Thread: Drawing correct resistance and support-lines

Usd/chf. Had a bounce of this service.

Possible situation, but anything could happen today.

I find that resistant and Support line is indeed important but essential. Not Connection 2 lines.

If you would like to trade counter tendency, service line is very important.
A break against service will usually yield a lengthy bar. It's a affirmation. Ever wonder why sometimes your triangle split did not turn out as you desired. Is there a string break out?

A service lines must be drawn with hefty whipsawing. . It will reveal it is trying to split it.

It also allow you to draw your target. I learnt this on Naked trading.com donkeys years ago. kudos to them.

Originally Posted by ;

I discover that Support and resistant line is indeed important but essential. Not just Connection 2 lines.

If you would like to trade counter trend, service line is very important.
A break against service will normally yield a lengthy bar. It's a good affirmation THis is quite important. Ever wonder why your triangle split didn't turn out as you wanted. Can there be a series break out?

A service lines must be drawn with hefty whipsawing. . Then it will reveal it is trying to split it.

It also enable you to draw your goal. I learnt that on Naked trading.com donkeys years back. kudos to them.

The reason you get large bars around this areas, is because you've got alot of orders pending both the ways. You know that you had a line.

Not automatically whipsawing, but instead a good candle-stick pattern (two red bars, a hammer then to green bars) will create a good point for S/R drawing.

Look at usd/chf. Faced selloff.

It is also important to explore the patterns before they're broken since you get a lot of good trading points and overall opinion from them.
Attached is a M5 GBP/JPY chart. A lot of also the channel/wedge, fib-pivots along with pivots itself.
Have fun.

I have seen people draw trend-lines from about everywhere on a chart from various threads @ FF.

In this thread you can see my development during these years with specialized tests. Latests drawings are based on Igroks Method, the only worthy study/teaching on complex technical tests, IMO. https://forexintuitive.com/discussio...1-usd-jpy.html