Showing posts with label Reaction Lines... Building up a picture of price structure.. Show all posts
Showing posts with label Reaction Lines... Building up a picture of price structure.. Show all posts

Thursday, 31 May 2012

GBPUSD...reaction line heaven

remember this chart form yesterday? There are only 2 forks in total but below is a study/template in the daily TF and displayed here in the 240 min with 18 various forks (Andrews /blue, Schiff/thin black, FNL & G-Spot in thin green).All lines drawn by custom indicator.



Friday, 11 May 2012

GBPUSD

 Cable could tip off the edge here.

Now below we add another fork with RL's ( red)

 
  and here's the working template below (with indicators removed for clarity) with other forks and reaction lines added and giving a composite picture of the main reaction and median lines in the higher time frames.