How important trend lines and SR levels are!?

mario urlic forex us dollar index 25.02.

I have chosen the US dollar index to show you this, because of the importance of the same in the market. But it’s the same thing in all currency pairs, commodities, stock market indices… You probably think now, hey what the hell is this, right!? But, if you look closely, you will see the highest importance of the SR levels and trend lines. This is how I analyse the market, simply and clean. Most of the traders ask me, why my analysis are so simple? Well, if you take a look at this chart and all what happens only based on SR levels and trend lines, you can easy understand why, right!? All market moves are is based on this, short term and long term! Sure, when you look at this chart it looks easy to analyse, but it’s not so easy to trade, right!? Sure it’s not, I wrote about what all it takes to be a good trader for several times in my education category, but keep it simple at least from the technical perspective. Because, it’s not so complicated as you think it is. Draw you’re trend lines and SR levels and let them always stand in you’re charts to see in advance what will happen and where the pairs could stop, rebound, reverse and where will be the breakout up or down. Change the colors from green (support) into red (resistance), move them a bit up, a bit down…

Draw the trend lines and SR levels at first on the higher TF’s (the strong ones) and then on the lower TF’s, based on which type of trader you are. Btw. I drew the trend lines in the past period here just to show the importance of the same. On the smaller TF’s I erase them latter, but I always have them in my higher TF charts in front. Stay focus and draw, draw, draw… 😉

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7 comments

  • FX Robin Hood. 🙂

    Liked by 1 person

  • Ja isto mislim da su S/R nivoi veoma vazni i ne koristim nikakve indikatore sem MA i nekih pivot indikatora,nekoliko puta sam hteo to da te pitam….sta mislis o tim indikatorima,ne vidim ih na tvojim chartovima,tj vidim da si ti crtao “velike” S/R nivoe ali ne vidim one koje izbace ti indikatori?

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    • Da, nema ih jer ih ne koristim. Ja određujem sam SR levele, a na osnovi mog osobnog viđenja marketa unaprijed. Što se tiče MA, koristim samo MA100 i 200.

      Yes, there is no pivot points in my analsysis. I predict SR levels by myself, based on my personal market view in advance. I use only MA 100 (red) and 200 (yellow).

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      • Ako mogu jos nesto da te pitam,racunas li nivoe svaki dan,ja uglavnom skalpiram i trgujem svaki dan pa zato koristim indikator za pivote,mada sve cesce cekam i danima cenu na nekim “jakim” S/R nivoima koje sam odredim..
        (Ako bi vise znacilo da komentarisemo na engleskom slobodno reci)…))))

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        • Moram pisati odgovore i na engeskom zato jer više od 80% posjetitelja dolazi iz stranih zemalja. Uglavnom radim analize na tjednim i dnevnim grafovima, a ako dođe do nekog perioda konsolidacije, spuštam se na H4. Kada sam u poziciji, pratim sve chartove od M5 nadalje, nekad čak i M1.

          I must write and answer on English because more then 80% of the visitors are from foreign countries. Btw. I mostly analyse at weekly and daily charts, but in the times of the consolidation I am analysing at H4. When I am in the position, I am following all charts from M5, sometimes even and M1.

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  • Ovako je pocelo moje iskustvo u forexu prvi mjesec -60% to se uglavnom svodilo ne neke sisteme kopiranje s interneta bez nekog razmisljanja ulaženje u pozicije bez nekog smisla itd,,otkad pratim tvoje analize i poceo sam razmisljat na taj nacin ovaj mjesec +12% .Zahvaljujem na svemu ponovo 🙂

    Liked by 1 person

  • You Are right sir

    Liked by 1 person

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