How to use Support and Resistance Effectively - Page 51

FXBabe · #**501** (**permalink**) 12-27-2007, 03:53 PM

its also a support line on h4

FXBabe · #**502** (**permalink**) 12-27-2007, 03:58 PM

its also a support line on daily, but previoisly this was broken. this area was in range previously.

FXBabe · #**503** (**permalink**) 12-27-2007, 04:01 PM

gone long with sl and tp as shown by yellow lines. sl just below the turning point and tp is the previous peak.

FXBabe · #**504** (**permalink**) 12-27-2007, 04:04 PM

see attached

FXBabe · #**505** (**permalink**) 12-27-2007, 04:07 PM

going ice skating. cya.
somerset house, london

FXBabe · #**506** (**permalink**) 12-27-2007, 04:31 PM

sl hit. maybe it was too tight. where did bubbles say to place stoploss? i entered again with sl 113.70, current price 114.02

jerrydeng · #**507** (**permalink**) 12-27-2007, 05:20 PM

Quote:

Originally Posted by FXBabe

sl hit. maybe it was too tight. where did bubbles say to place stoploss? i entered again with sl 113.70, current price 114.02

you've got a wrong entry.

Boiseboy · #**508** (**permalink**) 12-27-2007, 05:28 PM

FxBabe:

I think you're on the right track, but today's a bit weird: At the moment the stock market is falling, possibly because of the assassination in Pakastan, and the whole market is relatively thin (so more volatility). Plus, there's probably a lot of end-of-year selling happening - so support and resistance may be a little dicey today.

I entered, myself, at 114.00 earlier this morning, but closed out at breakeven a hour or so later.

Keep it up, though, I think your evaluations are essentially spot on. And, it's nice you're keeping this thread alive.

Ed

FXBabe · #**509** (**permalink**) 12-27-2007, 11:45 PM

Quote:

Originally Posted by jerrydeng

you've got a wrong entry.

where did I go wrong please?
sl got hit. where does bubble put his sl?

thanks.

FXBabe · #**510** (**permalink**) 12-27-2007, 11:46 PM

i really like this method. i hope i can master it. look forward to others posting their analysis too. thanks.

Quote:

Originally Posted by Boiseboy

FxBabe:

I think you're on the right track, but today's a bit weird: At the moment the stock market is falling, possibly because of the assassination in Pakastan, and the whole market is relatively thin (so more volatility). Plus, there's probably a lot of end-of-year selling happening - so support and resistance may be a little dicey today.

I entered, myself, at 114.00 earlier this morning, but closed out at breakeven a hour or so later.

Keep it up, though, I think your evaluations are essentially spot on. And, it's nice you're keeping this thread alive.

Ed