Support and Resistance strategy or just follow trend line? - Page 30
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  1. #1
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    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?
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  2. #291
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    Quote Originally Posted by kebikemor View Post
    No doubt that some beginners still found it difficult to identify support and resistance levels in the market of which makes them to trade in a manner that caused them loss. However, this is a business field that the experience of becoming successful is very essential for all beginners to acquire in their learning process.
    There are many support and resistance strategies, there should be no way the newbies are finding all of them hard to identify. Just like that of the trendline and pivot points, there are many indicators who will display them on the forex chart for that trader. Not that traders will be making mistakes with the drawing when they are trying to fix it in the manual method.

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  3. #292
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    Quote Originally Posted by davido View Post
    Support and resistance or just follow the trendline, well we can make use of anyone because support and resistance or trendline are almost the same thing because in order to use support and resistance levels the trendline is what we need to use it, so support and resistance or trendline is almost the same strategy.
    Yes, it is only follow the trend line however we can good analysis the market and make good trading strategy for our trading business. It is very useful and profitable trading strategy but if we can any mistake to make it and understand it then our trading strategy is wrong and we can get only loss in it.

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  4. #293
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    well it is a very good method to understand the working and trading with a better way,to make better analysis in your trading this trend lines helps a lot.It keeps you aware that where is the market actively moving or where it is going sideways.So by this method you to do better work and it helps you to improve your trading and trading style.

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  5. #294
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    Market support and resistance levels are god way of trading and if you are just follow then without trend line then its better for you because these are two different strategies and their combination is not good for traders. If traders want to make money they must choose one strategy from these both at a time. You can use trend line or support and resistance strategy at a time for better result.

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  6. #295
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    One of the greatest ways to trade in forex is to use the resistance and support levels if you can be able to work in forex using these kind of trading makes it quit easy for us to trade and these is one of the greatest ways to which we can gain some number of pips, but drawing a support and resistance level is really tough and requires you understand it right. its absolutely important we know how to create the two. once you are able to start on the two its a good thing because it can be use to place orders on either side thats one of the best thing using support and resistance, how ever there is never a guarantee in forex there is non not one, so its always good that you consider a third opinion because then you will be able to factor in the what might go wrong, there are about 5 indicators you can use and its a probability to what you can use them for. Always a probability

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  7. #296
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    Quote Originally Posted by biru View Post
    Market support and resistance levels are god way of trading and if you are just follow then without trend line then its better for you because these are two different strategies and their combination is not good for traders.
    You don't actually know what you are saying. If traders are trading the trendline, they are actually trading one of the means of trading the breakout strategies, and it can happen only with support and resistance strategies like trendline. So, your comment here are complicating, and the trendline is even one of the best means to particularly trade the the market.

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  8. #297
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    We must follow the market trend to earn profit on this business but to follow the trend we must follow this market with good planning. If traders are work hard then its possible for traders to identify the market trend side movement and earn big profit on this business. If we work hard then its easy for us to make huge profit on this market.

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  9. #298
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    Quote Originally Posted by biru View Post
    We must follow the market trend to earn profit on this business but to follow the trend we must follow this market with good planning. If traders are work hard then its possible for traders to identify the market trend side movement and earn big profit on this business. If we work hard then its easy for us to make huge profit on this market.
    Of course, the best that any trader could do is for themselves is to follow the market trend all the time, and this can make sure that the trader is both gaining money and also trade with ease. The trendline analysis is one of the good ways I know that trend could be followed, it will help traders that use it on the higher time frames to make huge income as well.

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  10. #299
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    Quote Originally Posted by ajagbeolegba View Post
    Of course, the best that any trader could do is for themselves is to follow the market trend all the time, and this can make sure that the trader is both gaining money and also trade with ease. The trendline analysis is one of the good ways I know that trend could be followed, it will help traders that use it on the higher time frames to make huge income as well.
    Yes, the traders who are following the forex trend are doing good trading analysis, they will reduce the level at which they can be losing in the forex field too. There are many ways to follow this forex trend and i am now using the price action to follow the trend. The use of trendline you made mention is good too, it depends on the preference of the trader in question.

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  11. #300
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    Its depend on traders skills that which trading strategy he want to use on their trading. Support and resistance levels are too much helpful for traders to understand this business well and trend line is also another good trading strategy that is help traders to earn daily good profit from this business. I like to use only when the trend line trading strategy which is always help traders to earn money from this business only daily basis.

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