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#12
4th September 2006, 07:49 AM
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Re: Drawing Support & Resistance lines-video watch
Hi friend
please watch a video on trendlines http://www.atradersuniverse.com/trendlines.htm see on the right ---------------- Free Videos Trendlines MACD Stochastics Chart Patterns ---------------- When you draw trendlines it is important you join only those swing high or low points that have a matching magnitude. What does it mean? watch the video!!!!!!!!!!!!! rvlv 
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#13
4th September 2006, 05:19 PM
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Re: Drawing Support & Resistance lines
Quote:
Thanks a lot for your reply. Appreciate your help ... Thanks & regards, Amit Last edited by gobatman2001; 4th September 2006 at 05:31 PM.
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#14
4th September 2006, 05:30 PM
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Re: Drawing Support & Resistance lines
Quote:
Agree with you totally, Drawing support & resistance levels on the line chart is much easier. I was going bananas trying to do the same on the candle chart. Should there be another resistance level at around the 77.50 levels? Thanks a lot for your help ... Regards, Amit
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#15
4th September 2006, 05:32 PM
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Re: Drawing Support & Resistance lines-video watch
Quote:
The link is not working ... Regards, Amit
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#17
4th September 2006, 07:12 PM
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Re: Drawing Support & Resistance lines
Quote:
 Sorry just now I noticed your post! There is a software called AlphOmega for MetaStock, can automatically perform technical analysis of Elliott waves (gives hints but dont rely on it 100%), it has many indicators, predictions of price targets, chanelling, Resistance&Supp., etc. I personally rely on manual E wave counting, but helpful sometimes. MetaStock with AlphOmega like a car with accessories, people enjoy it but the car stays a very good transportation device without accessories  . You may try this site: http://www.alphomegaew.com Regards
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#18
4th September 2006, 11:41 PM
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Re: Drawing Support & Resistance lines
Quote:
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#19
5th September 2006, 05:44 AM
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Re: Drawing Support & Resistance lines
Well I have a different way, I believe when perceived with volume it has greater reliability. Open up PBC charts which is basically a bar volume histogram on the price axis and draw the support and resistance lines with respect to price and volume. Its a very effective method though some what underated or overlooked perhaps. For further details check out http://www.investopedia.com/articles...6/PBVChart.asp
I apologise if this comment may seem a bit unrelated to your question as you specifically talked about intraday noise. Nevertheless I think the method is worth looking into.
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#20
5th September 2006, 06:46 AM
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Re: Drawing Support & Resistance lines
hi amit,
the link was ok. I tested. However you try this.if you dont have java it may not work. http://www.atradersuniverse.com/ rvlv
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