[Piphacker]

Originally Posted by Piphacker

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!!!

I was short on Usd/Jpy Since from 103.20 & when i have posted it's screenshot also NOW SEE THIS SCREENShot as i was keeping an eye on U/J Since from morning & i have also post it's screenshot of daily chart in which lowerline of trendline break & also An important support line was breaked in a 4-Hour chart so i enter for short and closed at the end for +30 Pip's... It was a nice trade... Hope so PipHacker's detail with screenshots will be helpfull to PipHacker's thread viewer's...For more visit my post No# 368 With screenshot...
PipHacker!!!