I heard support and resistance does not work. I decided to show just how wrong that is. This is an over simplification of S&R and I use a number of other indicators to create winning trades. However if all you did was follow the simple instructions you will see S&R certainly does work. In fact if you look at most of my charts I draw boxes where I see S&R. It is...
Greetings Fellow Traders,
Price Action, Support and Resistance are a very critical part of trading and always aid in the removal of emotions from any trading scenario.
I've posted a couple of analyses recently regarding this pair, and one of them turned out to be an opportunity that would have been a loss. It's just as important to know when to exit your trade...
A retest refers to prices reversing direction after a break and returning to the breakout level to see if it will hold. In the case of a break to the upside, for example, after the initial wave of buying has run its course, prices may stall and trigger very short-term profit-taking selling. The tendency is for prices to return to the breakout level, which should...
This is a clear illustration for how support and resistance change roles when a breakout occurs. This is not a rule that most happen, but it usually does.
Starting point at the latest higher low of the previous bullish trend.(It was a typo on chart, its higher low not higher high)
When a breakout below support materializes, the level usually reverses its role to...
Reversals and what to lookout for: www.invezted.com
in the following text we take the reversals in downtrending markets in action but its basically the same but
vice versa for uptrends.
if you determined a level of interrest where you want to do buisness in ie. in the following cases at a support level
you have to understand first that price dosent care about...
Here is another example of how the high and low for high wave candles are usually trade-able support and resistance levels. I think the chart explains it all.
When spotting a long legged candle(long shadows) its important to keep an eye on the high and low of the candle as potential key levels of resistance and support. In many cases those levels act as barriers...
This is a study of how I like to use the Fibonacci Speed Resistance Fan to help predict future price movement*. While it's not difficult to notice the strong connection between the fan and price movement, turning that into something tradable can be much more of a challenge. Although there are undoubtably many opportunities, this study focuses on two potentially...
A While back I did a post on EURUSD Showing probability of the big move down we’ve seen.
Here is the Link: www.tradingview.com
About 3/4 of the page down I posted another chart with support levels. I received a few questions where I could tell other traders were looking to buy at the first major support levels.
I asked this Question: IF Price does start to...
