How do you draw on charts to find their trading range?

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Re: How do you draw on charts to find their trading range?

Post  XREDXR on Thu Oct 28, 2010 7:44 pm

To draw the range, you need to connect the highs togeter to find level of resistance and then lows to find level of support.

This range between level of resistance and level of support is the trading range.



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How do you draw on charts to find their trading range?

Post  KajolThappar on Wed Sep 29, 2010 1:49 am

To draw the range, you need to connect the highs togeter to find level of resistance and then lows to find level of support.

This range between level of resistance and level of support is the trading range.

The idea of using differnt duration charts to find the direction of market in long term and shotrt term. So, if the long term chart is pointing upward, enter the trade when shorter term chart is also pointing upward.




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Last edited by KajolThappar on Tue Nov 02, 2010 4:56 pm; edited 2 times in total

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