Thread: Drawing correct resistance and support-lines

Originally Posted by ;

Usd/jpy did not turn out too bad, did you have any place on it Mark?

Nope I was just curious, I did short the USD/CHF although the thought behind it was that it is a win-win situation: if I lose money that is the fee I have to pay for my own shallow analysis and t remember not to do it again and when I could have any pips than it is simply magnificent. And I had 15pips (down to 50% then I quit) so thanks to your help mate!

Along with your geppy analysis (potential upside B.O. based on PA) was really professional. I truly hope you jumped the bandwagon in time it is a lot of money today! 122pips because the breakout

Yep, here we go, next tp 212 - 161 fib level.

Originally Posted by ;

Possible second target. Riding with us? This is where you can use stochs to see when price will get OB in various TF's. It isn't OB @ 15m chart so this have great possibility.

Originally Posted by ;

Nope I was just curious, I did brief the USD/CHF although the idea behind it was that it is a win-win scenario: should I lose money that is the fee I must pay for my own shallow analysis and t remember not to do it and if I could have any pips than it is just magnificent. And I'd 15pips (down to 50% then I ceased ) so thanks for your help mate!

Along with your geppy analysis (potential upside B.O. based on PA) was truly professional. I truly expect you jumped the bandwagon in time it is a lot of money! 122pips since the breakout

Ah well done Mark! That's simple pips

I entered gbp/jpy at 210.38 when I saw that London pivot grip and when price turned around for the upside. Closed the majority of the place @ 211.50 so it was an easy run, influenced to some degree by positive gbp news.

As we talk, gbpjpy hit next goal, close to 211.75, had 1 miniature position open to see if it hit. I see not giving back any profits today!

Edit: Possible short from 211.90-212 area, its where 61.8 fib and 30m resistance face.

Keep an eye on eurusd, if we split 1.4757 lvl, it could offer some more bulls, IMO.

Also, thanks for the nice comment

Hello everyone I am back! As said GJ rallied after the breakout. I came home late and had missed the boat! I believe its too late to go into today as stoc is overbought.


, did I improve on my drawing todae? I have any valid candlesticks lol. If I am mistaken, correct me.

Hope to learn more from all exp traders on the market!

Yuna

Originally Posted by ;

Hello everybody I'm back! As said GJ rallied following the breakout. I came home and had missed the boat! I believe its too late to go into today as stoc is overbought.


, did I improve on my drawing on todae? I have some valid candlesticks lol. If I'm wrong, correct me.

Aspire to learn more from all exp traders out there!

Yuna

Yes Yuana your lines are 100% correct! Your lower line (service ) may be adjusted a few pips greater so it strikes second candlestick-formation correctly. Little details, yes, but long live perfectionism

Place your 30m chart up and draw a few resistance-lines, you need to observe that gbp/jpy have a possible short-term reversal around this field. Believe I have posted it here. .

... and shorted following the move. 12 pips, amazing ;--RRB-

Careful ! I've closed mine shorts (yes I could not lay off), seem how price reacted to 1h (currently ) support. Don't neglect to lock in your profits! Especial when trading against daily trend.

I see some traders are shorting chf today, but be very careful! At it looks fine, but look its not! Price have established external resistance and price action is currently ticking for the upside. Also find that eur/usd don't break our upper target and have just busted a service aiming downward (great to know because they move opposite way). I see a potential that is long here usd/chf. But keep in mind, there's a prospect of failure within my tests!

I know, i know. This was just an extremely speedy scalp, which gave tremendous 12 pips. lol

Originally Posted by ;

Careful ! I have closed mine shorts (yes I could not lay off), seem how price reacted to 1h (currently ) support. Do not forgot to lock in your profits! Especial when trading from daily trend.

Originally Posted by ;

I know, i know. This was only an extremely speedy scalp, which gave huge 12 pips. Lol

Well done rocroy in not turning that commerce to a loser! Profits are profits no matter what size!