Why I Stopped Trading Support and Resistance

Рет қаралды 12,130

Күн бұрын

Пікірлер: 66

@Bigtrusstrading Ай бұрын

I love trading these zones and marking the last resistance as a sl with a tiny bit of profit it’s one of my favorite strategies

@LutherBarnum Ай бұрын

Pivot Points Standard is all you need along with trend lines

@HereIsmarcus Ай бұрын

Great video: I've moved away from SR too. These day I'm looking at the distance between the 200 and 21 emas, so I'd be looking at reversals if the gap is big but i also use A LOT of other indicators before entering. I'd be interested to know the algorithm behind your little signal triangles too ! Many Thanks !

@jeskg720 Ай бұрын

50 percent pullbacks on min charts when i have a daily idea. Pullbacks "zones" must be flexible, u cant trade of obvious SR

@M1J1 Ай бұрын

We can use extreme overbought or oversold rsi to mark support n resistance.

@DesireToTRADE Ай бұрын

@@M1J1 never looked into that but sounds like a cool idea!

@M1J1 Ай бұрын

@@DesireToTRADE i learned this from other trader.

@juletwells9844 Ай бұрын

Exactly…This is how my mentor taught me.

@elwoodpalmer7622 Ай бұрын

In Forex what could be useful is for intraday trading 25 pips increments and on a weekly chart 250 pips increments

@sergiobusquets6474 Ай бұрын

Trading is all about support and résistance

@MMT99-e7i Ай бұрын

can someone be consistently profitable with support and resistance ?

@sergiobusquets6474 Ай бұрын

@ yes bigger time frame support and résistance

@eddyeze1098 Ай бұрын

@@sergiobusquets6474 I agree with you Support and resistance on higher tf works

@jimbobla Ай бұрын

@@sergiobusquets6474 the thing is that confuses people is SnR appears on every timeframe at different levels - trading 1H price entry will hit a 15M major high or low and react, then people get confused and start trying to trade multiple timeframes and the confusion increases… sticking to 1 timeframe and having 3 or 4 basic rules for entry and exit makes trading much easier to

@moneymaster4812 Ай бұрын

@@MMT99-e7i nope

@smellyforestboy Ай бұрын

S/R on higher time frame --> set alert --> Alert triggers, look for a set up around the zone. Less trades

@smellyforestboy Ай бұрын

Bollinger bands are solid too, I need to look at these more, instead of guessing overextension 😊 good video

@MultiDisposition Ай бұрын

I uss renko 66 pip bricks and 133 to pick turns. And I enter on the 1 hour bar chart

@SelwynPrimeFX Ай бұрын

Could you upload again in english?

@prabhatshaw4555 Ай бұрын

@@SelwynPrimeFX English hi hai

@Roland_CheckmateChess1985 Ай бұрын

BB free course link works but after you submit your details, it does not take you to the course.

@DesireToTRADE Ай бұрын

You’ll receive an email. You have to login to go through the course.

@MeThokozani Ай бұрын

Daily timeframe gives a clear trend direction, obviously within the context where price is located and time.

@brucesmith6868 Ай бұрын

Thanks E great review

@smolshamer6072 Ай бұрын

Support and resistance is basically standard deviation of the mean in volatile consolidated ranges that you can see on the bollinger that you’re using. It definitely works for me but I’m not greedy.

@don__hector7845 29 күн бұрын

hi mate nice vids what settings are best for bb´s

@DesireToTRADE 29 күн бұрын

I use 20, 2 (standard settings)

@tommylud4324 Ай бұрын

Any chance we'd see a video about your take on market context? how you like to differentiate between ranging and trending? there's 100000 opinions and interpretations. I'm quite interested on your take.

@DesireToTRADE Ай бұрын

I think I’ve done a few videos on that before, but I’ll prepare a new one.

@rombusworkmoney22 Ай бұрын

I suspect that your win rate isn't very high trading this way. Is that correct?

@TradeFocus Ай бұрын

In my opinion if you manage risk well with RRR and if you are focusing around 2%-3% per month, support and resistance is good enough if you master it correctly

@Mr.unkoun Ай бұрын

You use the daily time frame so it makes sense .... for those who use small time frames they work

@FahadZia Ай бұрын

Close your eyes and you see Gambit from Deadpool do the trading.

@stevenc1240 Ай бұрын

To each his/her own. The greatest thing about the market is that there is no right or wrong way to trade... if it's profitable that is.

@JayV426 Ай бұрын

That's the bit I'm struggling with. So many ideas, so many strategies... Aaaaaaaaaah 😅

@aatifrehman4150 Ай бұрын

@@JayV426 thts the problem.way to much information to process and make sense of.easy to get lost

@narotomo Ай бұрын

@@JayV426 just choose 1 you feel makes sense the most. Keep at it and you'll automatically make adjustments here and there that fits you. Before you know it you'll have created your own strategy that's unique to you.

@stevenwaynephoto Ай бұрын

Awesome video. Needed this 👆🏼

@jaytechpinoychannel Ай бұрын

thanks bro

@lifeoftraderlot5647 Ай бұрын

First viewer feeling lucky

@stevenc1240 Ай бұрын

The best way is to change to a line graph... its alot easier to see without all the wicks.

@DesireToTRADE Ай бұрын

Yeah I use to do that in my early days. Definitely helps!

@NopeNope78 Ай бұрын

I like wicks. What’s wrong with having the OHLC? Line chart is fine too, but I want to know the rejected price and the distance between the H&L and their O&C

@MdMehediHasan-ks4bn Ай бұрын

Hey bro Do you want an experience designer to handle your KZbin thumbnails needs? please let me know thanks you

@myultrasound7619 Ай бұрын

If it is possible please remove the gray text in the background. It's very distracting and clutters the chart. It will look much cleaner and professional if the platform allows you to remove it.

@DesireToTRADE Ай бұрын

@@myultrasound7619 you can remove it but I like to have it on. That way I quickly know what chart I’m looking at. It’s much easier when scrolling through a watchlist.