Thread: Drawing correct resistance and support-lines

Originally Posted by ;

Hi CIORIMAU, a nice run had on cable there! but be aware that trading solely on fibo is risky, it's better to combine with trendlines and SR lines.

Yuna

why you think that this??? I think you could trade just using fibos.

Originally Posted by ;

My apologies it meant nothing, needed try the signature item at the end of every posting.

No apology needed, I just find such symbols intriguing, so was making an inquirey about it's significance, you know the things - peace love, family name etc..

Finest of pips

This is a Entry Point at a 30-Minutes chart as this pair's firmly break'sdown 70 Pip's almost.... Also See daily chart. . .As stay's bearish... Hope so this pair will stay's bearish through-out this week... Waiting for some Important breakdown's...
Also Keep An Eye On some of important Fundamental's through'out the week....

Originally Posted by ;

Here is a Entry Point in a 30-Minutes chart as this pair's firmly break'sdown 70 Pip's nearly.... Also Watch daily chart. . .As stay's bearish... Hope so this pair will stay's bearish through-out this week... Waiting for some Important breakdown's...
Additionally Keep An Eye On some of important Fundamental's through'out the week....

it appears the aud/usd is starting to go downward. However, having alot of trouble with daily support-line. What I am looking for now, is a breakout from daily chart. This week will hopefully tell us what is next

GJ; We had a breakout on 1h to the downside (roughly 55pips). It went via the newly broken trendline.

Originally Posted by ;

It's One Of My Favourate Twist As related to my manner of trading... I Will Glad to article my Analysis also...

Hello Umairs, yes please share, hope to find out frm u.


PS: Aediaz1, seems like ur thread is rocking, didnt imply entry fees? LOL!

Yuna

Originally Posted by ;

My apologies it meant nothing, needed attempt the signature thing in the end of each posting.

Haha funny lah u, I like ur signature/avatar, HUAT ah. .

Originally Posted by ;

why you believe that this??? I believe that you could trade using fibos.

Appears like to all its own
My motive is because fibo is very subjective, the way u draw it will be how u interprete it and also affects ur signal/entry/exit. Another reason is because price ignores fibo and jus proceed at the will of it. I would rather use fib together with trendline and SR for confirmation. But if u use fibo on a TF like u did, I believe they are more reliable since most players has exactly the exact same line as u, wheareas in timeframe, there is lot's of ways to draw a fib. JMHO.

My two pennies. .
Yuna

Originally Posted by ;

GJ; We had a breakout on 1h into the disadvantage (roughly 55pips). At the moment it moved via the newly broken trendline.

Now price was rejected by daily pivot a few times. Couldnt create a break over it currently. .



Yuna

Originally Posted by ;

No apology needed, I just find such symbols intriguing, so was making an inquirey about it's meaning, you know the things - peace love, household name etc..

Best of pips

Well this is among those symbols at the mahjong game. It basically means expansion, which in mahjong context growth of wealth. It's a traditional chinese character.

mARK