Thread: Drawing correct resistance and support-lines

True, Fibs could be subjective, which is why I tend to use them on high lows where a consensus is there.

Originally Posted by ;

Well that is one of the symbols in the mahjong game. It basically means expansion, which in mahjong circumstance growth of riches. It is a standard chinese character.

MARK

Love the game, at least I know one of the symbols. thought I'd seen it somewhere before, just couldn't put it.

Originally Posted by ;

Hello Umairs, yes please share, expect to learn frm u.


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

Yuna

Sure Yuna .... Glad to Post review here...

I jUst close the E/U 30 -Minutes breakdown for 30 Pips,like I missed the chance to input a now's AUD/USD breakdown (View My prior Post with screenshot) Trade coz I was little busy...
ECB President Trichet Speaks” News is going to come...
see the screenshot... Additionally seem's breakdown in 4-Hour chart is all about the trigged. . .But I only exit coz of new's and as a day trader my daily goal is currently successfuly attained... </b>

Originally Posted by ;

I jUst close the E/U 30 -Minutes breakdown for 30 Pips as Important”
ECB President Trichet Speaks” News is going to come...
see the screenshot... Also seem's breakdown in 4-Hour chart is all about the trigged. . .But I only exit coz of new's and as a day trader my daily target is now successfuly achieved...
</b>

Nice chart,,, Umair2004....

Originally Posted by ;

Seems like to all its
The reason is since fibo is very subjective, how u draw it's going to be how u interprete it and also affects ur signal/entry/exit. Another reason is because sometimes price ignores fibo and jus proceed at it's will. I would rather use fib with trendline and SR for more confirmation. If u use fibo on a longer TF like u did, I think they are more reliable as players has the same line as u, wheareas in shorter time frame, there's lot's of ways. JMHO.

My 2 pennies. .
Yuna

Quoting from the book The Eduion of a Speculator written by Victor Niederhoffer -

I can't refrain from noting here that there are so many Fibonacci retracement levels. . .that the Odds Are 50/50 that some non or some high will retrospectively occur within one point

yuna

A break of oriental session high might be happening on GJ...

Originally Posted by ;

Today price was rejected by daily pivot a few times. Couldnt make a rest above it currently. .



Yuna

Possible goal;

Originally Posted by ;

Nice chart,,, Umair2004....

Thank's Fising...
Well Dude I Only Stopped Your'Custom User Title” Strike Run”
Everything you wana struck and why you wana Run LOL (Kidding)...
GoodLuck To your Journal...

Originally Posted by ;

yuna

A break of oriental session high might be happening on GJ...

That may truly help the prognosis for longs today.