Support/Resistance Trading

[Guest hftlh]

http://i56.tinypic.com/2pzfgra.gif

[⭐ musketeer]

so? :)

what are the levels of S/R?

[chrisbenjy]

Can you please explain rather than posting a single picture of a support line with an arrow point downwards. So I guess you sold on the bar with the arrow because price had broken the support and then retraced back to the support line.

[⭐ musketeer]

or we just waiting to correct and bounce...

or just wait for nothing... that picture .. does not make a sense

 

edit: so, kindly please explain what you've meant here

[ArtOfTrade]

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/

Edited November 27, 2010 by ArtOfTrade

[⭐ musketeer]

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/

 

are you really sure?

[ArtOfTrade]

Hi,

 

If you Know Craig's System, then you can see better in M15

http://img208.imageshack.us/i/gum15112610.gif/

Edited November 27, 2010 by ArtOfTrade

[ArtOfTrade]

are you really sure?

 

Yes. I m really sure. Because hftlh & me form the min. somebody, I did not say everybody, so my statement is true.

 

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.

Edited November 27, 2010 by ArtOfTrade

[Guest hftlh]

Double confluence.

 

http://i56.tinypic.com/vxevev.gif

[indoinves]

hi

did you any EA alongside or just by the horosuntal line