Drawing correct resistance and support-lines - Page 55
Page 55 of 5067 FirstFirst ... 545535455565765 ... LastLast
Results 541 to 550 of 667

Thread: Drawing correct resistance and support-lines

  1. #541
    Quote Originally Posted by ;
    i cant upload attachment. . Is it server?
    Utilize picture hack to upload your chart. .

  2. #542
    Sometimes it's really helpful to plot a regression and make an envelope based on it. That's your support/resistance.

  3. #543
    Reversal Candle In 30-Minutes chart . . .Though Trend was in my favor at 4-Hour chart... But dont wana take any Risk as'm a day trader and my SL is Just -30 Pip's. . .Now I simply found exit and the entry opportunity in a candle that was exact same coz It shaped Doji contour and reversed for -25Pip's. . .So I enter and exit in a exact same candle for only 11 Pips'...
    Possibly drop's more coz trend is in it's favour but didnt split the four hour's chart strong barrier nonetheless if it did than more Pips are anticipated...... But One must need to Happy using wht's that he get. . .Atleast something ve . . .Not -ve...

  4. #544
    Here is the fantastic example of breakdown while is was sleeping... 73 Pip's downward Move. . .See that the screenshot....

  5. #545
    AUD/USD BROKE THE LOWER Line of TL... 14 Pip's dropdown yet...

  6. #546
    Quote Originally Posted by ;
    Sometimes it is really helpful to plot a linear regression and make an envelope based on it. That is your support/resistance.
    Linear regression is just a statistical approach to trendline drawing, it supplies a so called proper data analysis involving time collection. Its usage similar to most other analysis approaches will be subject to controversy and has been. Drawing on simple trendlines employing observation is a more straightforward approach where this itself presents its own challenges as to what data to think about when drawing, such as closed prices or high/low? Of that Linear regression also suffers exactly the same dilemma. Linear regression has been blamed for its use in economic study, however in regards to trading (not price monitoring ), Linear regression or easy trendlines will present the very same challenges for a trader when it has to do with the validity of accuracy. My vote is for this trader identifies supply and demand areas that is more crucial to a trader's analytic approach, statistical data are secondary, particularly in short term trading. Statistical data analysis tend to be accurate over duration period of 10 decades and beyond. A lot of men and women utilize Linear regression but I suspect that their profitable approach towards this method is not any different to trendline drawing.

    Why take all of the fun out of trading?

    I may be wrong, its only my view.

  7. #547
    EUR/USD update...

    Broke resistance, evidently it's also the asia session high, 50 pips in less than one hour and still running...

  8. #548
    Hello all, great to see you holding the ribbon going! Many nice posts and charts.

    I hope someone made some fantastic pips on GJ.

    My fibs is the only r/s I've in play right now. And price reversed by 100 pips when hitting 38.2% Targeting 208.47, 50 percent.

  9. #549
    Have this broken lines on eurusd;

  10. #550
    You are back, now I can use your analysis against mine again LOL

    Hmm, I think we're taking a look at precisely the same breakout on EU.

    Dollar is taking centre stage for the moment

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