Thread: Support and Resistance Trading Simplified

Hello my Coworkers,

I'm at the Forex market since 2008. I have developed myself and been leaping to a time from a time. Finally, I end up with the Fibo Retracement over the weekly timeframe for technical analyses and Daily(sometimes 4H) chart for the true trading. I realized that the most realistic levels of support and resistance are those around the Fibo levels. I consider breaking the Support line if the Daily pub closed under it, and the same approach to the Resistance in the event the pub is closed over it.

Trades Sisse. Seems as if you are trading almost every movement from level to level.

This is another level that has a lot touches. How can you name this amount Domino and how much can you look back? Can you only count touches from even from above or below?

Is the number of wicks too important in regards to clusters?



Thank you very much!

Just discovered this thread. Nice!

Thanks Domino and all!

Sutts, what are you doing here?? Good to see ya, just kidding.

Phil

Originally Posted by ;

Not really consolidation areas or split areas only areas of big clustering. . We're only getting started wait until we whip out the order book you are able to place failure before it happens with the orderbook and orderflow reading.
But close
and that I use equal position sizing. . 50k . . 50k. . 100k 100k as price falls. Based on account size.

Which company are you using to get your orderbook?
thanks!

Originally Posted by ;

, what do you do here?? Great to see ya, just kidding.

Phil

Hi Phil, good to see you've made it . There is some really interesting stuff being discussed here is not there? A true eye opener for me. . .actually knowing why prices go and where they will probably proceed next. Useful information, whatever your trading style.

Originally Posted by ;

Maybe Domino could confirm ?

Hey guys lets get into market microstruture abit. . We're moving to another thread as if involved so I can organize the ideas for future 29, I need to open up a thread. . Place a link in this post in a bit after I left it. Ive been pushing it off simply showing up some transactions like to see some order flow traders out there so ill be getting here.

Here is where Ill be continuing this thread... https://www.nigeriaforextrading.com/...art-store.html

Just S/R.

E/J now at the moment.

Caught from the miniature bottom noise. Major S/R nevertheless holding