I wouldn't call 15248-15250 a wide range.
- #6,401
- Nov 25, 2008 8:51am Nov 25, 2008 8:51am
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
- #6,404
- Nov 25, 2008 9:16am Nov 25, 2008 9:16am
well.. I have the double lows at 5070-5080 and the closer peaks at 5040-5050 so a max 40 pip support area on my charts, which held fine there but adding a stop loss will put it outside my comfort zone.
Willow: Yeah, I was refering to a range instead, cos the S/R weren't nicely aligned.
you have lost me on this one .... 5070-5080 is over 170 pips from the 1.5250 point I marked
I thought they looked perfectly aligned on the 1H chart I posted ?
you have lost me on this one .... 5070-5080 is over 170 pips from the 1.5250 point I marked
I need to put up stop losses.
- #6,406
- Nov 25, 2008 9:52am Nov 25, 2008 9:52am
Maybe thats why it's a good idea to set an alarm for a price area, when it gets to within 20 pips start watching it closer. BRV even stated in his posts the range could be up to 30 pips wide. But it's all in someone's risk appetite.
KC
KC
Could be the zoom in/out perspective playing tricks? Sometimes I forget how much the cable can run so I like to mouse over each individual bar to get the hi/los. Could even be different broker feeds, my price never got to 5250. Since you're trading off your own charts I'd say stick to your own lines
- #6,408
- Nov 25, 2008 10:23am Nov 25, 2008 10:23am
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
Lol, I didn't even mention a range, just the 1.5250 price
swap: or did you mean something else ?
- #6,409
- Nov 25, 2008 11:02am Nov 25, 2008 11:02am
I was replying to swap and actually agreeing with your s/r point of 15250. It worked out well.
Yes I realised that ... sorry for any confusion.
Thanks.
I actually got in again later for another 120 pips
IMHO I dont think it has stopped yet either.
- #6,412
- Nov 25, 2008 11:59pm Nov 25, 2008 11:59pm
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
- #6,416
- Nov 26, 2008 1:22am Nov 26, 2008 1:22am
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
- #6,417
- Nov 26, 2008 1:46am Nov 26, 2008 1:46am
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts
Having a look at this one here - [email protected]
Any thoughts ?
It's quiet in here last few days - where have all the regulars gone ?
You mean 1.1995 as your chart indicates, a typo like that is ok here but not on your trading platform.
Don't worry I couldn't type yesterday either.That area could have strong s/r, the actual price point depends on your own charting package and the timeframes you use of course.
Here's another chart for you to compare, Green is daily, black is 4h, blue is 1h. I tend to put lots of lines in then weight the most significant ones.
Re: last post
This chart shows it well with the 1.2880 level being previous resistance, so it should now bounce off at this support level ?
This chart does show that it may well bounce off 1.2922 so keeping an eye on both levels now
I am looking at the same bucket. It is hard to decide if 905 or 880 is the bounce line.
What do you think?
BTW, we are "the regulars" for now...
Slow day for trading, hope US session will wake it up.
Willowgal,
I am looking at the same bucket. It is hard to decide if 905 or 880 is the bounce line.
What do you think?
BTW, we are "the regulars" for now...
Slow day for trading, hope US session will wake it up.
- #6,420
- Nov 26, 2008 2:59am Nov 26, 2008 2:59am
- | Joined Nov 2008 | Status: I support the resistance | 1,033 Posts