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In this video, we are going to learn how to draw support and resistance in a practical way on NZDCAD Daily timeframe.
Hope you will make good use of it!
Once you spot a location to trade from (be it a liquidity hunt, or a false breakout + market structure break) - that's only half of the job. The next most important step is to draw a correct zone which gives you a safe and reliable way to enter and define your risk.
I've always found that drawing zones which help you define your entry & risk is an art, more so...
today I'll walk you through a little turotial on how to set up the traffic light zones on tradingview.
I recommend you applying this tool on the HTF as well as LTF whenever you are about to place an order.
I'd love to hear about your way of applying, so let me know in the comments :)
Have a great day!
Hi Guys! Today I take you through a quick look at how I trade and use zone to zone trading accommodated with trendlines to get my extra edge on the market. Please if you found this video useful can you please comment and like below and please include what you'd like to see in the future.
Hope this helped! Happy Trading!
Look at the bigger picture.
On the chart itself Banknifty is stuck between a significant support and resistance zone. For all those who are waiting for going long on banknifty, a close above this level might decide the future. Also, if you look at RSI it is in the key support zone . If RSI trends upward after taking support at this level long positions can...
Welcome to Part 2 of the series examining algorithmic support and resistance (S/R).
Today we'll check out Apple Inc (AAPL), and how the algorithm defined S/R zones over the last 15 years.
So, as I mentioned in Part 1 (see the Related Ideas link below), the algorithm incorporates a number of factors to determine, in real-time, viable support and resistance zones....
The TZ method is fairly easy. There is several tradingview scripts for Transient Zones.
You can almost grasp it by looking at the rectangles on the chart that makes up the method. It's a support and resistance system with a time factor based on the chart...
Trading is a numbers game, and markets are based on the mathematics of the traders equation. However, understanding this alone will not guarantee profits. The ability to apply and conform to the math of the current market context is what leads to consistent profits. Beginners often have a misconecption that they need to know what is going to...