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

  1. #101
    Member ezincenter is on a distinguished road ezincenter's Avatar
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    In my trading style I do not use the support and resistance, may be I am not good enough trade with them, this technic did not help me to make profits so I just leave them all and now I am using only the moving averages.

    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. #100
    Senior Member newentry is a splendid one to behold newentry is a splendid one to behold newentry is a splendid one to behold newentry is a splendid one to behold newentry is a splendid one to behold newentry is a splendid one to behold newentry is a splendid one to behold newentry's Avatar
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    to think about it, i just make simple my trading .. with only use some indicators or read the time frames and news for sometimes, i have to identify the entry and exit ppoint and then put the order in there after i am sure for it
    it is normal, and it is the trend, we know that the trend move with random
    do the best we can

  3. #99
    Junior Member neworder555 is an unknown quantity at this point neworder555's Avatar
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    because resistances and supports are a very strong levels
    and when we opening our position from these levels and the pairs going against our position and changing it,s direction
    it will must return to these levels at last or near from it which help us closed our position with few losses
    that is why many of traders using this levels in our trading

    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. #98
    Senior Member atif58 is a jewel in the rough atif58 is a jewel in the rough atif58 is a jewel in the rough atif58 is a jewel in the rough atif58's Avatar
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    Support and resistance levels are hard to break if plot properly. They are those levels where consolidation in market occurs and price movement around these levels is usually ranging. If any support or a resistance point breaks it becomes the reflection. The behavior of this level remains same ( hard to break ) but the direction is opposite.

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  5. #97
    Member naziafarhan will become famous soon enough naziafarhan will become famous soon enough naziafarhan's Avatar
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    Support and resistances are the most important thing to understand the basics of market. Support become resistance when it is broken and vice versa. It happens because once price have bounced from that level and price obeys these levels.

    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. #96
    Member donofforex will become famous soon enough donofforex's Avatar
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    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?
    yar mugh ko to wese kafi arsa ho gaya ha forex trading main par main ne es main abhi tak ye nahi samgha k suppouts or risitence kiya hoti hane in ka kiya asar ha hamrii trading par or en ko ham kis taran chack kar saktey hane ager app ko en k barey main sahi pata ho to zaror share kijey ga ham se

    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. #95
    Senior Member patil will become famous soon enough patil's Avatar
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    although this unwritten rules become a common law between the traders, but i still not trust it 100%, cause sometimes i still see that even a resistance being broke but it can be a new start of retracing actions, i know this kind of incident not happened too often but the reason i tell this because i want to warn people that it will still need our analysis and not just blindly believe what chart present to us.

    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. #94
    Banned rajesh will become famous soon enough rajesh will become famous soon enough rajesh's Avatar
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    Heiken Ashi candlesticks are actually an indicator and not a type of chart. You need to how studied the underlying pricinples of the Heiken Ashi indicator before you will be able to profit from it. Do not think that Heiken Ashi is a type of chart like Line, Bar and Candlesticks chart.

    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. #93
    Banned netra will become famous soon enough netra will become famous soon enough netra's Avatar
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    yes, right you are. this is the basics of support and resistance. you will find, history of forex trading it always works based on a support and resistance.happy trading

    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. #92
    Member tajdarbet will become famous soon enough tajdarbet will become famous soon enough tajdarbet's Avatar
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    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?
    sory dear main to newbes houn forex trading main or main samghta he nahi houn en suports or resiistnce k chaker ko ye kiya hotey hane mugh ko nahi pata main to bas manual tradin karta houn or bas apna profit kamata houn

    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.


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