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

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

Post  KajolThappar on 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.




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