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- aiyahmarklah replied Mar 6, 2008
image Hi guys, Hope eveybody made some pips today. I only managed one trade early today as I need to attend to some matters. Above is the chart mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
aediaz1, I suppose u took profit already ? mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
aediaz1, thank you for bringing the GJ pair to my attention, made some extra pips.... mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
yes....i suspect it will happen in later half of NY session. mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
aediaz1, GY retest of asia high ? looking more yummy... hope everybody made some pips just now. Cheers mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
LOL, I trade intraday lah. Awake during london and NY session. My trades typically last 15m to 4 hrs. ( I trade fool-time ) mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
Yuna, my versions below hehe image image
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
image I am not sure if we are thinking along the same lines aediaz1. For disccusion sake. I will wait for NY open. Considering the string of data release later, LOL I will leave GJ alone , but thats just me
mARKDrawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
Hi aediaz1, the direction over the past 2 days is unclear too, however my take is... Should GJ clears 205.50 upwards thus breaking asia high it could open a way to 50 pips or so. By NY open if it is not breached its likely to become the high of ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
LOL of coz I do, Personally I have been switching between candle charts and closed price line chart while trading. I do have certain guidelines though, firstly it depends on from which angle you view the price action ? Eg., if you consider the ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
aediaz1, Regarding the charts in post #317, thats when I use closed prices. What do you think ? Workable ? I took the later trade, only managed to grab a few pips coz it fell back too fast. Regards mARK
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 5, 2008
Hello Yuna, Glad to be able to contribute here, notice you Singaporean too ? Just saw your post, I guess you trade from office ? Considering the timing... Regarding average daily range, remember there is no fixed points, only estimations, if you ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 4, 2008
image Refer to above chart, -during asian session it managed a high and low of about 100 pips. -the ave daily range of EJ is 150 pips. -so the breakout from the low of london session may at least retrace to asia high. -and breaking above asia high ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 4, 2008
image The average daily range is just another concept in technical analysis, it has been discussed in some threads here as well. It is probably under utilized . I find it complimentary to line drawing. Not wanting to go off topic, see how this ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 4, 2008
Thx aediaz1, So you can see on EUR/JPY hourly chart, it only managed about 90 pips during the asia session, so when it broke out of the triangle on the downside, we can easily conclude that this break is favorable as it may seek to establish its ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 4, 2008
Hi aediaz1, How do i attach a chart ?
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 4, 2008
Hi, I am not sure if this is relevant, however I place a lot of emphasis on average trading ranges, daily or weekly. Breakouts of patterns like trendlines, wedges or triangles are more meaningful at certain levels. eg, on an intraday timeframe and ...
Drawing correct resistance and support-lines
- aiyahmarklah replied Mar 3, 2008
Thanks I totally agree with you practice is crucial, in my case both works for me, usually i follow one general guideline that is it has to be obvious and logical, if I find myself trying to ''justify'' those lines drawn then I will not take it. ...
Drawing correct resistance and support-lines