Plotting Some Support and Resistance - Oh & A Fib! This video quickly describes how I put my support and resistance levels (zone) on my charts and how I typically use my fibs.
As I mention in the video, I try to keep it simple, straightforward, and not spend to much time in my charts. Personally, i find the more time i spend in my charts the more i hunt to find something that might not be there. This for me usually causes me to make bad decision in terms of entry, etc.
Try to keep it as boring as possible.
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Resistance_level
USDJPY Building A Better Case for Entry (J_Graystone Follow Up)Yesterday my trading partner Jason Graystone shared a potential buying opportunity on the USDJPY. Today what I wanted to do is revisit that idea and talk about how we can go about building a better case for entry or at least provide different options so that traders of different styles can get involved as well.
Akil