Drawing correct resistance and support-lines - Page 18
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Thread: Drawing correct resistance and support-lines

  1. #171
    Quote Originally Posted by ;
    You're talking of my own heart.

    Additionally I have to add that I can see you're pretty advanced in drawing why would you try anything else? We should concentrate on what we're doing right now, I believe the 6,557 perspectives of the topic in a couple of days suggest that a lot of indior traders keep an eye on the cave paintings I strongly believe mastering price action techniques is the most best method available at the moment and everything other comes after... lagging...

    Tomorrow is a new day, more pips, more cash, more fun! Have a good night ya'll!
    Yeah, thats alot of visitors. Everyone that is not certain find it beneficial and eduional yet, but I expect some few gets.

    Always appreciate your encouraging words. I will never go away from this type of analyzes, but I've got this habit of always wanting to enhance any system regardless of what. The side-affect of the could be losing attention of currently system. However, I believe I have overcome this negative effect. Hehe I forgot to begin the next line with Dear Diary

    See you @ london begin, as always, Gn!

  2. #172
    luckily, I couldn't sleep, so when checking gbp/jpy it had broken resistance. Aiming for high around 75-90 area.

  3. #173
    Hi ,

    Here's a flag forming H1 USDJPY. Risk of falling in case it can not firmly above 107.50.


  4. #174
    I pretty much disagree with how that you draw your trendlines, I find them to be pretty arbitrary, but then again, I wrote a book about it I'm a critic of everybody (including myself).

    I am curious how you draw yours however, because I see lines drawn arbitrarily but then again, I am nearsighted and blind as a bat so that I might not be viewing the rationale behind your own lines. .

    So I am curious why you select certain points to use and not others, and that means you don't decide on the shirts of some lines. .

  5. #175
    Hi twoblink,

    I'm always interested in evaluating and enhancing my practices. Could you point out these issues which you would like to modify and be more specific. Please use charts. Thanks,

    R

    Quote Originally Posted by ;
    I disagree with the way you draw your trendlines, I find them to be pretty random, but then again, I wrote a novel about it I'm a critic of everybody (including myself).

    I'm curious how you draw yours however, because I see lines but again, I'm nearsighted and blind as a bat so I may not be viewing the rationale behind your own lines. .

    So I'm curious why you pick certain points to use and not other people, and why you don't decide on the shirts of some lines. .

  6. #176
    It did not quite played out like we planned because she decided to retrace back into 61 fib level. I got in at 50 fib, missed that 61 fib, started an other long just a little bit later. However, a trade that was good turned out .

    Closed those longs some time ago, now searching for new long entrance. I am hoping she would see that red tl again...

    Quote Originally Posted by ;
    Just came back, and I can now see where I went wrong with my fib drawing
    I will wiat for tomorrow and see if we could stand in more pip.
    Also thank for the tl alerts.
    cheers

  7. #177
    Quote Originally Posted by ;
    I disagree with the way that you draw your trendlines, I find them to be fairly arbitrary, but then again, I wrote a book about it I'm a believer of everybody (including myself).

    I'm curious how you draw yours though, because I see lines but again, I'm nearsighted and blind as a bat so I might not be seeing the rationale behind your lines. .

    So I'm curious why you select certain points to use and not others, and why you don't pick the tops of some lines. .
    Hey twoblink I suppose you're speaking to me, right? Yes I am not severe though I understand a few have ideas on the best way to draw them, about the way to draw trendlines according to rules.

    But in my own mind the price will move anywhere, either break clearly, touch base or cross a bit, cross considerably but retrace fast on different people's trendlines. That is why I don't take it too severe if the trendlines I draw don't deviate too far from the trends. There is absolutely no shape of flags or some other patterns, provided that they seem like that pattern.

    Trendlines are just one of many indicators that I would consider in my own trade. I would look for S/R levels, live price actions, patternsand volatility etc.. Afterall price will move up and down, break or retrace with no trace after you input. These things are stuffs to assist my trade activities.

    Regards

  8. #178
    I'd love to comment too

    Trendlines possess a particular definition or specifiion, also if drawn and translated properly, according to the spec, they're imo the most exact and fastest indior for trading. And trading is simple in contrast to a scenario in which you attempt to interprete several indiors. Learning from errors analysing trades and improving your trading program is a lot easier if you only have a few variables to take into account.

    This is just my experience.

    On the other hand, if tls are attracted in an ad-hoc manner, I would not call them trendlines in any way, instead sketchlines or whatever, but maybe not trendlines. Then they serve a function that is different than tls.

    R

    Quote Originally Posted by ;
    Hey twoblink I suppose you're speaking to me, right? Yes I am not about the way to draw trendlines according to specific rules, though I understand a few have thoughts on the best way best to draw them serious.

    But in my own mind the price will move anywhere, either break certainly, touch on or cross a bit, cross considerably but retrace fast on various people's trendlines. That's why I don't take it too serious only if the trendlines I draw don't deviate too far from the tendencies. Likewise, there is no rigid shape of flags or any other patterns, provided that they look like that pattern.

    Trendlines are only one of many indicators that I'd believe in my own trade. I'd search for S/R levels, dwell price actions, patternsand volatility etc.. Afterall price will move up and down, break or retrace with no trace after you input. All these items are stuffs to assist my trade actions.

    Regards
    pipal

  9. #179
    Quote Originally Posted by ;
    I'd like to comment too

    Trendlines have a particular definition or specifiion, and when drawn and interpreted properly, according to the spec, they are imo the most precise and quickest indior for trading. And trading is easy in contrast to a scenario in which you try to interprete several indiors. Analysing transactions, learning from mistakes and enhancing your trading program is much simpler if you have a few variables to take into account.

    This is only my experience.

    On the other hand, if tls are attracted in an ad-hoc manner, I wouldn't call them trendlines in any way, instead sketchlines or anything, but not trendlines. Then they clearly serve a different purpose than tls.

    R
    Hi Rocroy,

    I see your things. You don't mind my taking it not so severe. It is only my mind attempting to exchange with doubts (what I learn far). Like you guys in this thread, I don't use any lagging indiors, but trading naked with helps of price actions, including S/R levels, patterns, trendlines etc..

    Nice to share with you guys.

    Regards,

  10. #180
    Man, thats the price for taking a transaction once walking around in half-sleep. Resistance have to be tested before we could turn into support.

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