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S+R and Scalp line updates!

Posted by Nick 4 Comments

Hey guys,

I am a little late with this update but here goes:

The 209.31 S+R line has been moved to 209.37, I know it is only 6 pips but 6 pips can be significant. Looking at the candles in that area over the past few weeks the 209.37 is just a much better fit. S+R lines do migrate very slightly with time so it is completely normal to see this.

We also have a very obvious scalp line that has formed at the 212.30 level. I have added that line and removed the 213.00 scalp line mentioned in the weekly analysis video. The 212.30 is a much stronger scalp because of the way it moved up, hit, and reversed.

There are the updates I hope you guys caught the 210.56!

Related posts:

  1. New GBP/JPY scalp line 211.06
  2. New Scalp line at 200.80
  3. Scalp Line at 198.05
  4. Scalp line at 200.80
  5. 201.80 and 202.60 trades closed!
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  • David

    Hello Nick, Just looking at the GBP/JPY chart at the 210.56 trade.Could you tell us newbies where you actually entered the short trade?

    Which candle did you decide to enter on?

    Cheers,

    David.

  • admin

    David » I entered on the first candle that broke through the line.

    30.06.08 5:00 candle on the 4hr chart.

    You should check out the forum there is a lot of info about how I trade there.

  • David

    Thanks for the reply. Yes I took that trade.The 210.56 line was broken again the next day did you also take that trade?

  • John Umoru

    Hi Nick, Can I be aided on drawing daily pivot points (S/R) on the EUR/USD chart?

    Thanks for your great work

    John