By rejection I look for a parabolic or sine wave type move off of a support and then take the long
I usually know it when I see it. And have pending order waiting.
I usually know it when I see it. And have pending order waiting.
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DislikedFeb, Dim and all other members of the group
This is how my 5 min chart is looking, the black lines are what i would class as the more major support and resistance levels (or the outter ones)
and the blue lines and the minor (or innner) S/R levels
If anyone could just check and see if i seem to be plottin them right?
Also a question, would you suggest i plot the s/r lines based on the tail of the candle or the body of the candles
Thanks rob.Ignored
DislikedFeb, Dim and all other members of the group
This is how my 5 min chart is looking, the black lines are what i would class as the more major support and resistance levels (or the outter ones)
and the blue lines and the minor (or innner) S/R levels
If anyone could just check and see if i seem to be plottin them right?
Also a question, would you suggest i plot the s/r lines based on the tail of the candle or the body of the candles
Thanks rob.Ignored
DislikedDear feb!
Please, do not bash me hard... if I do something wrong - tell me honestly...
I did not went long at previous opportunity (was a little busy), but went short now at the setup I spot at charts...
here is chart:Ignored