My Way : KLSE Stock Market Forum
Would you like to react to this message? Create an account in a few clicks or log in to continue.

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

Go down

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

Post  KajolThappar Tue Sep 28, 2010 11:21 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.




______________
Solar panel-Make Solar Panels at Home

KajolThappar

Posts : 12
Join date : 2010-09-28

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum