who can trade with support and resistance area???
Sep 09, 2015 at 13:45
Mitglied seit Sep 12, 2015
1948 Posts
Sep 13, 2015 at 05:57
Axel92 posted:
I interesting to trade with S/R and price action analysis without any indicator!!!
are there people who are already using this strategy?? can you tell me how do you trade??
Be careful S/R areas are fishing areas for brokers and banks,retail stop loss areas,look at the volume around these areas.
"They mistook leverage with genius".
Mitglied seit Jun 05, 2014
35 Posts
Sep 13, 2015 at 06:03
Friendly reminder: You never trade on a pair base on its own support resistance, look for its cross pairs and correlation pairs as well.
It's all in the mindset.
Mitglied seit Sep 12, 2015
1948 Posts
Sep 15, 2015 at 09:49
I use a few different strategy's
Gap play
breakouts
correlations
handle
crocodile
trend catcher
fishing for stops
Gap play
breakouts
correlations
handle
crocodile
trend catcher
fishing for stops
"They mistook leverage with genius".
Mitglied seit Oct 21, 2014
19 Posts
Sep 16, 2015 at 06:02
I've been trading off the basic support and resistance levels using ABCD patterns and Fibonacci without any other indicators for the last 6 months and it's completely changed my strategy for the better (LOL, indicators are too confusing to me anyway). Just make sure you use proper risk:reward management and set realistic target entries & exits for yourself.
Good luck in your trading luv,
Ciao 😎
Good luck in your trading luv,
Ciao 😎
There is no such thing as failure, just valuable experiences.
Mitglied seit Sep 12, 2015
1948 Posts
Sep 16, 2015 at 13:00
naturallycurly82 posted:
I've been trading off the basic support and resistance levels using ABCD patterns and Fibonacci without any other indicators for the last 6 months and it's completely changed my strategy for the better (LOL, indicators are too confusing to me anyway). Just make sure you use proper risk:reward management and set realistic target entries & exits for yourself.
Good luck in your trading luv,
Hi curly,I'm glad it's working out for you,lol yeah they ment to confuse,so people will make mistakes,plus I know that the profession traders watch indicators to play the opposite trade and look at web sites to see what way retail traders are thinking.
Thanks for the advice,Its nice to get after all these years in the industry,lol.
"They mistook leverage with genius".
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