Thread: Drawing correct resistance and support-lines

Originally Posted by ;

Hi guys,

Has not the last couple of weeks been eventful?
Surely the opportunities presented lately is over market norm.
As we close in the finale lap of the 1st quarter of 2008....

The Swissy



Euros



Japanese

Absolutely, from a fundamental facet I do not think the drama would decrease. What's going to happen with the dollar? Recession in x #? Banking trouble ? Remember dept that is common is in this days. Even folks that are young. Ask your parents/grand parents just how hard it was getting big loan 20-50 years ago compared now.

I think we have seen lots of signs where this will go.

Originally Posted by ;

no comments for this chart.

Chart speaks a thousand words. Read some other threads that people was looking to buy this pair...:amazed

Ah well suspect someone have to lose so we can earn money!

I do not expect to place any trades this morninng. I likely will wait to find out what tomorrow provides.

I placed a buy order for the EUR/USD at 1.48408 that was triggered at the price. I placed a TP order at 1.48906 and that I chose to move my SL upward as the price went upward. My SL was struck at 1.48623 for a 21.5 PIP profit.

As I mentioned earlier, I have a goal $ profit goal for every single week, and now that I exchange with that in mind. I have surpassed my goal.

My EJ Analysis which is currently on the Trendline.Support become Resistance,Resistance become Support. If it break the TL,more Bearish is expected....

AS Cobra Team

Far too long I have promised a video showing how to analyse the market trend. I have posted it in my website and that I truly think applying those filters to your trading may make a great difference.

Here is the connection http://symfx.blogspot.com/2011/06/tr...ket-video.html

I brought 2 lines as service resistance to the price action of eurusd.
Once the price broke through the triangle I instantly shorted it.

Just to contribute to a thread and show people how it has to be carried out. After 1:2 my sl is at be, so its a completely free ride from today;--RRB-

Originally Posted by ;

Just to donate to your thread and show people how it has to be carried out. After 1:2 my sl is at be, therefore its a free ride from today;--RRB-

Got to love it

Silver leash breakout;