Google "Guppy" and you may get more hits. I've never seen anyone refer to GBPJPY as "Geppy"
I'm not new to trading, but relatively new to Forex and I certainly saw nothing on your blog that was above the basic beginner.
I attach some images to show you how to draw S/R lines
The first image is a common method and the candles close is used to draw the lines. This is easier to do if you switch to a line chart. The green line is resistance that has now been broken This could possibly now act as support should the price move downward.
The lower blue line is the support line and the other blue line is an equidistant channel
The 2nd image is the same chart switched back to candles.
The 3rd chart the lines are drawn using the highs or lows of the candles
Both of these methods are valid
Your method however appears to consist of drawing a line in the direction of the trend not relating to any valid highs or lows.
It's quite common in this forum for new posters to appear with links to their blog that gives the impression that they are making loads of pips. They suck in the gullible newbies and eventually try to hit them for money to get in on their system with live trading signals etc. Some people, once they realise that they are unable to earn money at Forex trading try to become a teacher try to get their losses back by preying on others.
I'm not saying that this applies to you, but my suspicions were aroused by your first post as it is typical of so many blurbs that are designed to entice the newbie into handing over their money.
It's a matter of personal preference, but I prefer to use the candle close method
I like your charts Gumrai my friend,
very professional, clear and concise
"seven9ine" I admire your cause my friend, but what you need to do is post your live trades with entry, exit and stop loss for all to see so that the Newbies can learn from your execution skills.
That is what I do at my thread aimed to help newbies on trading currency, indices and commodities. I invite you to join us and share your analysis as we already have a good community
http://www.trade2win.com/boards/uk-...alls-ftse-dax-s-p-aimed-help-new-traders.html
Gumrai certainly has a valid point, your trend lines do look a bit wayward
Any newbie can pick up a book and draw trend lines, learn fibonacci etc etc....but how do they apply it in a live market.
the best way to show them is by posting your trades live .........they can then work backwards and learn why you took the trade...the best way to learn!!
Gumrai is right anybody can claim to make profit after the event, If you post live trades then people will judge you from your results and no one can accuse you of taking advantage of Newbies.
Gumrai is correct as there are a lot of sharks out there..........hence the reason why i set up my thread.
There are a lot of people that can talk the talk, and walk the walk........I challenge any one who wants to help people and show them there so called successful method to post live trades for all to see and then we can judge them by there results. Its the best way ........
I trade based on price action alone, no indicators
