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Trading With Speed Resistance Lines

  • #1
  • First Post: Mar 22, 2007 8:49pm Mar 22, 2007 8:49pm
This is not a system; merely a very accurate tool to depict resistance/support and signs of reversals. I've noticed little discussion of speed lines, and thought I would share some of my knowledge about them.

Enjoy,

Kevin
Attached File(s)
File Type: pdf Speed Resistance Lines.pdf   188 KB | 4,168 downloads
  • #2
  • Mar 22, 2007 9:06pm Mar 22, 2007 9:06pm
this is similar to fibonacci fan on metatrader.
  • #3
  • Mar 22, 2007 9:17pm Mar 22, 2007 9:17pm
Speed lines..mmmm.. sounds rather illegal and addictive

On a serious note, it looks interesting. I will read through the document, and hopefully learn something useful. Thanks for posting this!
  • #4
  • Mar 22, 2007 10:38pm Mar 22, 2007 10:38pm
Where do I find the Fib fan in MT4? I've looked in 'Navigator', indicators and it is not listed on the drawing toolbar. Most trading platforms have one, but I can't find it. Can you please advise. Thanks!

johnny
  • #5
  • Mar 22, 2007 11:08pm Mar 22, 2007 11:08pm
Quoting yorkyjohnny
Where do I find the Fib fan in MT4? I've looked in 'Navigator', indicators and it is not listed on the drawing toolbar. Most trading platforms have one, but I can't find it. Can you please advise. Thanks!

johnny
Go to Insert, and Fibonacci. It's there
  • #6
  • Mar 23, 2007 12:05am Mar 23, 2007 12:05am
thanks zawodowiec.......I don't know how I missed that, I think it's time to go to bed.

johnny
  • #7
  • Mar 23, 2007 1:36am Mar 23, 2007 1:36am
Hi Kharvell

I has just read your doc and its looks interesting. I have applied using Fib fan lines but as you say in your doc the speed resistance lines are more accurate. I would agree with this. I use MT4 but I do not see the speed/resistance indicator there.

Which platform do you use? and/or do you have an indicator for MT4?

Many thanks
  • #8
  • Mar 23, 2007 1:49am Mar 23, 2007 1:49am
Quoting Koh Samet
Hi Kharvell

I has just read your doc and its looks interesting. I have applied using Fib fan lines but as you say in your doc the speed resistance lines are more accurate. I would agree with this. I use MT4 but I do not see the speed/resistance indicator there.

Which platform do you use? and/or do you have an indicator for MT4?

Many thanks
Yes, it is true; fib fan's are quite similar to Speed Lines, but from what I've looked at Speed lines will call the shots a bit better. Especially the outside lines is where the main difference lies.

I personally use Oanda, and have very limited knowledge of MT4; so you may be on your own with this one. Or just use fib fans, which will be close enough.

Regards,

Kevin
  • #9
  • Feb 21, 2013 3:46am Feb 21, 2013 3:46am
Hi

i should say this is the easiest way make money, thank you very much, is thr anymore insights...?
  • #10
  • Feb 21, 2013 2:13pm Feb 21, 2013 2:13pm
Quoting zawodowiec
Speed lines..mmmm.. sounds rather illegal and addictive
http://www.reactiongifs.com/wp-conte...j-laughing.gif
  • #11
  • Feb 21, 2013 2:14pm Feb 21, 2013 2:14pm
Quoting koratty1234
Hi

i should say this is the easiest way make money, thank you very much, is thr anymore insights...?
http://www.reactiongifs.com/wp-conte...2/say-what.gif
  • #12
  • Mar 5, 2013 8:07am Mar 5, 2013 8:07am
Hello, thx for sharing your info with the PDF. I have used Fibo fan regularly, but I wanted to try out of curiosity the speed lines. I have found them to be a bit more accurate, but because I'm used to Fibo fan, I feel at the moment more comfortable using it as usual for my analysis. I have a question, do you know of a book dedicated to the speed lines, or at least some robust books with chapters dedicated to these lines? The only knowledge I have atm is that presented by Mr. John Murphy.
I know there is info free available on google, but I would prefer to read from an author.
Thx,
  • #13
  • Last Post: Mar 5, 2013 8:26am Mar 5, 2013 8:26am
I find this a useful and I am thinking to test this in demo first. If I got some good results then it will be a good tool in my forex kit. I like the concept of these resistance lines and it can add some extra pips to my bad.
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