Thread: Drawing correct resistance and support-lines

Originally Posted by ;

the market has spoken...I exited too premature....the asia available would be the suitable exit place.

To help your mood I will say you exited with profit Making profit = priority number 1

Thanks,

noticed most people trade marginally longer period than me, whats your holding period such as:

Regards

mARK

Originally Posted by ;

the market has spoken...I exited too early....the asia open would be the suitable exit area.

Guess I state it again.No fish prawn also gd!
, EJ testing . .



Yuna

Originally Posted by ;

Thanks,

noticed most people trade slightly longer timeframe than me, whats your holding period such as:

Regards

mARK

Well Should You Preffered Shorter TF... Than I Believe 30-Minute TF is batter than 15-Minutes...
Only try It....

Broken , coming daily S3. .



Yuna

If anyOne preffered shorter TF then I,ll Recommened 30-Minutes as best. . .See Good USD/CHF Downbreak for 35-Pips...

Originally Posted by ;

Thanks,

noticed most people trade marginally longer period than me, whats your holding period like?

Regards

mARK

It really depend on what TF I spot the setup. If I see a breakout on 1h, I am likely to hold if for a couple of hours.

Like today, where I spotted a breakout on daily UJ, I'd probably hold it for a few days;

Originally Posted by ;

If anyOne preffered briefer TF then I,ll Recommened 30-Minutes as greatest. . .See Good USD/CHF Downbreak for 35-Pips...

Nice one! It's tripping at monthly support. .



Yuna

Originally Posted by ;

Broken , coming daily S3. .



Yuna

Not broken yet beloved Yuna. Rather a break-out from currently pattern, but its not a broken line since price still can shut above service. If service is completed into resistance I would call it broken Just 5min left on currently bar tho.

Originally Posted by ;

Not divided yet dear Yuna. Rather a break-out from currently pattern, but its not a broken line since price still can close above service. When service is completed into resistance I'd call it busted Only 5min left currently bar tho.

Sry my error! Should have said downbreak .for this scenario I did not wait for retest, I entered even before the rest of triangle once the resistance rebound, and have a gut feeling tt it'll crack downwards of triangle. Quite competitive however. .



Yuna