Quote:
Originally Posted by keitsuke
This is a good thread, the trading methods PipHacker uses are similar to mine, although I'm much more of a newbie and still learning and perfecting my trading techiniques.
Good to see PipHacker explaining some of his trades more and more.
Thanks PipHacker.
I'll be following this thread closely!
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Hey Thank's & Nice to know that you like this thread...
Now see this is How PipHacker draw his S/R Line's... Maybe this PipHacker's Method of drawing S/R Lines may help's you more... on higher timeframes like 4-Hour...
PipHacker!!!
Support Line's Defination according to PipHacker!!!
The candle with a wick which makes it low & than retraces back for a good bullish move including 2/3 more candles for more than +100 Pip's ... Than draw a support line of that candles wick coz Market touched it makes it's low and retraces back into bullish mood...& if market comes back & manage to break it than hope so manage to drops more than +50 Pip as depends on how strong that line was and how accurate u pplz manage to draw it...
& Vice Versa For Resistance Line....For more see screenshot
PipHacker!!!