Eman93 4,750 posts msg #71062 - Ignore Eman93 modified |
1/29/2009 11:06:14 PM
Finaly got around to codeing this.. I was looking at the results and damm why did I ever stop using these?
I will be drawing these lines on my charts from now on.
Plot hoiziontal lines on your 1 min chart to trade interday support and resistance
Change the symlist to add your stocks
You can use this same formula for weekly support and resistance levels..
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Eman93 4,750 posts msg #71065 - Ignore Eman93 |
1/29/2009 11:51:16 PM
sp1 is support 1
sb1 is support band 1
rs1 is resistance 1 .. you get the idea
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johnpaulca 12,036 posts msg #71069 - Ignore johnpaulca |
1/30/2009 12:34:14 AM
Nice job Eman.
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guru_trader 485 posts msg #71073 - Ignore guru_trader modified |
1/30/2009 1:58:20 AM
Nice!
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Eman93 4,750 posts msg #71088 - Ignore Eman93 |
1/30/2009 11:16:33 AM
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Radiomuse 288 posts msg #71094 - Ignore Radiomuse |
1/30/2009 3:44:01 PM
Eman - I posted this in Intraday Alerts and thought I'd move it to the proper thread, unfortunately can't delete it from the other one...
Just curious where you got the idea for this, cause the S1 and R1 are being calculated a little differently, and the usage and choice of the Fib numbers.... Not challenging you - just trying to learn/experiment and I might tweak the numbers a bit...
Thanks!
Mike
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Eman93 4,750 posts msg #71096 - Ignore Eman93 |
1/30/2009 3:55:11 PM
Not trying to be a smart ass, but I read it in a book. When I first started trading I was using them, then I moved on to something else........today was the first day I plotted them on my screen, and wow.
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Eman93 4,750 posts msg #71097 - Ignore Eman93 modified |
1/30/2009 4:19:36 PM
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Eman93 4,750 posts msg #71107 - Ignore Eman93 |
1/31/2009 12:02:23 PM
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Eman93 4,750 posts msg #71139 - Ignore Eman93 modified |
2/2/2009 10:40:12 PM
Be sure to watch out for yesterdays close as a point of support /resistance......
As TRO has shown todays open and yesterdays close are strong price points.
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