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Thread: Support and resistance levels

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    Super Moderator Gulfstream's Avatar
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    Support and resistance levels

    Support and resistance levels are one of the most common concepts in trading. Oddly enough, there are plenty of exercises how to build these levels.

    At first, let's look at the basics.




    Look at the diagram above. As can be seen this zigzag moves up (bull market). When the market moves up and then pulls back, the highest point reached before the rollback becomes the resistance.

    As the market continues to move up, the lowest point reached before the reversal becomes a support level. Thus the support and resistance levels are being formed during the movement of the market and its kickbacks. All of the above mentioned is true for downward movement, but in mirror image.

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    Last edited by Gulfstream; 02-14-2013 at 07:14 PM.

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    Well i think Use support and resistance strategy to trading with trend of market is good chose you can gain from this strategy much money because support and resistance basic on buy at low price and sell at hight price want to thank you very much my friend for the nice thread and share this informations with us

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  3. #2672
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    Quote Originally Posted by Nournice View Post
    Well i think Use support and resistance strategy to trading with trend of market is good chose you can gain from this strategy much money because support and resistance basic on buy at low price and sell at hight price want to thank you very much my friend for the nice thread and share this informations with us
    its not just about high and low point its about repeatation as well where market make again and again turn, if we are using this on smaller time frame its accuracy and chances also will be less, but if we are using this on higher time frames, accuracy and chances will be more also, so its on trader how he deal and how he used it, i recommend to trade with this way but as we learn other learn this as well

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    Registered user Sixteen's Avatar
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    Support and resistance are part of the means of good trading and it should matter to us that we protect our capital and have a means to make the best profits from forex. Support and resistance level are very important and this will sure give traders the chance towards which they can make real profits. This level remains the best time to make any good entry and the best time to plan for the best or right exit. We should know this and build a strong way to keep trading.

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  5. #2674
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    Quote Originally Posted by Sixteen View Post
    Support and resistance are part of the means of good trading and it should matter to us that we protect our capital and have a means to make the best profits from forex. Support and resistance level are very important and this will sure give traders the chance towards which they can make real profits. This level remains the best time to make any good entry and the best time to plan for the best or right exit. We should know this and build a strong way to keep trading.
    Support and resistance levels have been the crucial things in the analysis of all financial markets that help to use the stop loss as well. When traders join the Forex business it is their responsibility to gather the skills to make proper analysis and trade on that. So we have to learn the things and try to practice them with the demo account so that we get good with the implementation as well.

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  6. #2675
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    Quote Originally Posted by komalam View Post
    Support and resistance levels have been the crucial things in the analysis of all financial markets that help to use the stop loss as well. When traders join the Forex business it is their responsibility to gather the skills to make proper analysis and trade on that. So we have to learn the things and try to practice them with the demo account so that we get good with the implementation as well.
    Yes they and the better we are versed in studying these levels or zones the better capacity we have to analyze and understand the market situations. Support and resistance helps us understand the strong and weak points in the market, where a trend can go weak or even a breakout can happen. Trading always must be done in suitable market conditions after doing the analysis else its better to keep quiet.

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  7. #2676
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    Quote Originally Posted by Abhishekwala View Post
    Yes they and the better we are versed in studying these levels or zones the better capacity we have to analyze and understand the market situations. Support and resistance helps us understand the strong and weak points in the market, where a trend can go weak or even a breakout can happen. Trading always must be done in suitable market conditions after doing the analysis else its better to keep quiet.
    support and resistance can give us idea about strong and weak points but it is also not simple, it have issue of reversal and breakout so in any strategy we can have many confusions just our patience, our best management and analysis can increase chances of profit, but still we can not sure about anything we always trade on probability so do trade and do on base of management it will secure you from big or all loss

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    Quote Originally Posted by naeem555 View Post
    support and resistance can give us idea about strong and weak points but it is also not simple, it have issue of reversal and breakout so in any strategy we can have many confusions just our patience, our best management and analysis can increase chances of profit, but still we can not sure about anything we always trade on probability so do trade and do on base of management it will secure you from big or all loss
    Yes the market will not allow things to be so simple and we have to be smart enough to decide whether a SOR level can mean reversal or breakthrough. The beauty of SOR levels is that we can use it in conjunction with the indicators or chart patterns and arrive at a stronger confirmation. SOR levels are crucial levels to watch out for because at or near these levels there can be spike in demand or supply which can impact prices.

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    Quote Originally Posted by AmitChallenger View Post
    Yes the market will not allow things to be so simple and we have to be smart enough to decide whether a SOR level can mean reversal or breakthrough. The beauty of SOR levels is that we can use it in conjunction with the indicators or chart patterns and arrive at a stronger confirmation. SOR levels are crucial levels to watch out for because at or near these levels there can be spike in demand or supply which can impact prices.
    It is known that earning in Forex is complex, we have to use our analytical skills and wisdom from experience all through trading. It is seen many chart formations forming near the support and resistance levels are more effective. Further SOR levels form an important consideration for positioning our stop loss. Many people have been losing their invested money due to their inability to do proper trading.

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  10. #2679
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    Quote Originally Posted by Abhishekwala View Post
    It is known that earning in Forex is complex, we have to use our analytical skills and wisdom from experience all through trading. It is seen many chart formations forming near the support and resistance levels are more effective. Further SOR levels form an important consideration for positioning our stop loss. Many people have been losing their invested money due to their inability to do proper trading.
    Yes lot of analytical skills has to go in so that the trade decisions that we come out with, fetch us some good profits. We also need to be aware about the fundamental factors that can effect the prices. Most newbie traders think market should follow the straight lines they draw till they know how uncertain market can be. With good knowledge of analysis and with strong experience we can really make it here.

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  11. #2680
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    Quote Originally Posted by Abhishekwala View Post
    It is known that earning in Forex is complex, we have to use our analytical skills and wisdom from experience all through trading. It is seen many chart formations forming near the support and resistance levels are more effective. Further SOR levels form an important consideration for positioning our stop loss. Many people have been losing their invested money due to their inability to do proper trading.
    earning in forex is complex but we all know in all ways there are nothing easy to earn here, when we do job we do some hard work, we learn things we apply all things and in end we people become good and still our earning can be limited, so if we are required to do some proper management and trading here then why we are hesitate from hard work, we should do some hard work then we can earn something well here

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