 6:01am Aug 12, 2008 6:01am
- Joined Oct 2007 | Status: Member | 3,461 Posts
- Post #1,738
- Quote
- Aug 12, 2008 7:01am Aug 12, 2008 7:01am
- Joined Oct 2007 | Status: Member | 3,461 Posts
- Post #1,739
- Quote
- Aug 12, 2008 7:06am Aug 12, 2008 7:06am
- Joined Oct 2007 | Status: Member | 3,461 Posts