Hi Guy's,
I Have received lot of PM's that how i place selective but very correct Support & Resistance line's. My Method of drawing S/R Lines is very simple. You can do it easily as well. But i am following some rules to draw my S/R Line's. I dont use any indicator to draw them and dont draw line's on all opportunities. Here are the rules which are followed by Me!
Method With Rules!!!
OKy Here we go!
I Use Just two Support & Resistance Line's. But question is how i draw them by hand???
Price Action-----Do You Know This Thing?--------???
lol I just keep an eye on Price action on blank chart means with no indicator to see what kind of candles formation made by this price action.
Oky
V U V-Curve M W
Above mentioned word's are not any code or any passward but its a secret to draw correct S/R Line's.
YES !!!
I Try to figur out these sort of candles formation to draw my S/R Line's. You may find V & V-Curve shape candles formation most of time's. Hope you understand all what i wana convey.For more see my posted screenshot's one by one. You will find candle's formation excatly matched with these word's & i also have placed my S/R line's on it.
TimeFrames!!!
4-Hour timeframe is best for Jpy related pair's. But I Also love to trade on daily Tf & daily Tf is the most suitable Tf to place line's for non volatile pair's but if i find any great opportunity then i also trade on 4-Hour's timeframe. Well this is my journal. Though i am posting my live trade's with pending order's here but it didnt means at all that i am posting signal's. (SO TRADE AT YOUR OWN RISK) I am just keeping track record of my trade's with an aim also that maybe some one can gain from this. That's why i have posted here my method with more detail. Hope this ALL may help!
Pip!!!
I Have received lot of PM's that how i place selective but very correct Support & Resistance line's. My Method of drawing S/R Lines is very simple. You can do it easily as well. But i am following some rules to draw my S/R Line's. I dont use any indicator to draw them and dont draw line's on all opportunities. Here are the rules which are followed by Me!
Method With Rules!!!
OKy Here we go!
I Use Just two Support & Resistance Line's. But question is how i draw them by hand???
Price Action-----Do You Know This Thing?--------???
lol I just keep an eye on Price action on blank chart means with no indicator to see what kind of candles formation made by this price action.
Oky
V U V-Curve M W
Above mentioned word's are not any code or any passward but its a secret to draw correct S/R Line's.
YES !!!
I Try to figur out these sort of candles formation to draw my S/R Line's. You may find V & V-Curve shape candles formation most of time's. Hope you understand all what i wana convey.For more see my posted screenshot's one by one. You will find candle's formation excatly matched with these word's & i also have placed my S/R line's on it.
TimeFrames!!!
4-Hour timeframe is best for Jpy related pair's. But I Also love to trade on daily Tf & daily Tf is the most suitable Tf to place line's for non volatile pair's but if i find any great opportunity then i also trade on 4-Hour's timeframe. Well this is my journal. Though i am posting my live trade's with pending order's here but it didnt means at all that i am posting signal's. (SO TRADE AT YOUR OWN RISK) I am just keeping track record of my trade's with an aim also that maybe some one can gain from this. That's why i have posted here my method with more detail. Hope this ALL may help!
Pip!!!