How to draw the resistance and support line on candle chart.

[dareking]

Bhai aapki ye post dekhne se lagta hai, ki aap technical mein kafi jayda mahir hai, aur ye achchi baat bhi hai, kyun ki ek trader ko technical ki achchi knowledge ka hona bahut hota hai, aapne dusre trader ko bhi apna knowledge share kiya hai.

[Roddexx]

Oh, it's easy to understand. Indeed by finding the point of resistance and support equal to find the point that can generate profit. with the determination of the point of support that we can BUY appropriately.

[RifatMishuk]

Commonly I favor to employ a collection chart for you to bring support/resistance lines rather than the candlestick one. I personally use candlesticks pertaining to different signals although When i locate that one could view highs/lows a lot more accurately on a collection chart.

[Forexer]

There is no fixed rules that we have to use candle's wick for our top & bottom, instead i recommend to use combination of it.. this is because there are alot of traders out there that only use LINE GRAPH which shows only the OPEN & CLOSE of the price not the wick.

[yoddutfx]

I think if ya like it for decision support and resistance levels, but also the incorporation of a system of supply and demand, so that it is easier to analyze and define our future plans ..

[usmanraza]

forex market ko smjyna her ek ka bus ki bate nahi ha bohat sa kam log ha jo forex ko smj payte ha aur wo he log
forex sa earn karte ha ma be abi market ko theak trah sa smj nahi payta ho but ma is ma mahnat kar raha ho

[yusmandono]

come listen to input and explanation of the masters of the above ..
good strategy for us the nubie ..
I think this is very helpful for nubie like me ..
regards profit ..

[pro2]

Yes to me support and resistance based trading is the best strategy.I prefer to use this rather than other technique.I generally use fibo to identify support and resistance.But never try to draw support and resistance manually.Neverthless thanks for sharing your strategy.

[Badawi]

there are too many resistance and support lines types . the price itself form a resistance and support lines, also the trend lines are working as a strong RS lines more stronger than the classic RS . the pivot point and the Fibonacci lines also can work ver well. the key point here is that the RS levels are not located withing 1 pips, it is located withing a range of pips.

[jonyrhm]

Begin with opening a forex trading account at a prestigious company. FX online trading companies normally differ from stock trading companies. It is not possible to trade forex on a share trading account. You will require a least amount of cash to open a currency trading account. The minimum is generally about five hundred dollars, but every company has their own policy. Never commence live trading until you have completed a forex education program and practiced trading for no less than three months.