Trading tips

[Stellathomas]

Support and Resistance is the basis of most technical analysis chart patterns. Yes you really do need to be able to recognize it if you want a low risk, sensible way to trade based on what you see in the charts. Areas of price congestion that create many well known chart formations are nothing more than levels of Support or Resistance. In fact, just about every technical trading system or method uses Support and Resistance, whether their authors admit it or not!
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Stellathomas

 

[sdpbroker]

Re

Hey thanks for sharing the above information, its really good.

 

[SuperScalper]

knowing the support and resistance lines is one thing and use them to make money is another

 

[bbmac]

knowing the support and resistance lines is one thing and use them to make money is another

The market will give you clues as to how it intends to react at potential support/resistance (ie break or bounce)...the longer the time frame you choose to use the greater the likely clue in respect of price action at such a level. You can add in indicator techniques such as oscillator divergence/extremes etc to further assist in determining the likley reaction, and these are particularly useful on the sub 1hr t/f's where arguably price action can be less reliable.

 

[vinicius]

Buy low sell high..

 

[rathcoole_exile]

wow, call me cynical, but 2 new posters pop up, both from North Carolina, the one championing the other.

just waiting for the sales pitch boys ..........

 

[rathcoole_exile]

Buy low sell high..

i like to buy high and sell higher &

sell low and sell lower

but I guess you never heard the phrase "breakout" ?

 

[vinicius]

i like to buy high and sell higher &

sell low and sell lower

but I guess you never heard the phrase "breakout" ?

Breakout is when the price comes back from the resistence isnt it Master?

 

[rathcoole_exile]

no

 

[N Rothschild]

lol

 

[SuperScalper]

Breakout is when the price comes back from the resistence isnt it Master?

 

[charmgenie]

.

I totally agree

knowing the support and resistance lines is one thing and use them to make money is another

 

[new_trader]

Support and Resistance is the basis of most technical analysis chart patterns. Yes you really do need to be able to recognize it if you want a low risk, sensible way to trade based on what you see in the charts. Areas of price congestion that create many well known chart formations are nothing more than levels of Support or Resistance. In fact, just about every technical trading system or method uses Support and Resistance, whether their authors admit it or not!
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Stellathomas

Mainstream kindergarten stuff

 

[kwickwool]

lol, must have a degree in "stating the bleeding obvious", only kidding m8, u put posts on like this and they get ripped apart

 

[kamelideen]

want to start trading

Hi,

I am a newbie i like to start trading on betonthe markets, any ideas odf implementing a trade plan softwares,automation e.t.c

Warm regards
Kamelideen

 

[jeffsmith]

Well using stop loss smartly is a good trading tools and according to me fundamentally the stop loss mitigates a convinced gauge of peril while maximizing your venture returns. Anything that mitigates speculation risk at the same time as allowing a depositor to create potentially explosive returns is a huge thing.