+ Reply to Thread
Page 143 of 167 FirstFirst ... 43 93 133 141 142 143 144 145 153 ... LastLast
Results 1,421 to 1,430 of 1661

Thread: Why does previous support become resistance and vice versa?

  1. #241
    Banned Discordance is on a distinguished road Discordance's Avatar
    Join Date
    Apr 2012
    Location
    "Black" second floor
    Posts
    2,035
    Thanks
    3
    Thanked 31 Times in 28 Posts
    because the price will not move always down or always up there must be every moment is a moment where the retracement, and therefore we have to follow the trend of being swept away, and familiarize incoming moment while retrace

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. #240
    Senior Member hamza12 is on a distinguished road hamza12's Avatar
    Join Date
    Jul 2012
    Posts
    346
    Thanks
    4
    Thanked 16 Times in 12 Posts
    SubscribeSubscribe
    subscribed 0
    oh yes well.. i am also agree to you that previous support when break it becomes actually resistance many times but not all the time and when resistance break then it may be a support which is good.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  3. #239
    Member esif is on a distinguished road esif's Avatar
    Join Date
    Jan 2012
    Posts
    509
    Thanks
    6
    Thanked 31 Times in 23 Posts
    SubscribeSubscribe
    subscribed 0
    Quote Originally Posted by pivot-trader View Post
    Why does previous support become resistance and vice versa?
    Previous support become resistance when broken and previous resistance become support when broker, this is the rules of the forex technical studies, because it represents a level, if once broken still valid with price action.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  4. #238
    Senior Member laxman is an unknown quantity at this point laxman's Avatar
    Join Date
    Aug 2012
    Posts
    503
    Thanks
    0
    Thanked 8 Times in 8 Posts
    SubscribeSubscribe
    subscribed 0
    I think, if any currency pair crosses any particular support or resistance, then it will automatically become its opposite.
    For example, resistance value will become support value and support value will become resistance value.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #237
    Senior Member gujarati is an unknown quantity at this point gujarati's Avatar
    Join Date
    Aug 2012
    Posts
    459
    Thanks
    0
    Thanked 8 Times in 8 Posts
    SubscribeSubscribe
    subscribed 0
    Maybe, all traders have knew this statement, I think. Support and resistance are the levels where new traders enter the market in the opposite direction. A support is broken when the expected traders do not enter at that point and vice verse. So do a resistance.

    ---------- Post added at 01:12 PM ---------- Previous post was at 01:00 PM ----------

    Personally, I want to say its depend on you what you choose and in which firm you want trade if you choose someone and you not satisfy than you change you broker choose another and take good experience with this one.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. #236
    Senior Member mark is an unknown quantity at this point mark's Avatar
    Join Date
    Aug 2012
    Location
    India
    Posts
    154
    Thanks
    6
    Thanked 4 Times in 4 Posts
    SubscribeSubscribe
    subscribed 0
    Quote Originally Posted by pivot-trader View Post
    Why does when a resistance get broken it becomes a new support ? I see people open trades below and above these levels , which is quite common. But what is the reason?
    I dont have any solid explaination or knowledge about it. but in my view sentiment of the traders is a big factor in this case. generally traders tend to believe that when a resistance get broken it becomes a new support or vice versa. And since most of the traders a re believing in it they open or close deals according to it and the market also behaves in the same way most of the time.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  7. #235
    Banned enter is on a distinguished road enter's Avatar
    Join Date
    Mar 2012
    Posts
    2,073
    Thanks
    0
    Thanked 18 Times in 17 Posts
    the market is also changing and changing again depend on the market movement, so i think that the support and the resistance is also changing day by day too and possible that the support being resistance too

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #234
    Banned kashifrehman has a spectacular aura about kashifrehman has a spectacular aura about kashifrehman has a spectacular aura about kashifrehman's Avatar
    Join Date
    Feb 2012
    Location
    Dubai
    Posts
    528
    Thanks
    4
    Thanked 253 Times in 113 Posts
    Quote Originally Posted by mr forex View Post
    we alos know that support and resisitnce are most important for trading
    time if any tradr realise it so he can never fall in lose.
    Market always did not obey support and resistance many time when some big news release at that time market just through behind the support and resistance levels at that time if we follow to trade with support and resistence we may remain fail in all regards.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  9. #233
    Member younesjoe will become famous soon enough younesjoe's Avatar
    Join Date
    Apr 2012
    Posts
    217
    Thanks
    1
    Thanked 72 Times in 14 Posts
    SubscribeSubscribe
    subscribed 0
    i think it's a emotion of a market ,in all the time support become a resistance and a contrary it's true , for this we can take a good position and have a profit , it's a good place when we can add a orther

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  10. #232
    Senior Member prem73 is an unknown quantity at this point prem73's Avatar
    Join Date
    Jul 2012
    Posts
    144
    Thanks
    0
    Thanked 2 Times in 2 Posts
    SubscribeSubscribe
    subscribed 0
    i thank the support and great at matter. it is great at all the best. why does when a resistane get broken it becomes a new support. i see people open takes below and and above thes levels is great.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


+ Reply to Thread
Page 143 of 167 FirstFirst ... 43 93 133 141 142 143 144 145 153 ... LastLast

Subscribe to this Thread (10)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Currently Active UsersCurrently Active Users

There are currently users online. members and guests

Forex Forum India | Forex Community Place Statistics Forex Forum India Statistics

Most users ever online was .

Welcome to our newest member,

Threads:

Posts:

Member: