The Ultimate Support and Resistance Techniques used by Forex Experts : Minimize losses in Forex Trades using this easy tips on support and Resistance,for dummies and expert traders,smart money concept
The Ultimate Support and Resistance Techniques: Conquer the Forex Market with Confidence
Master the art of identifying market turning points with The Ultimate Support and Resistance Techniques. This comprehensive guide equips traders of all levels, from complete beginners to seasoned experts, with the knowledge and tools to:
Unlock the secrets of support and resistance: Understand the core principles, identify key levels, and anticipate potential price reversals.
Utilize cutting-edge techniques: Master advanced concepts like Fibonacci retracements, trendlines, and chart patterns for enhanced trading accuracy.
Minimize losses and maximize gains: Implement effective risk management strategies, place precise stop-loss orders, and optimize your trading approach.
Gain the edge over other traders: Learn how to exploit the "Smart Money" concept and trade alongside market professionals.
Build a winning trading strategy: Integrate support and resistance analysis into your existing strategy or develop a new one based on these powerful techniques.
Become a confident and successful trader: Master the art of reading charts, predicting market movements, and making informed trading decisions.
This book is your key to:
Understanding market psychology: Decipher the collective behavior of market participants and anticipate their reactions to support and resistance levels.
Trading with discipline: Develop the mental fortitude to control your emotions, stick to your trading plan, and avoid costly mistakes.
Analyzing market data effectively: Learn to identify valid signals from noise and make data-driven trading decisions.
Adapting your strategy to market conditions: Master the art of adjusting your support and resistance analysis based on different market trends and volatility levels.
Consistently achieving your trading goals: Whether it's beating the market, generating consistent profits, or achieving financial freedom, this book provides the roadmap to success.
Stop relying on luck and chance. The Ultimate Support and Resistance Techniques is your ultimate weapon to conquer the forex market and achieve your trading goals.
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The Ultimate Support and Resistance Techniques used by Forex Experts : Minimize losses in Forex Trades using this easy tips on support and Resistance,for dummies and expert traders,smart money concept
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3. The Ultimate Support and
Resistance
Techniques
Used by Forex Experts
By
Johnny Mex Smith
THE SUPPORT AND RESISTANCE THEORY
In this section, we'll explain what Support and Resistance are, how they
work, and why they're so successful. A crucial component is expanding your
knowledge and comprehension of Support and Resistance. You will be more
successful in implementing the concepts taught in this course into your actual
trading if you have a deeper understanding of the theories and concepts.
Also, you will be given a variety of triggers that, when used in conjunction
4. with your understanding of Support and Resistance, can result in excellent
trade settings.
Many Forex traders employ Support and Resistance in their trading, and the
majority of traders have heard of Support and Resistance. Few people,
however, are truly aware of the potential that Support and Resistance have in
the Forex market.
With the help of the principles covered in this course, you will be able to
develop trade setups with a lot of potentials and determine when and where to
enter and exit trades.
To do this, though, you must first develop your skills in spotting Support and
Resistance levels.
THE INCIDENT WITH THE PIZZA
Think of a freshly baked pizza to help you remember the principles of
Support and Resistance.
Have you ever attempted to remove a pizza from the oven only to be burned
by a hot pan? It can take some time before you try to lift the pizza out of the
pan again because your initial instinct might be to remove your hand from the
pan. When you try to do it again, you'll probably move more slowly than you
did the first time and check to see if the pan is still too hot.
Similar to the pizza example, prices in the Forex market react to “hot” zones.
5. Take the example of the AUD/USD. In August of 2003, the pair approached
the .6340 price area only to find that it was too hot to handle:
In keeping with the metaphor of a ready pizza, the two approached it only to
burn themselves on the hot pan (in this case, the .6340 price level). The
difference in this instance, though, is that the duo felt it was too hot to handle
and kept moving away rather than finally returning to the .6340 level.
A currency pair frequently stops when it reaches a level of significant
psychological or technical significance to determine which direction it should
go in. Major trends frequently come to an end when they encounter
6. opposition from significant areas. An illustration of how the AUD/USD
broke its downward trend and changed its course to move in the opposite
direction is shown above.
The distinctive feature of Resistance zones is that, once they are breached,
they frequently serve as new Support levels for the price. The same is true of
Support zones, which frequently turn into Resistance when violated. Because
of this, the zones are described here as having both Support and Resistance.
A prime illustration is the AUD/USD exchange rate. Upon attempting to
break back above the .6340, a known Support level, it encounters opposition.
7. The Depth and Breadth of Support and Resistance
Support and Resistance areas can be seen across a wide range of markets and
time frames, not simply on a single chart or pair. An illustration of the
EUR/USD on a 4-hour chart is given below:
8. A definite area of Resistance for the pair is the 1.5820 region. There are three
instances where the couple tried to pass this level but were unsuccessful. As
this is such a potent Resistance line, you can anticipate it acting as a potent
source of Support if the pair ever manages to cross it. You can see below that
this is the case as the pair finds support at the level that was formerly a
resistance area.
9. The concept that Support and Resistance zones leave memories or imprints
on currency pairs is another crucial one. A strong Support and Resistance line
will stick with a pair for a long time, and chances are the pair will hesitate
when it comes close to it the next time, whether that be in a week or a year.
Nothing is Guaranteed in the Forex Market.
Having said that, Support and Resistance lines don't always work as intended,
which frequently confuses many Forex traders. Support and Resistance lines
do not always influence the market, and frequently, other factors might cause
the price to pass through a Support or Resistance line immediately.
10. You'll see that the price doesn't even halt for a split second in the two
situations mentioned. Instead, it passes straight through as though the
location were completely unimportant. Many Forex traders may find this
confusing since they believe that once a price reaches a Support or Resistance
area, it must rebound away from those points. Keep in mind that there are
only likely outcomes in the forex market instead of certainties.
By indicating a more likely outcome, Support and Resistance lines can
increase your chances, but they do not provide a 100% guarantee. If you want to
trade Forex profitably, you must be able to develop a strategy that will increase your chances of success
while allowing room for lost deals . Understanding how to correctly balance wins and
losses is one of the most crucial fundamentals a forex trader must acquire.
11. This necessitates an extensive understanding of methods for managing risks,
finances, systems, and other elements involved in successfully managing
your account.
What then is the Point?
Other trading triggers should be used to take full advantage of the Support
and Resistance zones. You will become familiar with two Forex trading
techniques that incorporate Support and Resistance with additional potential
trade catalysts.
Hence, if Support and Resistance do not provide us with 100% correct
predictions, what use do they serve? The secret is to avoid concentrating on
entering a trade each time a Support or Resistance zone is reached. To be
successful, you must be well-positioned to take advantage of the occasions
when Support and Resistance do prove to offer legitimate entry points, and
you must apply effective risk management to increase your profit on such
occasions. Every time the price moves close to a Support or Resistance area,
you do not need to predict how it will respond. Simply put, you need to
establish guidelines that will allow you to profit more from your profitable
trades than you lose from your unsuccessful ones.
It's crucial to keep in mind that becoming a successful trader does not require
winning every transaction. Trading entails a certain amount of loss. Yet,
being able to effectively exploit your pre-planned trading settings is essential
for becoming a successful Forex trader. By doing this, you can improve your
chances and, when combined with sound risk management, your trading
success. It's vital to remember that past performance does not guarantee
future outcomes.
It is possible to predict how a price will respond to a Support or Resistance
zone in several different ways. You will study two fundamental strategies for
trading foreign exchange in this course. When used appropriately and
meticulously followed, these techniques can provide profitable Forex trading
setups. It is crucial to exercise patience and wait for your entry formation
because these trade setups do not happen very regularly. Nonetheless, the two
12. trading methods covered in this course have the potential to be very
profitable. You should both back- and forward-test these techniques to see
how they perform for you.
APPLYING SUPPORT AND RESISTANCE
Determining Support and Resistance Zones
You must accurately identify Support and Resistance zones before
implementing the Forex trading strategies covered in this course. You will
learn the fundamentals of identifying Support and Resistance zones on your
charts in this part. Also, you will learn about several factors that affect a
Support or Resistance area's strength.
Zones of Support and Resistance are useful on charts with time frames of 15
minutes and above. Yet on higher timeframe charts, Support and Resistance
zones have more significance, just like the two trading systems covered in
this course. It might be in your best interest to practice the Forex methods
covered in this course on shorter time frame charts, like the 15- or 30-minute
time frames, as they don't offer particularly regular setups on higher
frequency charts. You may demo trade these methods in this manner and see
the trade setups develop.
It will be in your best interest to mark Support and Resistance areas on your
forex chart, starting with the monthly time frame and working your way
down to the timeframe you are currently trading. You can use a different
colour to represent each formation. In this manner, you will be aware of the
Support/Resistance region that your trading formations are close to and be
able to use it as a guide when it occurs. To emphasize, the Support and
Resistance lines become more meaningful the longer the timeframe they are
drawn on.
Six rules can be used to draw effective Support and Resistance lines:
Applying the Rules: Rules 1-3
Rule 1: Support and Resistance lines are zones, not specific points.
Anticipate that prices will change in this approximate area, but do not
13. anticipate an immediate change. These Resistance zones are typically
between 30 and 40 pip in size.
As a general rule, the Resistance of a region is greater the higher the time
frame chart that was used to form the Support/Resistance zone. The
significance of a line drawn from a 4-hour chart would therefore be greater
than that of a 15-minute chart.
Rule 2: Before entering a trade immediately following a price reversal, wait
for confirmation. You should not immediately enter a trade just because you
have set up a zone where the price is likely to revert. Wait for a sign that the
price is turning before taking a position.
To validate that price is moving away from the Resistance area, you must
have some sort of indicator or confirming signal. The Forex markets can be
utilized to confirm a reversal using a variety of indicators, signals (MACD,
RSI, CCI), and candlestick patterns . Only this part covers a handful of the
fundamental ones.
Rule 3: Instead of mentally noting where an area of Resistance is, use a
thick, solid line that can be found in almost any Forex charting package.
Experiment around with the line's position to find the one that most visually
complements the Forex chart.
Focus on adjusting the line to follow curves and trend peaks. Try out your
Forex charting software. There are occasions when a specific charting
method provides too much data. Take the following instance:
14. Now if you were to take this same chart and change it to a line chart, you
would get the following:
15. Applying the Rules: 4-6
Rule 4: Identify Support and Resistance areas. Find areas that not only
exhibit Support or Resistance but also act as both a Support and a Resistance
zone.
Look for regions that over time have exhibited both Supporting and resistant
traits. These are the best sentences because they demonstrate strength on both
sides, which strengthens the argument.
Rule 5: The most effective points of Support and Resistance have been
around for a while. Support and Resistance zones only get better, or in this
case, stronger, with age, much like a fine wine.
A Support or Resistance line typically gets stronger the longer it has been in
existence. This is especially helpful when a currency pair enters territory it
16. hasn't traded in for a while.
Moreover, longer time frames have stronger Support and Resistance lines. In
other words, a Support/Resistance zone on a daily Forex chart is more
reliable than a Support/Resistance line on a 15-minute chart.
It's crucial to keep in mind that just because a Support or Resistance line is
ancient, that doesn't necessarily mean it's inaccurate. On the other hand, the
Support and Resistance zones become more significant as the lines age.
Rule 6: Add your own rules and filters that you find helpful.
These rules are meant to aid you in identifying key areas of Support and
Resistance, but they are by no means the only rules you should or might
follow. Experiment with various time frames and Forex charts to see which
17. you find the most useful and effective. Make rules that are straightforward for
you to follow. In this manner, you can continue to use them later on in your
career as a Forex trader and easily alter them if you have new ideas.
The rules listed above can also be changed to suit your unique approach to
forex trading. There are numerous ways to put these rules into practice, but
one quality that many successful traders share is the capacity to modify what
they have been taught to suit their requirements.
If you feel that these guidelines need to be changed for your trading style to
work, make the necessary changes.
Recall that having properly arranged Support and Resistance lines and pivot
points created on your chart may be a very useful trading tool, independent of
the trading technique. You may start using your key zones with the two Forex
trading strategies you are about to learn once you have noted them on your
chart.
18. HEAD & SHOULDER TRADE
The head and shoulder formation are a commonly known technical trading
pattern. There are two lower highs and one higher high in the traditional
Head and Shoulders formation. It derives its name from the way it arranges
itself, which resembles two shoulders with a head in the midst. Theoretically,
this formation points to a likely market reversal in the forex market. Several
Forex traders could profit from the adjustments you learn in this course. Due
to its study of the head and shoulder formation and Support and Resistance
zones, it may result in more profitable trades.
Just employing Support and Resistance zones to complement the formation
could significantly increase your success in Forex trading.
Over a variety of timescales, head and shoulder formations occur. The
technique you will learn in this part works for time periods of up to 15
minutes. Please remember that the formation will work better on longer
timescales, such as the 4-hour and daily charts. To learn the approach, it
could be a good idea to practice on shorter timeframes, though, as these
trades don't happen very often. Furthermore, keep in mind that the deal will
frequently take longer to complete if you are trading on a longer-term
timeframe because you will be seeking a higher profit.
The USD/CHF 4-hour chart is shown below. It demonstrates that the pair has
encountered Resistance at the 1.2500 level.
19. Also, the 1.2500 level served as Support for the USD/CHF based on the chart
below.
20. You should therefore pay special attention in the future whenever the pair
reaches this level.
Continuing Head and Shoulder Trade.
21. The Head and Shoulder formation can be seen in the above chart. Take note
of how the pattern emerges exactly on the 1.2500 Support and Resistance
zones. Identifying the Head and Shoulder formation is one thing, but
combining it with a powerful Support and Resistance line creates a
remarkable Forex trade setup.
22. You can see that the Head and Shoulder formation propelled the price past
the Support/Resistance zone on a longer timeframe (in this example, the daily
chart), only for the price to subsequently show weakness and retreat toward
the neckline.
The price makes an upward rebound after falling back near the Resistance
area, forming the final shoulder of the Head and Shoulders formation.
You must decide when to enter the trade after determining that the Head and
Shoulders formation is in a Support and Resistance zone. In this formation,
there are two potential entries.
Entering the Head & Shoulders Trade
The first entry for the formation is to sell when a price trades below the
neckline, which in this case will also be the Support and Resistance zone.
Sell, specifically, on the opening candle that follows the candle that closed
below the formation's neckline (also known as the S/R line).
The neckline is always used as the Support and Resistance zone while
trading the Head and Shoulders pattern.
23. In this illustration, we can observe that the most recent bar closed below the
zone of Support and Resistance.
Another technique to enter the market is as follows:
You can decide to hold off on selling at the initial break-in in favour of
waiting for the market to decisively breach the neckline. In this scenario, you
should hold off on placing your trade until the price breaks the neckline a
second time. You will again enter the candle's opening that comes after the
one that shuts below the neckline. Also, you ought to set your stop-loss order
a little bit above the peak of the last shoulder formation.
This is not the only instance in which we might think about selling the
USD/CHF pair. We could alternatively watch for the couple to pass through
the neckline before retracing our steps back up to it. Here, we may start a
business.
24. Although it won't always happen, there's a high possibility the price will
bounce off the neckline when it tries to contact it again. The price has already
crossed over; however, this enables us to enter the Forex trade at the
neckline.
Remember that head and shoulders formations aren't usually level. They
might frequently be on a slope. Even with slanted head and shoulder
formations, you can still locate legitimate entry signals in conjunction with
Support and Resistance lines. Nonetheless, a lot of traders still favour using
the time-tested Head and Shoulders formation with a flat line.
Head and Shoulders Trades: Exiting
It's easy to get out of the Head and Shoulders trade. Finding the pips
difference from the neckline to the top of the head is the first step in this
Forex trading. Then, use that figure to determine what your profit goal should
be. See a prime illustration of this in the following Forex chart:
25. Please bear in mind the following rule when taking this course: Never risk
more than 5% of your account on a single trade. For instance, the maximum
you can risk with a $10,000 account is $500. According to this guideline, the
largest trade you can make with a stop-loss of 100 pips is 5 mini lots, or
$50,000. To figure this out, divide your maximum dollar loss by the number
of pips losses you can sustain if your stop-loss is reached. Usually, it is far
better to risk no more than 2% to 3% of your account on each deal.
Another example of the Head and Shoulders Trade Here is another example
using the USD/CHF.
On the 4-hour chart, you can see that the 1.1680 price exhibits Support and
Resistance zone qualities. The pair has found Resistance at this level several
times making it a valid zone.
26. Later, we see that the 1.1680 level provides Support (and more Resistance) for the USD/CHF.
27. Now we see the formation of a Head and Shoulders; however, in this case, it
is the mirror image. This is referred to as an inverted or reverse Head and
Shoulders.
On the daily chart, you should see that price has penetrated the neckline,
which is also the Support and Resistance zone in this case.
28. To initiate your trade setup, you must now wait for the price to break the
neckline. You should be good to go if you put your stop-loss slightly past the
last shoulder's low.
29. The distance from the top of the head to the neckline is 248 pips; this will be
the profit target, and you should place a take-profit order at 248 pips above
the neckline.
Just a short observation: You'll see that the neckline hasn't been touched up in
this case. Simply put, the price soon pushes through the neckline and reaches
the profit objective. You can enter the trade if you see the retouching
frequently, but occasionally you won't. You won't always meet the trade
30. criteria, as with any trade situation. Careless or impulsive trading will leave
you quickly regretting it. The key takeaway is to not chase a deal if you miss
it.
From a risk management perspective, it's critical to maximize the trade's
efficacy by adopting the right reward-to-risk ratio. Both of the strategies that
are presented in this course require this. Using a risk-to-reward calculator is
an excellent approach to establishing your ideal transaction size.
THE FIRSTY TRADE
In this part, you will discover how to use Support and Resistance levels to
identify the start of new trends and, thus, produce potentially lucrative Forex
trading opportunities . You will learn how to integrate these zones with the
31. Firsty Trade configuration in this section.
Each time period, including the daily or weekly chart as well as a 15-minute
Forex chart, responds nicely to this method. Longer-term time frames like the
4-hour and daily charts will benefit more from this approach. When you are
learning, it is a good idea to practice on shorter timeframes.
The placement of your Support and Resistance lines on the chart is the most
crucial step in setting up this trade.
Place 3 Moving Averages on your chart
Once you mark your chart with appropriate Support/Resistance hot zones you
need to add a trend indicator. In this case, it’s the Moving Averages.
For the Firsty Trade, you will have to add 3 Moving Averages. These Moving
Averages are:
60 Exponential Moving Average calculated on the close.
150 Exponential Moving Average calculated on the close.
365 Exponential Moving Average calculated on the close.
32.
33. Wait for the Moving Averages to Expand.
You just need to wait and watch for the trade setup to happen once your
Support and Resistance zones, as well as your Moving Averages, have been
set. The widening distance between the Moving Averages is the first
indicator you need to watch out for. This suggests the emergence of a new
trend and the approach of an opportunity.
There are often two ways a trend starts. One is when a market eventually
breaks out of a narrow trading range. The second occurrence is when the
Forex market reverses off a critical area and starts to move against it.
This is the first illustration, which shows a pair breaking out of a zone with a
high volume of trading. You should take note of how the Forex market is
currently trading in a narrow range, which is supported by how closely the
Moving Averages are spaced.
34.
35. The Moving Averages eventually begin to spread out after a dramatic market
movement.
This is the first indication that a trend is beginning to emerge.
The Entry Point
36. Notice the Support and Resistance zones at the 1.5950 area. Once the price
breaks below this area, the trend begins to form.
37. The Moving Averages are starting to diverge, and the price has broken
through the Support level. The price moves back to retest the Support and
Resistance areas it previously broke, but before the trend continues. You will
start practising your trade here. You can find comprehensive instructions on
how to complete this deal below.
The beauty of the Firsty Trade is that you can enter a trend after it has already
started. You can place yourself back into the trend around the top because
the price frequently tries to reverse past an old Support or Resistance zone
before continuing down. You don't have to start at the very beginning to
accomplish this.
You should place a stop-loss 10 pips above or below the peak or low of the
price bar that initiated the trade when making your trade. In the preceding example,
the stop would have been placed 10 pips above the high of the entrance bar . Having a candle
signal that Supports your entry, such as a morning star for a sell entry, is also
beneficial.
39. Draw your Support and Resistance zones.
Place 60 EMA, 150 EMA, and 365 EMA on the chart. (EMA
refers to the Exponential Moving Average.)
Wait for the Moving Averages to separate.
Wait for the price to pull back and touch one of the Moving
Averages and a Support or Resistance zone.
Enter the trade in the direction of the trend after a bullish candle
(for an uptrend) or a bearish candle (for entering a downtrend).
Place the stop-loss 10 pips above the high or low of the trigger
bar.
Take a look at another example of the First Trade:
40. Support and Resistance zones are found on the 1-hour USD/CAD chart.
As time goes on, the price Supports the validity of this Support and
Resistance zone.
The 60, 150, and 365 Exponential Moving Averages on the chart should now
be your focus. Watch for the Moving Averages to break apart; this will
indicate that a potential trend may be developing.
41.
42. The Moving Averages have now begun to split, as you can see. The price
should be pulling back right about now, and if it does, you might be able to
setup your trade.
44. The price has touched both the EMA and the Support and Resistance lines.
You are now able to enter your trade once the bar has closed.
45. As you can see, the trend is still in place and would have passed the stop-loss
you intended to set. This is a fantastic illustration of a Firsty Trade, but there
are many others. Having said that, your discipline is one of the most crucial
factors in using the Firsty Trade approach successfully. Forex market trends
do not shift frequently, especially when they are close to a Support or
Resistance zone. As a result, you will always be tempted to trade based on
46. your feelings. You must be extremely picky and ensure that your trade is put
up flawlessly from a technical standpoint if you want to be successful. This
can indicate that you won't trade frequently. It cannot be emphasized enough
how selective you must be to effectively execute the Firsty Trade, even
though trading is frequently alluring and might be more thrilling.
Exiting the Firsty Trade
It's one thing to start a trade. The hard effort you put into setting up the trade,
however, will be for nothing if you are unable to exit it profitably. The
suggested ways to end a Firsty Trade are listed below.
Exit Strategy 1: Trailing Stop
Apply a trailing stop after starting the trade, then let it run until the stop is
reached. This approach is favoured by many Forex traders since it enables
them to follow the trend until it begins to fade.
The major disadvantage is that, if a slight pullback occurs and you do not put
a trailing stop that is wide enough, you could exit a trend prematurely. On the
other hand, if you have a high trailing stop, you are essentially sacrificing a
significant chunk of the trend and will be further away from closing the trade
at its peak.
Exit Strategy 2: Previous high/low
Exiting at a price's prior high or low is a second way to end a Forex trade.
This frequently happens close to a Support or Resistance zone, and
frequently, Forex traders leave a trade due to the unpredictability in this
vicinity. This is depicted in the diagram that follows.
Exit Strategy 3: Two Profit Targets
The final approach employs two distinct targets for your trade. The first goal
you establish is to close out 50% of your positions at a certain level. You
leave the other half of the trend to continue and add a trailing stop to the
remaining position. This enables you to profit quickly while still keeping a
47. piece of your trade open and possibly capturing the remaining section of a
trend.
Below is an example of this exit strategy:
48. After the first target is achieved, you may decide to leave a trailing stop on
the remaining
position or you may move the stop-loss to breakeven on the remaining
position and see how
far it can go in your favour.
49. CONCLUSION
So there you have it—too straightforward but incredibly powerful trade
setups that any Forex trader who can effectively use discipline and patience
50. may use.
Please use these techniques as a roadmap for understanding the course's
overarching concepts. A successful trader will conduct an additional study
and look for methods to improve upon these strategies. The following are the
main ideas you ought to have learned from this course:
Regardless of the trading signal you employ, use Support and
Resistance lines to strengthen your chart analysis.
Use extreme caution when trading, and wait until your trade setup
is solid before acting. Generally, avoid trading and gambling.
Manage your risks well and acknowledge that you won't always be
right. All you have to do is slightly slant the odds in your favour.
The Head and Shoulders Trade and the Firsty Trade should be helpful to
you. These exact setups are used frequently by successful traders. Despite
how effective they are, these setups are not common. The role that patience
and discipline play in each of these tactics cannot be emphasized enough.
Also, it is crucial to emphasize that there is a significant risk involved in
trading forex. Never trade with money that you can't afford to lose.
As previously indicated, Support and Resistance are often used in other
successful trading situations. Compared to the Firsty Trade and the Head and
Shoulders Trade, several of these trading strategies and trade settings happen
far more frequently. For instance, compared to the Head and Shoulders trade
configuration, the Wammy and Moolah transactions happen far more
frequently. Also, you will discover a wealth of useful knowledge about Forex
trading. Here is just a sample:
Get a thorough understanding of the method for adding Support
and Resistance lines to your chart.
Get knowledge of important risk management principles that may
be used with any automated trading system or trading strategy.
Learn how to use candlestick formations, Support/Resistance,
trend lines, and pivot points to create profitable trading
opportunities.
Check out our extensive section on trading psychology and all of
our other features.