Jul
13
2009

Support and Resistance / Master Candles

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An article by Gus

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I have been reading over some forums and ebooks and have found that support and resistance lines are very useful in forex trading.

I have been setting some lines on my GBP/JPY chart and it actually even helped a lot with my 4H breakout this morning.

I will try and post some screen shots of how my charts look and how I have been using these methods. I will also write a few things on how how support and resistance lines work and how they cna help any trader become even better.

I will also start to trade a new daily method, since my goal is to try and make my trading work around my college class schedule coming this fall.

Tags: forex, market, News, support and resistance, update

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