Quote:
Originally Posted by toddanderson
can you explain what type of indicator your support resistance is
what does it use to calculate the lines
How is the gridpips used
Thank you
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Use it on 1 minute charts
It draws lines at the previous hours /x hours low and high
Every hour it draws lines at hourly highs/lows
During the day it will draw 24 lines for each hour
If the market is ranging , one can use 1 st short at resistance follwed by a second short at 10 pips higher 3 rd short at 20 pips and 4 th short at 30 pips
It can be used as averaging down 4 positions
Always trade in the direction of longer time frame moving averages and currency strength
OILFXPRO