Drawing correct resistance and support-lines - Page 49
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Thread: Drawing correct resistance and support-lines

  1. #481
    I use BBANDS and RSI default settings. I wait breakout of Bbands and crossing 50 by RSI.
    Right now I'm 50 pips on GBPJPY brief I published below. I entered from 1H charts seems late but still attained. And put now.
    P.S
    For bollinger bands usually centre line behave as great support or resistance especially on high timeframes. The same was now on GJ on 1H chart it had been striking on line and couldn't hit on it. And ALSO there was up trendline.
    Quote Originally Posted by ;
    Hi, the very first article in this thread delivers the method to draw a correct line. Test it out.

    My private exprerience with using lower indiors like Stochs almost always ensures I enter late or depart early. They have their uses. .

  2. #482
    Run through this thread slowly stace, have a look at what appropriate resistance and support-lines can provide. This thread is a gem.

    Mainly Have a Look at the numerous chart illustrations

    mARK

  3. #483
    that what I am going to do.
    I wish that my post will read many new people who came this market and not make such stupid and big fault I did
    Quote Originally Posted by ;
    Run through this thread slowly, take a look at what Drawing correct resistance and support-lines could offer. This ribbon is still a gem.

    Mainly take a look at the numerous chart examples

    mARK

  4. #484
    Quote Originally Posted by ;
    Since Tom Demark indior reveals on 1H interval there were brake of down line. However, what you will say about 4H chart? Have a look there's candle analyzing down trend line. What you boys will say about it?
    Ya Just saw Your post...
    1st Item is that I dont Use De-Mark Indior... I draw trendlines by my hand's... See GJ..4-Hour chart clean breakdown for 57-Pip's down move. . .Well I also try to enter in a transactions if I found any entry opportunity in 30-Minutes chart...
    Afterward I keep your eye on fad through 4-Hour and Daily charts and picked my profit tragets based on them...
    If I found opportunity to enter in a 30-Minutes chart I then see 1st at 4-Hour daily chart before my entry that tendency is in my favor or not. . .If it is than...
    30-Pips'. . If not than 10-Pip's...
    Being a day trader im trading through a few rules and im strick to my rules,,. . .See Screenshot ...

  5. #485
    I'm intrested in this situation right now.
    For example how you are going to discover entrance on 30m chart?
    And the main thing I'm intrested how you decide profit taking points on 4H or Daily TF?
    Indior drew trendlines just as you did. I've got the identical picture.
    Quote Originally Posted by ;
    Ya Just saw Your article...
    1st Item is that I dont Use De-Mark Indior... I draw trendlines by my hand... Watch GJ..4-Hour chart clean breakdown for 57-Pip's down movement. . .Well I also attempt to input a transactions if I found some entrance opportunity in 30-Minutes chart...
    Then I keep your eye on fad through 4-Hour and Daily charts and chose my profit tragets based on them...
    If I found opportunity to input a 30-Minutes chart then I visit 1st at 4-Hour daily chart ahead of my entrance that tendency is in my favor or not. . .If it is than...
    30-Pips'. . If not than 10-Pip's...
    Being a day trader im trading through some principles and im strick to my principles,,. . .See Screenshot ...

  6. #486
    demark indior look like that to me.... On 4 hour it functions pretty good usually. . .but nothing in FX is guranteed of course


    for your account.... Would love critique of this trendline


    thanks guys

  7. #487
    Quote Originally Posted by ;
    Damm Missed this One...
    Hello
    just thought I might help you post charts without all that other things.

    Right click on your mouse across the chart and choose'save as picture', I normally use 1000x800 busy, save into a location of your choice ie desktopcomputer, and then upload it to FF from the standard way (you can also open the image in paint to write all over it, fi you feel the need)

    hope this helps, if nothing else you need to delete your account number in the top righthand corner if posting - particularly on a live account.

    Best of pips

  8. #488
    Quote Originally Posted by ;
    demark indior look like this to me.... On 4 hour it functions pretty good. . .but nothing in forex is guranteed of course


    to your consideration.... Would love critique of this trendline


    courtesy men
    personnally I was told that a TL should touch in 3 locations, like this.



    however, it's also about what may happen, which means that your TL may have found support and a 3rd candle generates the signature. I try to find the 3 candles as this tends to give itself to support or resistance.

    Now if we look at the 2 cheapest candles and then draw a line with these 2 we will find that price is only a few pips out of this and it may act as support.

  9. #489
    Quote Originally Posted by ;
    I am intrested in this situation right now about GJ.
    For instance how you are going to find entrance on 30m chart?
    And the chief thing I am intrested how you decide profit taking points on 4H or Daily TF?
    Indior attracted trendlines exactly as you did. I have the identical picture.
    Experience My Friend....
    Other issue is hard practice On demonstration...
    I Know Y Many of pplz blow out there account coz they're excited to make money and test all the new igies with very less or almost no training on demonstration and just keep dropping and forex market just keep winning. . .Dammm...
    But thing is that it's not the right way... I Believe on
    PP ================ Practice Perfect...
    You will find lot of opportunities in day but That dose not mean to enter in all...
    Im trading through some principles and im very strick for my principles... If Im sure about my success than I dont aim over 30-Pip's even Mkt can gives me more... Coz it is not a simple match...
    Now observe the equally screenshot's. . .of GU 3O-Minutes and 4-Hours...
    Watch I discovered a ideal entry opportunity in 30-Minutes down fracture for brief trade and also see than 4-Hour chart the tendency was in my favour to go brief...
    Well as I said I might find lot of opportunities in a day... But I believe this a stupidity to close my attention and fallow every sign... My today's goal was successfully achieved thts why I was little relaxed and celebrating the market...


  10. #490
    Quote Originally Posted by ;
    Hi
    just thought I might help you post charts without all that other stuff.

    Right click on your mouse over the chart and select'save as image', I normally use 1000x800 active, save to a location of your choice ie desktop, and then upload it to FF from the standard way (you may also open the image in paint to write around it, fi you feel the need)

    hope this helps, if nothing else you need to delete your account number in the top righthand corner when posting - particularly on a live account.

    Finest of pips
    I prefer to maintain the record's of this screenshots of all my transactions winning/losing In My Trading folder. As I discovered lot of intresting things in my free time through them..so I love to rescue them through Paint option as I have to indie and compose lot of things in my chart's screenshot's throuh paint alternatives... As Mt4 is not providing some pointor's and alternatives which I would like and like paint. . .that's why when I save them through paint then I post the same here too...
    But thank you for your favour...

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