Re: More guidance needed

#11
AbbasChild53 wrote:
Sun Aug 23, 2020 7:54 pm
I understand most of your reply to my original post. However, would you please clarify what you said about checking the daily chart before the London open? You said to draw a vertical line between support and resistance. My Metatrader 4 charts will allow me to put a vertical line, but not to stop it horizontally. I would think you mean to draw a vertical line up to resistance and down to support. I am not sure how to do that, so more explanation would be appreciated. Thanks.
Hello.
On my chart I use the standard drawing functions from the terminal. When I post the chart on the forum I usually highlight support and resistance areas with 3dpaint to make them more visible.

My process of drawing drawing S/R lines is very simple. I start on the higher time frame and work my way down to the lower time frames.

If you want to draw lines with limited length on MT4 you can use trend lines and remove the ray check mark. (see also screenshot)
trendline_ray.png
trendline_ray.png (8.46 KiB) Viewed 153 times
I hop this helps.

Alexander
cron