i think is here lot of good and bad indicators and you must tested all theese indicator when you want earn lot of money in the future and you must have lot of experience with this indicator because you can lose all money which you have in account balance
If you want to know about industry pattern then going regular is very excellent. It is operating for me i use two going regular. I use 50 EMA and 200 EMA. When 50 EMA above 200 EMA then i think pattern is up. When 200 EMA above 50 EMA then i think pattern is down. I use this two going regular in every data.
when i started trading i usually trade using moving average with stoch and ...support resistence is good but i never used it for trading because this two indicator is enough for me to make good earning in scalping
i think the support and resistance in Forex work trading is the highest highs and the smallest lows that exists in any forex twain. It is a disk that helps us to gain acceptable substance points and move points in forex change trading.
its very good thread share i am also not very good about the support and resistance, and moving average but i am learning the subject and i am now see all other member share post and i am many thing earn here, so many many thank you for the nice share and all other member for nice explain the subject.
There are lot of support levels and the resistance levels on the charts but you first have to decide whether which chart you have to use and what type of trading you have to trade. Then you can easily draw major support and resistance levels on the chart
support and resistent can be calculated, you can use the formula to looking for the pivot point first and will be easier to calculate the S n R point, for the moving averaging I think its about the pivot point which happened on the smaller time frame.
Support is a level. In this level price is awaited to go up again and again. otherwise resistance is price level.
Some use them as indicators of positions taken in crosses with the course or another moving average. Moving averages can usually determine trends of short-term and medium term. When market price go up and make pull back, the highest all head are resistance and all neckline is support. Support was the turning point of the price movement in which the price goes down and at that point that the possibility of price movements will turn around, while the resistance is the opposite of support.
when i decide that trading with my account thats time i am following every time frame condition.for this reason i am going to many site and follow there technical analysis and take my execution.here is some website they are create perfect analysis about support and ressistance.such as forex street,daily fx.