Daniel.B

A chart meant for newer traders having trouble finding S/R areas

FX:USDCAD   U.S. Dollar / Canadian Dollar
21
All notes are on the chart. This is more of a chart for newer / novice traders that have a hard time finding support and resistance areas to take trades off of. Keep in mind that plotting all the support / resistance areas on a chart looking at historical price action is much easier than finding them in current price action. It all just takes a lot of practice and studying of charts so you can become more proficient at finding these areas in current price action to either take trades or take your trade profits, or more importantly on decent areas to place your stops. Also, do realize that out of all these trade opportunities I only took roughly 2-3 with a couple intra day trades. So don't get discouraged from a trade that "could've, should've" been. We all miss trading opportunities or simply trade setups doesn't meet our personal criteria for an entry.

Cheers, hope this helps a bit =)
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