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- aiyahmarklah replied Mar 10, 2008
Hi, the very first post in this thread offers the method to draw a proper line. Check it out. My personal exprerience with using lower indicators like Stochs almost always ensures that I enter late or exit early. They have their uses though..
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Hi, I am sure you can pick up many pointers here in this thread. For a start, a chart is a map, keep it clean...your chart is one map that I will get lost with. Simple trendlines will work just fine IMO. Practice is the single most crucial factor to ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Update GJ A little action on this pair , was helped by breaking the asia low as well...overall a boring day for me
image Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Monday dont want to eat prawn nia leh...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Thanks Umairs2004, will check it out. Regards , mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Thanks aediaz1, noticed most people trade slightly longer timeframe than me, whats your holding period like ? Regards mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
An update on GJ intraday, After being rejected by the asian session high.... image
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
the market has spoken....I exited too early....the asia open is the proper exit area.
image Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
If this pair starts trading back into the triangle, I will be disgusted with myself as I square off my positions prematurely, mainly its because I was thinking a correction is likely. On an intraday basis I think any movement on either side of the ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
I wish I saw that on the GJ... On behalf of aediaz1, welcome !!! That includes those generous members of FF taking interest in this thread. Just locked in some pips on EU, hope it will break 7th March low. mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Me too
I do intraday, thats the level I am seeing, low risk entry I think image Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
yuna A break of asian session high might be occurring on GJ... image
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Quoting from the book The Education of a Speculator written by Victor Niederhoffer - "I cannot refrain from noting here that there are so many Fibonacci retracement levels...that the chances are 50/50 that some high or some low will retrospectively ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 10, 2008
Well that is one of the symbols in the mahjong game. It basically means "growth", which in mahjong context growth of wealth. It is a traditional chinese character. mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 9, 2008
My apologies it meant nothing, needed try the signature thing at the end of every posting.
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 9, 2008
Hi fellow traders, its been sometime since I last posted. Overall I am seeing more weakening of the US dollar, favoring CHF YUAN YEN at the moment from a longer term perspective. Probably more US FED rate cuts to come too. Oil prices dont seem to be ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 7, 2008
Ok lah, got stopped out a bit early due to trailing stop, but then again I was away from the screen.... mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 7, 2008
Thanks, will check it out. mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 6, 2008
aediaz1, Do you differentiate on the bullish/bearish type of triangles, wedges etc ? Personally I don't. Thanks mARK
Drawing correct resistance and support-lines