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Drawing correct resistance and support-lines

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  • #2,501
  • Aug 31, 2008 9:22am Aug 31, 2008 9:22am
eadiaz1 congratulations with your new thread mate!!!
  • #2,502
  • Sep 1, 2008 8:09am Sep 1, 2008 8:09am
Quoting mong
HELLO, i'm just begginning on this thread so most can ignore me. i would like to know why on post#3 you drew the trendline there and not b4. i will post where i think it goes! okay.

Thanks anyone!
I would be be correct to draw it from that point too. Why I didn't is another question

Quoting belekas
eadiaz1 congratulations with your new thread mate!!!
Thanks, and the name of the thread is; Technical Analyses; S/R, Trendlines, Useful Indicators and Price-patterns
Measure twice, cut once
  • #2,503
  • Sep 3, 2008 8:50am Sep 3, 2008 8:50am
Quoting aediaz1
I would be be correct to draw it from that point too. Why I didn't is another question



Thanks, and the name of the thread is; Technical Analyses; S/R, Trendlines, Useful Indicators and Price-patterns

ok thanks. then my next question will be, why didn't you draw it there? ;-)

thanks in advance!
  • #2,504
  • Sep 3, 2008 8:55am Sep 3, 2008 8:55am
Quoting mong
ok thanks. then my next question will be, why didn't you draw it there? ;-)

thanks in advance!
whoops. sorry didn't see your reference to the link!! thank you. nice will have a study of it. looks good though. yumm yumm!

=)
  • #2,505
  • Sep 7, 2008 4:49pm Sep 7, 2008 4:49pm
Quoting aediaz1
I would be be correct to draw it from that point too. Why I didn't is another question



Thanks, and the name of the thread is; Technical Analyses; S/R, Trendlines, Useful Indicators and Price-patterns
could you draw the trendlines in eurusd daily and 4h for me?
Sorry about my english...
  • #2,506
  • Oct 30, 2008 7:58am Oct 30, 2008 7:58am
hi there everyone..!!
i've just come across with this tread few days ago...
even though its been there for long time.. its nvr too late to discover such valuable information... to all ya ppl...

anyway... since i've bump into this tread i've been trying to use the support and resistance line to trade in my demo account and real account..

but sometimes... it did really work out as i expected.. but sometimes.. not...

i was wondering did i drawn the wrong lines? i've lots of doubts since i've just started forex recently..

can anyone enlighten me on where did i go wrong? thanks for the help...

http://www.flickr.com/photos/14186690@N04/2986740176/

and sry for the bad english
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 10 KB
  • #2,507
  • Nov 1, 2008 6:03am Nov 1, 2008 6:03am
Quoting kabyss87
hi there everyone..!!
i've just come across with this tread few days ago...
even though its been there for long time.. its nvr too late to discover such valuable information......
Hi there. Yes those lines seems correct
Measure twice, cut once
  • #2,508
  • Nov 2, 2008 1:47pm Nov 2, 2008 1:47pm
Just come across this excellent thread ..... thanks ....

.
  • #2,509
  • Nov 3, 2008 2:21am Nov 3, 2008 2:21am
I've just started and thanks for your toic I undersand know these lines..
  • #2,510
  • Nov 6, 2008 6:31am Nov 6, 2008 6:31am
This is what will happen when there's breakout in resistance.
Nice pips....
Attached Image (click to enlarge)
Click to Enlarge Name: 13.gif Size: 17 KB
  • #2,511
  • Nov 6, 2008 8:07am Nov 6, 2008 8:07am
can someone tell me how to use both aediaz1's and RichD's indicators in one chart? there are so many lines i'm confused..
  • #2,512
  • Nov 12, 2008 3:08pm Nov 12, 2008 3:08pm
The Tom DeMark trend lines are drawn from right to left
(whether they're support or resistance), whereas the other
articles draw them from left to right.

DeMark's method seems to be really confusing; the other
articles are straightforward enough.
Attached File(s)
File Type: pdf TAS&C - Support and Resistance Precision (TAS&C).pdf   299 KB | 1,168 downloads
File Type: pdf CURR - TDTL (currencytradermag) Sept 2006.pdf   388 KB | 956 downloads
File Type: pdf SMART INVESTOR - How-To-Draw-TrendLines (smart investor) May 2007.pdf   458 KB | 1,219 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #2,513
  • Nov 12, 2008 11:57pm Nov 12, 2008 11:57pm
We have an important support level at 1.2300 coming up for the EUR/USD. Resistance is now between 1.2625-1.2650.

Graphs and source:
http://piphut.com/2008/11/technical-...ing-rallies-3/
"A goal without a plan is just a wish."
  • #2,514
  • Nov 14, 2008 8:14am Nov 14, 2008 8:14am
Thanks for the files. Will look into it

Quoting blunderbuss
The Tom DeMark trend lines are drawn from right to left
(whether they're support or resistance), whereas the other
articles draw them from left to right.

DeMark's method seems to be really confusing; the other
articles are straightforward enough.
  • #2,515
  • Nov 15, 2008 9:30am Nov 15, 2008 9:30am
hi
my name is rafat i just wana tell u that u got us a good and intresting information and thank u alot
Let me fill my acount wallet then will take Ur advice
  • #2,516
  • Nov 17, 2008 11:17pm Nov 17, 2008 11:17pm
http://www.zshare.net/image/51477352cee74ad1/
(This is my link to see the image, I'm sorry because I don't know how to post images here)
Hello all traders in ForexFactory Forum,
I'm a new trader, and I would like to consult all of you from new traders to professional traders about all of my 4 support/resistance lines here:
- Line 1, Line 2, Line 3 seems to be valid. Is it right?
- My main question is: Do you think Line 4 (Green Line) to be considered as a Support/Resistance Line? When compared with Line 1, 2 and 3, I see this Line 4 seems not to be a strong Support/Resistance Line? Is it right?
  • #2,517
  • Nov 21, 2008 11:21am Nov 21, 2008 11:21am
Quoting chemi
http://www.zshare.net/image/51477352cee74ad1/
(This is my link to see the image, I'm sorry because I don't know how to post images here)
Hello all traders in ForexFactory Forum,
I'm a new trader, and I would like to consult all of you from new traders to professional traders about all of my 4 support/resistance lines here:
- Line 1, Line 2, Line 3 seems to be valid. Is it right?
- My main question is: Do you think Line 4 (Green Line) to be considered as a Support/Resistance Line? When compared with Line 1, 2 and 3, I see this Line 4...
I hope this post can answer your question.
Measure twice, cut once
  • #2,518
  • Nov 29, 2008 9:29am Nov 29, 2008 9:29am
Two posible stuff that i observing now.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDUSD 30Nov08 H4.gif Size: 25 KB
  • #2,519
  • Dec 20, 2008 10:27am Dec 20, 2008 10:27am
Hey all, nice thread. Why do you draw diagonal S&R lines, aren't they horizontal? This bothers me as I've been taught S&R lines are drawn horizontally and trend lines in the way of the trend so what's up with that?

And why do draw it from wick to wick instead from Open to Open (Close to Close)?
  • #2,520
  • May 22, 2009 6:18am May 22, 2009 6:18am
Looking to sell it back to support....

As well as looking to long around the support area...(trendline great support)

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 32 KB
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