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Support/Resistance Trading


Guest hftlh

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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/

Edited by ArtOfTrade
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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/

 

are you really sure?

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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 by ArtOfTrade
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