Forex Zone - Forex Forum
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Guidelines for Support and Resistance

Guidelines for Support and Resistance

Discussion started on General Forex Discussion

Print
Pages: 1 [2] 3 4 ... 50   Go Down

aizafx

  • Hero Member
  • Posts: 2224
  • Points: 7991
  • Likes Received: 140
  • Reputation: +6/-1
Quote from: Rendy94 on February 07, 2019, 05:04:33 AM
that's right. sometimes we also need other indicators to believe that this signal is really accurate. like rsi or stochastic. sometimes I'm also not sure even though my analysis is correct
Using indicator indeed for some trader really help them to analyze the market and then make decision trading, with using indicator hence support and resistance area can be used for target and stop loss and signal confirmation can use indicator, but however indicator only help tool, there are no perfect indicator and many indicator as repaint, so we need risk management 
#16 - February 07, 2019, 06:28:25 AM

Rendy94

  • Full Member
  • Posts: 151
  • Points: 0
  • Likes Received: 57
  • Reputation: +0/-0
Quote from: aizafx on February 07, 2019, 06:28:25 AM
Using indicator indeed for some trader really help them to analyze the market and then make decision trading, with using indicator hence support and resistance area can be used for target and stop loss and signal confirmation can use indicator, but however indicator only help tool, there are no perfect indicator and many indicator as repaint, so we need risk management
right. for me the indicator is only to strengthen the belief in analyzing it, no need to overuse the indicators, because what we know is too many indicators will also make us confused
#17 - February 07, 2019, 06:44:13 AM

Fxortrader

  • Hero Member
  • Posts: 1215
  • Points: 0
  • Likes Received: 566
  • Reputation: +15/-3
Quote from: best forex on November 06, 2018, 04:00:33 PM
Guidelines for Support and Resistance





Overhead resistance Overhead resistance occurs when selling pressure overcomes buying demand, sending price lower—at least for a time.



Support Underlying support occurs when buying demand overcomes selling pressure, putting a temporary floor beneath the stock



Support areas can act as resistance and resistance areas can act as support.



Horizontal consolidation regions A horizontal consolidation region is an area of horizontal price movement that has lots of price overlap with a flat bottom, flat top, or both. When price bumps against it, the forex pairs often reverses direction or stalls. Long and tight HCRs (lots of price overlap) work better than do short or loose ones (meandering price).



Do not place orders to buy and sell, or place stop loss orders  at numbers ending in zero. That is where everyone else will place their trading orders , perhaps triggering unusual price moves



Use the next closest round number (a number ending with a zero) to guess where price is going to stall or reverse, even if the forex  has never climbed that high



Objects that show support will often show resistance in the future and vice versa.



Get best free forex signals via email, website, SMS, WhatsApp
best forex signals presents free forex trading signals live with Entry, Take Profit and Stop Levels. Example of signals from
BEST forex signals gold buy @ 1192 tp @ 1206 sl @ 1185. Coverage of Gold , EUR USD , GBP USD , GBP JPY, USD JPY …
how do you determine support and resistance, then what TF do you use as this SR determinant.
#18 - February 07, 2019, 07:37:30 AM

zanurreload

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
Quote from: best forex on November 06, 2018, 04:00:33 PM
Guidelines for Support and Resistance





Overhead resistance Overhead resistance occurs when selling pressure overcomes buying demand, sending price lower—at least for a time.



Support Underlying support occurs when buying demand overcomes selling pressure, putting a temporary floor beneath the stock



Support areas can act as resistance and resistance areas can act as support.



Horizontal consolidation regions A horizontal consolidation region is an area of horizontal price movement that has lots of price overlap with a flat bottom, flat top, or both. When price bumps against it, the forex pairs often reverses direction or stalls. Long and tight HCRs (lots of price overlap) work better than do short or loose ones (meandering price).



Do not place orders to buy and sell, or place stop loss orders  at numbers ending in zero. That is where everyone else will place their trading orders , perhaps triggering unusual price moves



Use the next closest round number (a number ending with a zero) to guess where price is going to stall or reverse, even if the forex  has never climbed that high



Objects that show support will often show resistance in the future and vice versa.



Get best free forex signals via email, website, SMS, WhatsApp
best forex signals presents free forex trading signals live with Entry, Take Profit and Stop Levels. Example of signals from
BEST forex signals gold buy @ 1192 tp @ 1206 sl @ 1185. Coverage of Gold , EUR USD , GBP USD , GBP JPY, USD JPY …
I think it would be nice if you accompanied your thread with images so that we more easily understood what you explained.
#19 - February 07, 2019, 07:44:11 AM

Tahajud

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0
Quote from: Rendy94 on February 07, 2019, 05:06:44 AM
yes right, experience to try and experience to dare to fail. therefore I often backtest on account demos and rarely open positions when market conditions don't support.


I myself usually use a body to body candle size to determine the area of support and resistance, so that when combined with a horizontal line it will form an area. but there are also those who use shadow candles to determine the area of support and resistance
#20 - February 07, 2019, 08:55:04 AM

nawwa thalorenz

  • Full Member
  • Posts: 177
  • Points: 0
  • Likes Received: 19
  • Reputation: +2/-0
Quote from: Tahajud on February 07, 2019, 08:55:04 AM

I myself usually use a body to body candle size to determine the area of support and resistance, so that when combined with a horizontal line it will form an area. but there are also those who use shadow candles to determine the area of support and resistance
interesting how you determine support and resistance as you say, I use two parts to determine prices in the area of support and resistance, depending on the needs of the form of candle sticks available in the future which together with the previous price, my habit of using calculations from the candle body if the currency is related to usd, but that is related to JPY i am use shadow.


#21 - February 07, 2019, 09:23:57 AM

Rendy94

  • Full Member
  • Posts: 151
  • Points: 0
  • Likes Received: 57
  • Reputation: +0/-0
Quote from: Tahajud on February 07, 2019, 08:55:04 AM

I myself usually use a body to body candle size to determine the area of support and resistance, so that when combined with a horizontal line it will form an area. but there are also those who use shadow candles to determine the area of support and resistance
what is the purpose of the body to the body sir? can you explain? so that we can all know about it and make this discussion quality
#22 - February 07, 2019, 09:34:10 AM

Tahajud

  • Hero Member
  • Posts: 1254
  • Points: 102
  • Likes Received: 175
  • Reputation: +70/-0
Quote from: nawwa thalorenz on February 07, 2019, 09:23:57 AM
interesting how you determine support and resistance as you say, I use two parts to determine prices in the area of support and resistance, depending on the needs of the form of candle sticks available in the future which together with the previous price, my habit of using calculations from the candle body if the currency is related to usd, but that is related to JPY i am use shadow.
As this example determines the area of ​​support and resistance by connecting the body to body candlestick

Guidelines for Support and Resistance in General Forex Discussion_Untitled



#23 - February 08, 2019, 01:49:57 PM

nawwa thalorenz

  • Full Member
  • Posts: 177
  • Points: 0
  • Likes Received: 19
  • Reputation: +2/-0
Quote from: Tahajud on February 08, 2019, 01:49:57 PM
As this example determines the area of ​​support and resistance by connecting the body to body candlestick


Guidelines for Support and Resistance in General Forex Discussion_Untitled
very precise, just add a horizontal line to make it clearer about high and low support prices, from what you indicate is also clear there are support areas become resistant and resistant to become support, good.thank you.


#24 - February 13, 2019, 03:25:21 PM

Qidarul

  • Jr. Member
  • Posts: 58
  • Points: 0
  • Likes Received: 4
  • Reputation: +0/-0
Quote from: best forex on November 06, 2018, 04:00:33 PM
Guidelines for Support and Resistance





Overhead resistance Overhead resistance occurs when selling pressure overcomes buying demand, sending price lower—at least for a time.



Support Underlying support occurs when buying demand overcomes selling pressure, putting a temporary floor beneath the stock



Support areas can act as resistance and resistance areas can act as support.



Horizontal consolidation regions A horizontal consolidation region is an area of horizontal price movement that has lots of price overlap with a flat bottom, flat top, or both. When price bumps against it, the forex pairs often reverses direction or stalls. Long and tight HCRs (lots of price overlap) work better than do short or loose ones (meandering price).



Do not place orders to buy and sell, or place stop loss orders  at numbers ending in zero. That is where everyone else will place their trading orders , perhaps triggering unusual price moves



Use the next closest round number (a number ending with a zero) to guess where price is going to stall or reverse, even if the forex  has never climbed that high



Objects that show support will often show resistance in the future and vice versa.



Get best free forex signals via email, website, SMS, WhatsApp
best forex signals presents free forex trading signals live with Entry, Take Profit and Stop Levels. Example of signals from
BEST forex signals gold buy @ 1192 tp @ 1206 sl @ 1185. Coverage of Gold , EUR USD , GBP USD , GBP JPY, USD JPY …
Actually  resistance and support are part of technical analysis through which you find market expectation and movement. you can find this support and resistance through calculation or you can use indicator for automatically assign support and resistance.
#25 - February 16, 2019, 08:38:19 AM

antdmx

  • Newbie
  • Posts: 40
  • Points: 0
  • Likes Received: 14
  • Reputation: +0/-2
This is a good explainations about support and resistance. It's a basic for traders to find out when too much buy or too much sell on a currency pair.
Support and resistance will always change to find it's balance according to market conditions. That's why now support can be next resistance and vice versa.
#26 - February 16, 2019, 09:14:57 AM

Luky andriya

  • Full Member
  • Posts: 143
  • Points: 0
  • Likes Received: 17
  • Reputation: +0/-0
Quote from: best forex on November 06, 2018, 04:00:33 PM
Guidelines for Support and Resistance


good explanation about this sir. but I don't understand that can you explain more clearly about the rules? or about how to use it?
#27 - February 16, 2019, 10:13:08 AM
« Last Edit: September 03, 2019, 07:34:57 PM by Mikser »

abg tua

  • Newbie
  • Posts: 10
  • Points: 0
  • Likes Received: 0
  • Reputation: +0/-0
quite an interesting guide and I made it easy to determine resistance support.
#28 - October 11, 2019, 03:08:50 AM

artasu

  • Hero Member
  • Posts: 1046
  • Points: 4121
  • Likes Received: 47
  • Reputation: +0/-0
support and resistance is many kinds because by using resistant support then you no longer need to add with other indicators so my advice is when using this most easily mark support at low and resistant at high
#29 - July 30, 2021, 05:04:08 PM

Razor

  • Hero Member
  • Posts: 1055
  • Points: 607
  • Likes Received: 5
  • Reputation: +0/-7
Trading using the support and resistance area in my opinion is the basis for a trader, because the price will move by being guided by both things
#30 - August 01, 2021, 03:04:49 AM
Print
Pages: 1 [2] 3 4 ... 50   Go Up
  1. Forex Zone - Forex Forum
  2. General Category
  3. General Forex Discussion
  4. Guidelines for Support and Resistance

Members:

0 Members and 4 Guests are viewing this topic.


Guidelines for Support and Resistance in General Forex Discussion_collapse Refresh Activity Stream (It's automatically updated) Open Activity Stream in Popup Activity: