Well said. It's really that easy. For me, I try apply those "rules" as stated in the beginning of this thread, but I don't hesitate drawing lines if they seems quite obvious. When you have those lines, you will/have been amazed how accurate they can ...

Drawing correct resistance and support-lines

Thank you for your kind words dagoods ! Hope to see more from you in here

Drawing correct resistance and support-lines

Take a look at usdjpy; Possible retrace on both gbpjpy and usdjpy.

Drawing correct resistance and support-lines

Gbpjpy; Charts tells me to be careful shorting this pair right now. Could be a breakout @ 1h. Take a look at 1h and daily chart.

Drawing correct resistance and support-lines

People have different drawing-ways, for me, I like to include shadows too, mostly because it includes more of the swings in the market. If you are unsure, try and see if lines drawn from shadows/no shadow can fit with round numbers too. Practice ...

Drawing correct resistance and support-lines

Pleased to hear, and would be glad if you shared some of your experience with us in here

Drawing correct resistance and support-lines

If someone remember usdcad daily chart posted last week, here's the update. Could we see usdcad going higher ? If todays dailybar closes green I'm pretty sure we will.

Drawing correct resistance and support-lines

Gbpjpy; still in a strong downtrend.

Drawing correct resistance and support-lines

Strong jpy news affecting all yen-pairs. 140 pips in 2 hours on GJ @ this hour..

Drawing correct resistance and support-lines

Hi Mark, you where right about the downside today. I managed to close my position with -10 pips, not too bad compared to how wrong I was about the 210 target, price bounced 60 pips at 210.12 not 210 and I expected more to be honest. I have 2 charts, ...

Drawing correct resistance and support-lines

Same with me Dcb, I started with 5-6 indicators . Now, mostly same methods as mentioned. Guess I'm not equipped with the right brain understanding indicators !

Drawing correct resistance and support-lines

Take a look at aususd. And the usdcad. This could be interesting !

Drawing correct resistance and support-lines

Seems like your charts come into play.

Drawing correct resistance and support-lines

Sorry late answer haven't been around until now. Always ppreciate other views ! But I still think this area should give a retrace, according to my charts, but of course I could be all wrong. Had a small limit buy @ 210, which is still in play. Let's ...

Drawing correct resistance and support-lines

Looking for a buy @ 210. Not sure if price would go so far down, but if it does... count me in. If someone remember, 210 got tested many times without break so I see this as a good place for a reversal. Price struggling with 211 as we ...

Drawing correct resistance and support-lines

Nice trade ! Easy pips indeed. I have 2 charts that might show some interest. Both usdcad and gbpjpy runs into a strong support and resistance, take a look. Lets see if we can get a reaction when price hits those lines.

Drawing correct resistance and support-lines

GJ: Price have entered outside resistance on 4h, but I'm not calling this a break until line is tested again and turned into support. Also note that this new 4h bar just got printed. 1 possible scenario (I would like to see) is price falling down to ...

Drawing correct resistance and support-lines

Have pretty much the same line on my 1h chart. Price have entered outside resistance on 4h, but I'm not calling this a break until line is tested again and turned into support. Also note that this new 4h bar just got printed. 1 possible scenario (I ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Also look at this interesting setup forming on eurusd. If this support-line on 1h is broken, we could have a nice drop in this pair, IMO.

Drawing correct resistance and support-lines

A break from 1h TL's would tell us what way cable decides to move. Price trapped between .9700 and .9615. Trend is still up.

Drawing correct resistance and support-lines