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HELP: Forex support and Resistance lines???
This is a discussion on HELP: Forex support and Resistance lines??? within the Forex Discussion forums, part of the Forex Markets category; I would like to know where / how other Forex traders place support lines and resistance lines for day trading. ...
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Jan 14, 2009, 12:50pm
| #1 |
| Rookie Join Date: Sep 2008 Posts: 7
| HELP: Forex support and Resistance lines???
I would like to know where / how other Forex traders place support lines and resistance lines for day trading. I was previously a Bund trader and would esp use OHLC lines, but with Forex being a 24hr market i am finding it hard to place OHLC lines on my charts. Thanks for reading this and for any help you can provide James |
 
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Jan 14, 2009, 1:04pm
| #2 |
| Banned Join Date: Apr 2008 Posts: 1,791
 | Re: HELP: Forex support and Resistance lines??? |
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Jan 14, 2009, 3:04pm
| #3 |
| Junior Member Join Date: Apr 2007 Posts: 40
| Support/Resistance
You can try using fractals on the higher timeframes to mark Sup/Res levels. i use the 4hr and 1hr fractals from the previous day to mark Sup/Res areas on my chart. It's pretty simple. |
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Jan 19, 2009, 5:09am
| #4 |
| Senior Member  Join Date: Aug 2008 Posts: 152
| Re: HELP: Forex support and Resistance lines???
I see support(supply) and resistance(demand)as areas of supply and demand.It is same at all free markets from time of Adam Smith.To make long story short google "Sam Seiden".I have learned this concept from Mr.Seiden and there is lots of materials which he have made about the subject. You can find some of his great webinars @ FxStreet webinar archive.Also @ Online academy you can find his articles after you join their mailing list or something like that.If you would like to check this all out but can not find this materials i could post attachments here on forum. Cheers! VTK
__________________ "I am not smarter than others i just stick whit problem longer than other people do."-Albert Einstein |
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