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Support/Resistance Trading
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To somebody, this is a picture worth thousand word. That is a the asia region breakout and retrace back and resisted by the breakout lower line and this H1 S&R. If you had bollinger band, you will see band flatten and squeeze.
If you can not see clearer, go down to M15 with a lot more details.
http://img263.imageshack.us/i/guh1112610.gif/Last edited by ArtOfTrade; 27-11-10, 02:31.
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Originally posted by ArtOfTrade View PostTo somebody, this is a picture worth thousand word. That is a the asia region breakout and retrace back and resisted by the breakout lower line and this H1 S&R. If you had bollinger band, you will see band flatten and squeeze.
If you can not see clearer, go down to M15 with a lot more details.
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Hi,
If you Know Craig's System, then you can see better in M15
http://img208.imageshack.us/i/gum15112610.gif/Last edited by ArtOfTrade; 27-11-10, 02:42.
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Originally posted by musketeer View Postare you really sure?
There are people trained their eyes to spot support & resistance.
If you take a look on hftlh's chart and study, Nov.24 it form the line, then Nov 25th it SUPPORTED and bounce up, then on Nov 26th, it RESISTED and bounce down.
hftlh had put it in a simple line, but with this info, someone will know what to look for.
however, FYI Support & Resistance is a zone.Last edited by ArtOfTrade; 27-11-10, 03:11.
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