Dropping down a timeframe and we are still finding support

The right Trendline and S/R line

cable dropped a lot yesterday to within 50 pips of an 18 month channel and as such didnt leave a lot of room for more of a fall before finding support

Cable Update (GBPUSD)

Its the rate of interest the BOE lends to other banks,who then lend money to us. A decrease should in theory stimulate the economy as people dont have as much mortgate to pay so they have more money to spend in the shops basically. Also businesses ...

Interest Rate Question

I see £/$ is still in its long term channel touching the outer support line Will this hold when the interest statement comes out?

The right Trendline and S/R line

Hope this helps

fibonacci

Price is in a rising channel (f,g) and is at a long term resistance at (b) This coincides with the interest statement One of them will have to break shortly

The right Trendline and S/R line

Price has now broken (d) Will it now hit (b)?

The right Trendline and S/R line

GBP/USD — Pound is at an interesting area It is in a good channel between (a) & (b) with centre line (c) Price is finding resistance at line(d). Will it carry on up to resistance line (b) or drop to line (c) and support at (e)?

The right Trendline and S/R line

Thanks Nelson..glad you liked them If you go into the news section and watch the PFXGlobal videos they tend to have trend lines in and if you watch todays called New Resistance Levels there is quite a lot of trend line analisis....sorry I dont know ...

The right Trendline and S/R line

Catalin Yes you are right.Sorry for any confusion. I only put those few lines on as examples of what I look for. Line 1 provided resistance at the start of the down move then was no good for a year but came in as support again at the bottom of the ...

The right Trendline and S/R line

Getting to the present time (this is on 4hr) Price rose to (x) then dropped to (a) and I drew in S/R line 1 Price then rose to (b) and stopped as there was previous resistance there and then dropped towards (c) and I drew R line 2 When price got to ...

The right Trendline and S/R line

Thanks Bemac.Glad you are keeping things in order

The right Trendline and S/R line

I think its a good idea to draw trend lines on a larger time frame to start with then go to a lower time frame keeping an eye on the price when it approaches long term lines. On this GBP/USD chart the trend line (1) provided resistance at the start ...

The right Trendline and S/R line

Thanks for sharing sulz

The right Trendline and S/R line

My trading style? Well 7 years and I am still developing it. I look at; Trend line/S/R Fib retrace M/A Stoch' ADX COT Option volatility It would be a good idea to run a thread but you could as you have suggested keep this going for a while to see ...

The right Trendline and S/R line

Hi justcatalin Your original trend line was no1 Price rose to resistance at z then fell breaking TL1 at (a) (Your false breakout 1) You could possibly have looked to sell if the price went a certain number of pips below the low of the candle that ...

The right Trendline and S/R line

You can trade different contract months if you have a broker who lets you Its known as spread trading. You could try searching on here but I dont think there is much info If you look up Joe Ross in the members list and go to the link in his profile ...

Futures Pricing Question.

If you go to cbot.com.....click on education....then on LH side click on publications They have loads of free info The wheat market became inverted around June ie nearer months higher than later months Before that it was in contango ie later months ...

Futures Pricing Question.

EUR/USD

end of a trending market?

ADX — Have you looked at ADX. Tried to load this last night with an explanation

end of a trending market?