hmm, dont you have your rules for exiting? i can tell you one thing, your risk/reward looks good. it is 1:2, i like that.

The best support and resistance levels

congrats scorpion. could you give us a pic of your chart so we see what you did? i never tried weekly pivots but im willing to learn more

The best support and resistance levels

woh what a huge fall on the eur/usd. did anybody took advantage there? i had 2 winners and 1 loser so far on the g/u and the e/u.

The best support and resistance levels

ah, thanks. i once had in my folder but never got to read it carefully. i´ll a have better read now .

The best support and resistance levels

thanks for the input macdoug and umairs. @umairs do you always put your lines at points of big retracements and just wati until it gets broken?

The best support and resistance levels

any comments about your sl? why is it there? i put mine @ 1.4274.

The best support and resistance levels

actually no. i used to think the same way and unfortunately i did it again today ;-) if you take little winners and accept the losers than you will lose. i traded a system with 50% winners. i was still in profit because my winners were always bigger ...

The best support and resistance levels

could you give us an example of what you look for when you want to make a trade. i try to use 1-2-3 patterns but i think there is so much more to be looking for.

The best support and resistance levels

here is what i did. i sold @ 1.4236 but went out to early but profit. this is still my biggest problem knowing when to exit.

The best support and resistance levels

great post. thanks birdt.

The best support and resistance levels

what would you do? i know, a lot of you dont trade on a 5m chart. that doesnt matter. i´m just curious how you would react when you see something like this.

The best support and resistance levels

hi zam, can you explain some more about your s/r levels and why you would trade at those positions you´ve shown us and why?

The best support and resistance levels

Woh, great posts here. Thanks guys this is really good. Maybe we can gather some more informations on typical situations and how you guys would act. Down below is my way to draw s/r levels for the 4 hour chart. Trading is done on the 5m chart.

The best support and resistance levels

this is a 5 minute chart!!! you see enough s/r levels to trade here. the price went down but why?

The best support and resistance levels

well, you dont really need higher timeframes in my opinion. you can zoom out on a 5 minute chart to see the whole picture.

The best support and resistance levels

ok, forget it, i dont want this thread to be trashed so soon. Ofcourse, i could search in the forum for support/resistance. i already said that i have a decent knowledge of support and resistance. i just want to see how different people would trade ...

The best support and resistance levels

this thread is about support and resistance. please dont trash it with fibo staff. just use the forum search. you´ll find enough about fibos there.

The best support and resistance levels

what would you do?

The best support and resistance levels

hi fry, i have some knowledge about resistance and support. the question i ask myself is, how far to i have go back in time to find strong resistance/support areas. is it better to take s/r from the last two days, or last week or last month? i know ...

The best support and resistance levels