Drawing correct resistance and support-lines - Page 4
Page 4 of 5067 FirstFirst ... 234561454 ... LastLast
Results 31 to 40 of 667

Thread: Drawing correct resistance and support-lines

  1. #31
    Turned out nicely for a few quick pips.


    Edit:See post #48

  2. #32
    Took some time before target was reached. Looks like resistance-line will be analyzed. But patience pays off from time to time.


  3. #33
    Late upgrade on cad from yesterday, 40 pips


  4. #34
    Quote Originally Posted by ;
    Only have support to the cable currently on 1h, and copied the angle of that line to a weak stage as you see highlighted with a blue ring. Tomorrow @ London start could be a interesting day. Let us keep lines and our eyes open!
    May just been blessed


  5. #35
    Produced any pips on the gbp/jpy Mark?

  6. #36
    Quote Originally Posted by ;
    Hi Mark,

    The pattern in my Sticky inventory charts book is called a megaphone. It means disagreement between buyers and vendors and could imply in an uptrend a change to down.
    Hope that helps.
    Nikki
    Thanks for the Info! I will keep that in mind, it is very good to realize that this is really another pattern and it worked like a charm and we are 80pips below today!

  7. #37

  8. #38
    Quote Originally Posted by ;
    Made any pips on the gbp/jpy Mark ?
    Yes I got back in time when the breakout happened and I had been gambling on a G/J retracement since yesterday I went in with elevated lot size.
    Very very good end of the week! Have a nice weekend everybody!

    EDIT:
    PS: yet another proof that is a fantastic point to have previous trendlines on your charts for just a tiny bit more. Look how the megaphone service line (cheers nikkipip4 ) acted as a fantastic trendline half a day afterwards, and it later become a resistance line. This happens when nobody has new traces on their charts nevertheless

  9. #39
    Quote Originally Posted by ;
    Yes fortunately enough I got back in time when the breakout happened and I was betting on a G/J retracement since yesterday so I went with elevated lot dimensions.
    Very good ending of the week! Have a wonderful weekend everyone!

    EDIT:
    PS: another evidence that's a fantastic thing to have previous trendlines in your charts for a tiny bit more. Look how the megaphone service line (cheers nikkipip4 ) acted as a fantastic trendline half a day afterwards, and it afterwards turned into a resistance line. This occurs when nobody has new lines in their charts yet
    Well done! Almost magic how accurate S/R lines can be.

    Gont concentrate more on gbp/jpy and gbp/usd for your next weeks. Tho trading pairs can repay, I feel that enough attention is needed by gbp.

    Have a wonderful weekend too!

  10. #40
    Fantastic assistance, thanks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information