RE: Beginners Questions
Hello Red Barron (great alias btw)!
Extract from a post I did a while back:
https://twitter.com/badcharts1/status/96...1683512320
"...
I now draw my lines using the open or close of the candles, always excluding the wick. See the wick as "noise". It is the intra candles actions, which the higher timeframe candle has "reduced" by closing within that "noisier" whipsawing movement. My howto: http://badcharts.com/how-to/
..."
Looking at your jpg, I would lower the line to the "more important" resistance. A close above that is a breakout for me, it doesn't have to close above a preivous wicks high.
See my attached jpg.
Hope this helps.
Don't hesitate to contact me in case of questions.
Regards,
Patrick
(2018-03-28, 03:49 AM)Red Barron Wrote: Sure. The green line is resistance.