Thread: holy grail support and resistance?

Hi all,

I was wondering how you guys are looking for support and resistance at your charts.
Because not every degree is sufficiently strong to continue. Do you exchange with no indior or do you utilize just supply requirement on higher frames?

For myself, I'm trading using a volume spike indior to find levels but I am curios that is functioning...
therefore I am searching for other options.

Looking forward to the reply's

Forex Kid

Hi all, thanks for sharing your opinion with me. My head was just awakened with a few (un)finished and (not)working thoughts.
Now I exchange with a supdem indi and indie support and resistance at d1 4h 1h.

Second thing I am interested in is, how do you look to trend direction? 99% of indiors such as ma and rsi dont work in my own opinion because they're lagging. Therefore do you look at fashion lines? Fundamentels? Or busted supdem?

Thanks all,

Greetings tk

I like Support/resistance. But I also take into account the whole market arrangement. In addition, I look at time of day, and just how near a major news event. Support and resistance are a major aspect of price action. Now you have to understand other price behaviours. How do spikes act? How do stop runs act? How does a spike compare into a slow grind up? What occurs when price coils up for 20 hours in a 10 pip range then breaks out? Figure out this and your on your way. Rather then add indiors into support/resistance system to raise your chances, add in another price behaviour, for example a spike in to support/resistance. Back test it 1000 times, know that signal by heart, know how many transactions you would be anticipated to win/lose from 100 trades. Fantastic luck!

Originally Posted by ;

I am trading with a volume spike indior to come across amounts but I am curios that's functioning...

If you figure out how to produce pips with it, then yes it works fairly fine
To the point, I decide S/R amounts by eye. It is rather some emotional point than something that is is determined technically, just put yourself in the place of the crowd and find their thoughts.
I don't take S/R amounts as supposed points for entries, only a range where price will possibly range in. Technical analysis is weak if using S/R only attempt to combine it with volumes, RSI and other related stuff. OR just change to fundamental trading like me
Good fortune

Most good transactions happen from a point of more than just S/R but a confluence of things like a fib retracement level, a Bollinger band (upper, lower or the center line, which can be referred to as the signal ), a Moving average, which is what is known as dynamic S/R, then is always divergence in an oscillator (select one).

Confused yet? You should be. You deserve that for getting the nerve to come in here as a newbie and start a thread and put the words holy grail in the title.

Originally Posted by ;

Most great transactions happen from a stage of more than simply S/R but a confluence of things such as a fib retracement level, a Bollinger band (upper, lower or the middle line, which can also be known as the signal ), a Moving average, that is known as dynamic S/R, then is obviously divergence on an oscillator (pick one). Confused yet? You ought to be. You deserve that for having the nerve to come in here as a newbie and start a thread and put the words holy grail from the name.

I'm not really a newcomer I just wanna take the eye of traders with sacred grail, offcourse there isnt a way to exchange 100% winners but I believe there's a means to find amounts to exchange 70 percent and thats why I create this topic. So, I am pretty curious how you find levels

I do not think in fibonacci btw

greetings Trading child

Originally Posted by ;

Hi , I had been wondering how you guys are searching for support and resistance at your charts. Because not each level is sufficiently strong to continue. Can you exchange without any indior or do you use only supply demand on greater frames? For myself, I am trading with a volume spike indior to come across levels but I am curios that's working... so I am looking for different choices. Looking forward to the reply's ,Trading Kid

hello, I normally start with daily then do the job back to anything tf your trading because the low or high of the daily candle will act as resistance or supp and you need to know exactly where you are price wise. Teach your eyes to see supp res it will pay off more in the Long Term

I Love to set the SR's about the H and L in a weekly chart. See EU weekly pic.

The SR's are then seen in the EU daily base pic, but study the Price Action in past 2 months around these levels, in centre pic.

Hello - I've posted how I do SR trading at the conversation 90 percent of trader fail - it may be of use to some.

IMHO, service and resistance is possibly the most important thing to learn about trading along with risk/money mgt.

Cheers

Support and resistance levels are closest to being called holy grail in forex trading. Should you exchange near these levels particularly on longer time frames you can get amazing results all around.