How to draw the resistance and support line on candle chart.

[newentry]

well, for this, it needs good ability to use this way and i see that you got the understanding about it with very well,
so i will follow your thread here and i interest with your strategies

[monkedelofi]

here i share some easiest method to draw the resistance and support line on chart.. its help to trade and also help to given the sl and tp. target.

this is blank chart.. of 1 hr
Attachment 597

after that u draw the horizontal line with the help of
insert>lines>horizontal line

like this
Attachment 598

after u can also draw the rectangler , triangle, or ellipse
insert>shapes> triangle..ellipse. rectangle..

u r chart look like this..
Attachment 600

now i mark the arrow mark .. where u enter
Attachment 599

with this u can use the exponential moving average of 5period (yellow ), 15 period (red)

Attachment 601

so its ready now u make know easily where the market is gone and when u exit.. when u enter..

plz share the comment ... how its look like ..

Usually I prefer to use a line chart to draw support/resistance lines instead of the candlestick one. I use candlesticks for other signals but I find that you can see highs/lows more accurately on a line chart.

Also do you change your timeframe when you search for resistance/support levels or do you draw them on the same timeframe that you trade on?

[hardworks]

I will draw support and resistance lines using zigzag indicator itself. Just draw a straight line in tops and bottoms of the zigzag indicators. And then the bottoms as support and ups are resistance, this will get changed according to the market movement. There are so many methods to draw support and resistance lines, just try that also.

[abdillahikbal]

To rely on technical analysis support and resistance points, control or Fibonacci support and resistance points, one of the most powerful ways of being able to imagine many traders rely on you and can be identified on the chart for them.

what does this mean sir? what and how to read this system? when the system does sir wear has never suffered a loss or only appropriate use for trading ddemo account only? if allowed to be whether I use this trading system sir?

[ashwini]

yeh pahli baat koi indicator nahi hain.. app khud draw karenge.. candle stick chart main higher and lower level ko dekh kar. so .. yahan false signal ki koi sawal nahi uthta. so koi bhi yeh kar sakta hain. aur easily .. trading karne waqt .. easily anayliss kar sakte hain ki next movement kanha tak ja sakta hain.

[syedraza]

To rely on technical analysis support and resistance points, control or Fibonacci support and resistance points, one of the most powerful ways of being able to imagine many traders rely on you and can be identified on the chart for them.

[puri]

trading main sub sa acha or sub sa best indicator jo mujha lagta ha wo ha candle stick mara ko ya indicator boht he passand ha or main es ko used be kar raha hoon mujaa es ko used kar ka boht sara profit eanred hota ha es laya mujaa ya indicator obht passnad ha.

[joru]

bohut he achi fundamental ki wi hai app na
is say hum kafi kuch seekh sakta hain agar humaya chahain tu
agar app kay pass aur knowledge hai tu please humara sath share karain

[Maham Gill]

here i share some easiest method to draw the resistance and support line on chart.. its help to trade and also help to given the sl and tp. target.

this is blank chart.. of 1 hr
Attachment 597

after that u draw the horizontal line with the help of
insert>lines>horizontal line

like this
Attachment 598

after u can also draw the rectangler , triangle, or ellipse
insert>shapes> triangle..ellipse. rectangle..

u r chart look like this..
Attachment 600

now i mark the arrow mark .. where u enter
Attachment 599

with this u can use the exponential moving average of 5period (yellow ), 15 period (red)

Attachment 601

so its ready now u make know easily where the market is gone and when u exit.. when u enter..

plz share the comment ... how its look like ..

yar ya indicator muja bilkul be acha nahi lagta ha q k mian es ko ak to used he nahi karta hooon or dosara main es main kafi knowledge earned nahi kar rha hoon es lya to main trading main boht sara loss be earned karta hon or profit be earned karta hon.

[nurhidayah]

Support and resistance points that you can portray in the chart by relying on technical analysis or by drawing on Fibonacci is one of the strongest ways in which you define support and resistance points on the chart and a lot of traders depend on them

however, the use of support and resistance points should also be adapted to the trend in open position so that we are either in open pending order or a direct placement position is wrong and we can produce benefits commensurate with the trading process that we run