Download film twilight saga breaking dawn 1 720p indo Treat Support and Resistance as areas on your chart, not lines. Thus, you trade the breakout but only to realize its a false breakout. Lets move on Truth 2: Support and Resistance are areas on your chart (and not lines) This is a mistake Im guilty of.Īnd you miss the trade because you were waiting for the market to test your exact SR level.Īn example: Price overshoot and you assume SR is broken This happens when the market breaks your SR level and you assume its broken. Lower highs into Support usually results in a breakdown ( descending triangle ). Imagine this: If the market keeps re-testing Support, these orders will eventually be filled.Īnd when all the orders are filled, whos left to buy Heres what I mean Pro Tip: Higher lows into Resistance usually results in a breakout ( ascending triangle ). The buying pressure could be from Institutions, banks, or smart money that trades in large orders. Heres why The market reverses at Support because there is buying pressure to push the price higher. Specifically, heres what youll learn: The 5 things about Support and Resistance (losing traders are not aware of) How to find favorable risk to reward trades How to tell when Support or Resistance will break, so you dont enter trades at the wrong time A Support and Resistance trading strategy that lets you profit from losing traders Are you ready Then lets get started.īut the truth is The more times Support or Resistance is tested, the weaker it becomes. After reading this trading guide, youll never make these mistakes again. If you follow the theories above, it would cost you money in the long run.īecause these are the biggest lies about Support and Resistance trading strategy.Īnd its not your fault because these are stuff thats being taught in trading books and courses.īut dont worry. He is the most followed trader in Singapore with more than 100,000 traders reading his blog every month. Thus, Support and Resistance are areas on your chart, not lines. Plot( C, Close, ParamColor(Color, colorDefault ), styleNoTitle ParamStyle(Style) GetPriceStyle() ).
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