Support and Resistance for DayTrading
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Thread: Support and Resistance for DayTrading

  1. #1
    I'm going to post the supres amounts that I've for your EURUSD for tomorrow. The trick to this support and resistance levels is the rate at which the market tactics them and how it responds around them.
    S1: 1.5532
    S2: 1.5495
    S3: 1.5435
    S4: 1.5376

    R1: 1.5654
    R2: 1.5690
    R3: 1.5713
    R4: 1.5750.

    I'll try to post a chart so that you can see the method that I use to exchange this lines. The way I get these lines is another matter.

  2. #2
    Eur/usd Supres Levels For 6/8 -6/9

    R4 1.5935
    R3 1.5898
    R2 1.5875
    R1 1.5838
    1r 1.5813

    1s 1.5738
    S1 1.5712
    S2 1.5675
    S3 1.5615
    S4 1.5555

    1r 1s Are The Nearest Level Of Resistance Support Respectively, However, I Considered Them Weak, But Sometimes Price
    Stalls Around This Areas.

    Sorry Opie, No Pivot Points Just Suppresist. All That's To Come Across Loions Where Price Might P/b Or Bounce From.
    Love

  3. #3
    Well it appears that R1 held fairly great even though it was not supposed to. A more conservative entry would have been around a p/b to that level at around 5:40 ET and the p/b was more than 200 pips.
    S2 held and gave a bounce but probably that the rebound was likely to be short lived. S3 held but the bounce was just to S2 which now was serving as resistance. On the P/B to S3 again the MACDs were showing divergence and also provided a bounce of around 30 pips (nothing to write home about).

    SR Levels for tonight and tomorrow:

    R4 1.5802
    R3 1.5765
    R2 1.5742
    R1 1.5705
    1R 1.5680

    1S 1.5606
    S1 1.5579
    S2 1.5542
    S3 1.5482
    S4 1.5422

    As of the writing price is hugging S1 and while is forecast to hold (already bounce out of it at about 9PM ET the bounce was weak.

    Love

  4. #4
    R4: 1.5622
    R3: 1.5585
    R2: 1.5563
    R1: 1.5526
    1R: 1.5501

    1S: 1.5428
    S1: 1.5403
    S2: 1.5366
    S3: 1.5307
    S4: 1.5248

    Enjoy.

  5. #5
    Are you really going to spell out the technique of which you may trade with these S/R levels?

  6. #6
    R5: 1.5705
    R4: 1.5668
    R3: 1.5645
    R2: 1.5609
    R1: 1.5586

    S1: 1.5508
    S2: 1.5485
    S3: 1.5448
    S4: 1.5426
    S5: 1.5389

    What I use to called 1R and 1S happen to be labeled now R1 and S1 respectively.
    THE LEGACE, I will try in my next post to spell out how I trade this SR levels.
    Enjoy

  7. #7
    Hello TheLegace. Tried to attach a chart but the dimmensions are too big. Says I want 1500x1500 and mine is like 3000x2000. I saved the chart (from tradestation) as a jpg since it is more compressed but nevertheless gives that problem.
    Any proposal?

  8. #8
    If your using metatrader rescuing screenshots should be a peace of cake, then usually they save images at the right size, but if images are too large attempt saving it in image shack and embedding it or something.

  9. #9
    R6: 1.5592
    R5: 1.5537
    R4: 1.5497
    R3: 1.5475
    R2: 1.5438
    R1: 1.5416

    S1: 1.5337
    S2: 1.5315
    S3: 1.5279
    S4: 1.5256
    S5: 1.5220
    S6: 1.5161

    Legace, I'll Attempt To Compress It Somehow. I Utilize Tradestation.

  10. #10
    Hello, rck. Your S/R figures will be easier to read if you submitted them like this:

    R4: 1.5750
    R3: 1.5713
    R2: 1.5690
    R1: 1.5654

    PP: 1.5593(?)

    S1: 1.5532
    S2: 1.5495
    S3: 1.5435
    S4: 1.5376

    and include a pivot price. Only a proposal, FWIW.

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