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Guidelines for Support and Resistance

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Guidelines for Support and Resistance in General Forex Discussion_xx
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.


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#1 - November 06, 2018, 04:00:33 PM
« Last Edit: February 02, 2019, 03:56:32 AM by Admin »

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There are no exact support resistance perfectly, this area only uses for trader to make mapping area and determine their plan trading, some trader using support and resistance to put target and stop loss, and there are many ways to determine support resistance, like as use Fibonacci retracement or using pivot point etc
#2 - February 03, 2019, 01:27:51 PM

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also good explanation about the support & resistance, hopefully it can be useful
#3 - February 03, 2019, 08:27:00 PM

  • Guidelines for Support and Resistance in General Forex Discussion_Emilio_Estevez
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very good, what you convey me is a big roun number trading system, where looking for a price area of  (​​x.x00) whether it is looking for areas of high resistant or low support, it is very good to test. thank you



#4 - February 06, 2019, 01:27:47 PM

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There are no exact support resistance perfectly, this area only uses for trader to make mapping area and determine their plan trading, some trader using support and resistance to put target and stop loss, and there are many ways to determine support resistance, like as use Fibonacci retracement or using pivot point etc
I agree with you. traders cannot rely solely on resistance support, because in truth it is only the price limit area, there must be other support for that
#5 - February 06, 2019, 01:52:39 PM

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I agree with you. traders cannot rely solely on resistance support, because in truth it is only the price limit area, there must be other support for that
Good night .. Only the forex trading business we can use various ways to be able to produce optimal profits.With support and resistance if we already know the rules, we are increasingly helped to limit the risk of loss and also the limits of profits.
#6 - February 06, 2019, 02:44:36 PM

  • Guidelines for Support and Resistance in General Forex Discussion_Brad_Pitt
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very good writing for me because I am new to trading, I can practice while studying, and learn how the accuracy of a technical support and resistance, very useful for me in the future as a tool in my trade in everyday life, I often use area break out and retracement to find the best entry, and also high prices that are low support and resistant, I often get candle sticks in high and low areas and this is really very good.


#7 - February 06, 2019, 03:46:10 PM

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Good night .. Only the forex trading business we can use various ways to be able to produce optimal profits.With support and resistance if we already know the rules, we are increasingly helped to limit the risk of loss and also the limits of profits.
how often do you use support and resistance as a reference for the upper and lower limits? are there other indicators or are you the type of naked chart?
#8 - February 06, 2019, 09:02:39 PM

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Examples of areas of support and resistance

Guidelines for Support and Resistance in General Forex Discussion_sr
#9 - February 07, 2019, 01:14:56 AM

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There are many ways to identify support and resistance points, there are many indicators that can be used to determine them. One characteristic of strong resistance or support is indeed true with a round number.

Round numbers are often the point of gold because round numbers are preferred especially technical traders and even large and institutional banks often place their hedge funds there.
#10 - February 07, 2019, 03:09:27 AM

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Examples of areas of support and resistance

Guidelines for Support and Resistance in General Forex Discussion_sr
but in reality it's not that easy, sir, and it's not that neat. in the real market we must be truly observant in seeing strong support and resistance. or what we often call key levels
#11 - February 07, 2019, 04:54:00 AM

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how often do you use support and resistance as a reference for the upper and lower limits? are there other indicators or are you the type of naked chart?
For me personally, I still use a support filter, so that we can indicate to enter and exit the market. By using the dss oscillator we can understand and be supported by support and resistance. It's easier to produce maximum profits in the market.
#12 - February 07, 2019, 04:55:57 AM

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but in reality it's not that easy, sir, and it's not that neat. in the real market we must be truly observant in seeing strong support and resistance. or what we often call key levels
It is indeed not easy to apply trading, therefore we must be willing to learn continuously and continue to practice so we can be proficient in determining this area of ​​support and resistance. because when we are accustomed to determining areas of support and resistance we will easily also determine the area where we will enter the market, so the key is experience



#13 - February 07, 2019, 05:01:49 AM

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For me personally, I still use a support filter, so that we can indicate to enter and exit the market. By using the dss oscillator we can understand and be supported by support and resistance. It's easier to produce maximum profits in the market.
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
#14 - February 07, 2019, 05:04:33 AM

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It is indeed not easy to apply trading, therefore we must be willing to learn continuously and continue to practice so we can be proficient in determining this area of ​​support and resistance. because when we are accustomed to determining areas of support and resistance we will easily also determine the area where we will enter the market, so the key is experience


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.
#15 - February 07, 2019, 05:06:44 AM

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