Practical Exercise 7

[Steve Hall]

Hi,

I have been working on this one for a little while 🙂

I have attached a bunch of examples as per the exercise

First up are trendlines as targets

Attachments:

You must be logged in to view attached files.

[Steve Hall]

Next up support and resistance levels as targets

Attachments:

You must be logged in to view attached files.

[Steve Hall]

Next – fib retracements and extensions

Attachments:

You must be logged in to view attached files.

[Steve Hall]

Finally – Gann Eighths

Attachments:

You must be logged in to view attached files.

[Rich Fitton]

Hi Stephen,

You have been busy 🙂

And you show a solid understanding of the concepts throughout your examples.

A quick tip for using trendlines: when you draw them on the daily chart, and then zoom in to intraday timeframes with the line left in place, the positioning can become distorted by the change in scale. I know it means a bit of fiddling around but one thing you can do is take a reading off the daily chart (where price would intersect the trendline) and plot that price on your intraday chart as a horizontal line.

[Steve Hall]

Thanks Rich, I didn’t realise that about the trend lines and intraday charts – good tip thank you!

[Author]

Posts