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Thread: The best support and resistance levels

  1. #11
    Quote Originally Posted by ;
    woh what a massive fall on the eur/usd.

    Did anybody took advantage there?

    I had 2 winners and one failure so far on the g/u and the e/u.
    I am in this trade, and have still open EUR/USD (68pips) and EUR/JPY(58pips). I take this trades becouse of the bounce from a weekly pivot on both pairs. But I'm trading on 4H chart. Does anybody know, how much down will this 2 pairs go. Till the Weekly S1 on the 1.2705 (EUR/USD) and till Service line on the 112.174 (EUR/JPY)

    Regards,

  2. #12
    Quote Originally Posted by ;
    I am in this trade, and have open EUR/USD (68pips) and also EUR/JPY(58pips). I take this transactions becouse of the bounce from a battle on the two pairs.

    Regards,
    scorpionFX
    congrats scorpion. Could you give us a pic of your chart so we see exactly what you did?

    I never tried weekly but im willing to learn more

  3. #13
    Quote Originally Posted by ;
    congrats scorpion. Could you give us a pic of your chart so that we see what you did?

    I never tried weekly but im keen to learn more
    Below are the charts..in my view I was maybe a bit late, but I am happy also with this 50-60 pips. Here are 4H charts.

    Any comments of thoose that have more experinces than me...

    Regards,



  4. #14
    80pips on EUR/JPY on EUR/USD and 70..should I exit?

  5. #15
    Quote Originally Posted by ;
    80pips on EUR/USD and 70 on EUR/JPY..should I exit?
    Hmm, dont you have your principles for leaving?

    I can tell you one thing, your own risk/reward appears good. It is I like that, 1:2.

  6. #16
    Quote Originally Posted by ;
    hmm, dont you have your principles for leaving?

    I can tell you one thing, your risk/reward appears good. It is 1:2, I like that.
    Yes I have rules but becouse I'm not experienced trader, once I see that I have 80-90 pips such as now I thinking of exit before price turn towards me But I decided to wait till my departure signs appear.

    I also have one question for other traders, it is save enough to exchange when the rebound appear or is better when there's a break up.

    Regards,

  7. #17
    Fry2010, golden insightmuch clarity here in trading S/R. However, for mepersonally, the important problem is to determine somebody's TF's trend. If I could, How can you judge your fashion?
    Quote Originally Posted by ;
    Sure I figured you knew bout s/r I was only offering what iv picked up.
    Um on your specific chart I wud say wait for break of the underside support region. However, I wud much prefere to use a time period to identify significant s/r areas.
    I wud wait for the break of the and commerce down because it is with the trend, if it reversed I wud wait until it broke the top resistance region and trade that way.
    When there is an area where price transfers a good space from and it is not an area of previous s/r, therefore a new defined region of s/r then I wud...

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