Support and Resistance strategy or just follow trend line?
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  1. #1

    Lightbulb Support and Resistance strategy or just follow trend line?

    Most of us who are just beginning to trade the markets faced with the question: when to enter and exit the trade? For myself I have found the best solution is support and resistance strategy. On the graph we can perfectly clear see where the market is actively moving or will go sideways. How often do you use support and resistance levels for the entry into the market , or simply go with the trend?
    support-and-resistance.jpg

  2. #2
    We need a good understanding of support and resistance, all traders require an understanding of support and resistance no matter what strategies that we use, we will be difficult and have no idea to put a stop loss and take profit level if we do not understand about the concept of support resistance on the chart.
    If you lose, be patient. If you win, stay humble

  3. #3
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    Quote Originally Posted by rinaji View Post
    We need a good understanding of support and resistance, all traders require an understanding of support and resistance no matter what strategies that we use, we will be difficult and have no idea to put a stop loss and take profit level if we do not understand about the concept of support resistance on the chart.
    At the time of learning support and resistance its important for us to know that where we have to put our stop loss and where should be our take profit levels, I am using a support and resistance based trading strategy I mostly focus on stop loss area and take profit levels I cut from my hands most of time. Wrong trading knowledge of support and resistance use can give us bad trading result so its prominent to learn wisely at first.

  4. #4
    Following the trend is a good one, but I think as a trader you really need to know when you don't have to follow the trend all the time, I mean you need to know when the trend is exshausted and about to reverse. To that before trading you need to understand the market and the way it moves, and then one should know that some of the pairs might trend for so long but that is not the same with all the pairs. Furthermore, Follow the trend and know when to watch out for support and resistance levels.

  5. #5
    Quote Originally Posted by cutiekc View Post
    Following the trend is a good one, but I think as a trader you really need to know when you don't have to follow the trend all the time, I mean you need to know when the trend is exshausted and about to reverse. To that before trading you need to understand the market and the way it moves, and then one should know that some of the pairs might trend for so long but that is not the same with all the pairs. Furthermore, Follow the trend and know when to watch out for support and resistance levels.
    Using support and resistance in his or her chart is a good idea as its is one of the basic tool one should use to know the support and resistance and if one knows well to use it can easily know where he should put his tp and sl because support and resistance is one of the powerful tool in the forex market as per my view and have seen many times the importance of this tool in entry and exist of position

  6. #6
    I believe that when you trading you have to make sure that you always looking the resistance and the support with a big time frames like the two hours or the four hours time frame because when it's easy for you to trade with and see in the future easily than the smaller one

  7. #7
    in my early years of trading i missed huge profits due to failure of implementing support and resistance ....since identify the secret behind these horizontal lines my trades have improved exponentially . as these are where the big boy wait for their strategies to be confirned from.

  8. #8
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    those as having of limit on initials with the entrance on referring customs on excess with the definition on risks and target level on projection as having of wider with the ways of option as trader might explore on examination on excess with the successful inauguration of entry position as requesting challenge on competition.

  9. #9
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    Trading with support and resistance is very good for traders because it gives them exactly clear direction but one must have to learn how to use support and resistance, how to draw lines, understanding them etc
    Last edited by Gamer; 10-09-2015 at 01:22 PM.

  10. #10
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    Trading with support and resistant can be preferable for traders. But at first a traders has to know how to read it out perfectly. Along with support and resistant a trader can learn trend

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