This method is powerful if used intelligently, professionally and with time you will find yourself compensated and gained a lot as they have gained sufficient experience withQuote:
Originally Posted by realman
And perhaps lose some in the beginning because of poor Achtia points of support and resistance, but with time a person has overcome many
Technical analysis using charting software that (when you learn how to identify what you are seeing) depicts resistance levels (how high it will likely rise to) or support levels (how low it will likely stop dropping at). This is helpful for determining whether to rollover the trade for a bigger forecasted profit the next day. However, a rollover does have additional clearinghouse fees attached. Quick in-and-out trades are closed intentionally with the goal of a smaller profit gain (such as a 4 pip profit).
those are the indicators of the forex and in thhese we can got much use full infor mation about thge trend of market and thoise were oin the forex softawre and if thy were not then we can find then in to internetQuote:
Originally Posted by tibasingh
very easy for that you have to see where the market is going... so when it goes up the last up level is now resistance level and the last previous level is our support.... and moving average are indicators most of the time use for finding the trend... as i always use them which is good for me till now
200 SMA as support/resistance : This strategy is for when you wish to generate an alert when the price pierces then rebounds back from the 200 Simple Moving Average (SMA). I have included a 10 period SMA as a filter so we can have a directional bias. If the 10 period SMA is above the 200 SMA, a buy signal is generated when the price retreats pierces the 200SMA, then rebounds and closes back above the 200 SMA.
The reverse is true for a sellshort position. If the 10 period SMA is below the 200 SMA, a sellshort is generated when the price penetrates the 200SMA, then falls back down and closes below the 200 SMA.
Some people just trade using the sma and macd and making good profits. So the best thing to do is to concentrate on 2 - 3 indicators and work out with it for a considerable period so as to know the pros and cons of the indicator and then try another 2-3 sets of indicator. Its a proper ways to learn instead of hopping around from one indicators to another searching for the holy grail.
individuals use many kinds of support and resistance. superb data brother. support and resistence levels are too one kinds of trading strategy as a result of its helps in putting order at this 2 levels and likewise illuminate read of market direction... and sometimes this can be terribly straightforward to comprehend. sensible job.
suport was the level of the cost activity in which the cost goes down and at that factor that the likelihood of cost motions will convert around, while the level of resistance is the other of suport....
Support is an important terminology in Forex trading and it is the point on the Chart where prices that is going down will or is likely to reverse and start trading up again while resistance is the opposite and there are many tools for doing that like pivot, fibonacci among others
The support and resistance lines are the strong pivot lines which is more accurate to use in trading as far as I am concerned for now. The support are the level that most if the market reaches such levels of support while falling, there is every possibility that the trend will change and if it is the resistance it is a kind of line that determines where the market may change trends.