Dislikedhello Fxpat,
if i understood u correctly...
i personally mark them like in that post (remember it was a rough, quick post), but i place a slightly more emphasis/importance on lines (PPZs, S/R's) that are at & near the current price.
for example, i would place more importance on lines i plotted relating to 2010/2011 prices, than on lines plotted spanning back to 2007.
another example... i would place more importance on lines i plotted relating to Jan/Feb 2011 prices, than on lines plotted on Dec2010 backwards.
the reason being...Ignored
The chart here is a daily, I'm only using it for an example. Would the area in the box hold much importance since it was over 2years ago and price has broke through it several times? What if that box area had a larger high? I realize all time highs/lows and even yearly points have great value but I'm not sure about the areas in between. Does an old 1 touch area hold any value? Also, after time do S/R levels move?
Thanks in advance.
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