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How has it been working for you so far. Hello, I need information on the strategist indicator. When it shows a white scissors like image, what does this mean? Thanks for the information. Your email address will not be published. MetaTrader Trading Indicator. BUY Rules. SELL Rules.
Leave a Reply Cancel reply Your email address will not be published. Leave this field empty. Hope this lesson will be continuously for the future….. Thanks a million pips! I am using upthrust and springs methods plus sma 20 and 50 sma during trending period. Quite similar to your idea in SR. Can you please post about moving averages, RSI Levels and others also to find out better entry and exit points. Hi, Thank for sharing. May I know how do we define how wide the Support and Resistance to be?
Absolutely true! Support and resistance are not a single line. Thanks you! Always excited to watch your every lesson. Thank you again for an awesome article. I have to work on it though. An error occurred during a connection to el2. The page you are trying to view cannot be shown because the authenticity of the received data could not be verified.
Please contact the website owners to inform them of this problem. HI Rayner,I cant thank you enough for the information you have given out free like this!!! God bless you. I have learned from your u tube videos about how to trade with the build up. Today I learned how to place the SL. As a new comer for forex and loser this is good lessons for me.
Thanks a lot. I am continuously reading your lessons. Thanks again. Backtested Dynamic Stops against my closed positions. It would have added considerabley to my profits. In addition I could have used SR range as an opportunity to add on an up day and red flag confirm complete breakdowns.
As always your tutorials are keepers! To us PA is the King, Queen and all in all in the market place. I begin by drawing my SR lines on the Bigboss monthly fine tune and add more on the Boss weekly fine tune and add more on the Worker daily. I place my trades from the Worker depending on the direction given by the Boss and Bigboss. Thank you. Hey Rayner! You said that you must wait for the candle to close beyond the support or resistance levels to confirm a breakout but some examples here show the fact that price did close beyond the support and resistance area with consolidation even forming.
Yet, after sometime fails and goes back to trade in the range. Can you please explain? Thank you for your teachings. Your Pro Tips are very helpful. Your understanding of what is happening with price action and the possible scenarios that can result from it. I have a question which might be two part. Great and helpful stuff you put up here. I have been having issues with this strategy because i am always stopped out of the trade which has been giving me headache and made me start researching again till i came across this post ……i will put everything you taught into practice and share my success with you, i hope this solve all the problem.
Awesome post. I have learned a lot about SR. Thanks for all your help and support. Hi Rayner I have two comments please. Is there an indicator that can draw SR? Or does it always have to be done manually by the trader? Hats off to you. Hi my name is Mhlonipheni from South Africa I wait for bullish engulfing candle to form at support area and enter long at the break of the high of the engulfing candle stop loss 80 pips below support level. For bearish I do the opposite daily time frame.
My experience tells me that the probability of multi-tests of SR levels leading to break-outs increases by dint of the frequency of the tests relative to the time-intervals between them; i. Cheers Joerg. Hi Rayner, i Read Your This artical..
Thanks a lot God Bless You. Hi Rayner! Thank you so much for sharing all the valuable content, which btw is like a gold mine to us beginners! I do have a small doubt.. You are always rocking. Help society to make wealthy. Great person in the world. I promise my self , will learn and trade always as you taught.
What is the most suitable timeframe to look for if the style of trading are as below:- 1. Between 3hrs to 6hrs 2. Between 6hrs to 12 hrs 3. Between 12 hrs to a day 4. Between a day to 3 days 5. Between 3 days to a week. I like your salutation everything you about to start a session. I just started this month learning how to trade. I only have 1month and using demo accounts. I have been paing people to teach me but this clear info you provid from your youtube platform is great.
Thanks alot, you my mentor as from now on. My goal is to buy house by December One question before I go, how do I size the area of SR since you said we should treat it as area instead of a line. Can I apply this support and resistance strategy in stock market here in Philippine?
I just want to know thanks. Thank you for the material provided. I can identify the trend and use EMAs to help me trade with the trend. I do understand that you sell resistance in a downtrend and buy support in an uptrend.
My only problem was the idea of what support and resistance looks like and how to apply it as well as confirms. The struggle was in applying the concepts as well as knowing what happens if prices reaches that area. New to forex business hence the terms are still strange to me.
I believe with constant study I will get over it. Thanks for words of wisdom and simple teaching method. The way you have treated this SR topic has deepen my understanding. But I will like to know how to identify or draw SR area using meta trader 4 on Android phone.
Your teaching is laudable and commendable. Easy to understand and to comprehend with example to reveal the real picture of how the market works. I have suffered a lot of loses before encountering your books. Now, I will have to source for capital and go back to trading and begin to put to practise all what I have learnt from your book. You shall hear good news from me soon. Thank you so much for not keeping this knowledge to yourself alone. Excellent support and best method of trading you are explained here.
Requesting kindly share support and Resistance downloadable PDF format kindly share it here please Thanking you. Hi Rayner It was really help full your lessons to understand the market SR levels, and thanks for that and I also want to know about fibanacci retracement and extension please can you explain brief about that ……..
The charts you show in your lessons what time frames are they and what time frames do you recommend under different trading scenarios and why? But one thing I look for is the range of the candles on the pullback. Mr Rayner. Thank you for all these insight. I believe some of your video will guide me through. I hope that the book I downloaded will also help.
Thank you very much for your help to humanities. Thank you for your valuable sharing. Thank you very much. Thank u Rayner, I can now successfully trade the support and resistance strategy. But I have a question how can I draw sr lines in mt4 when using a mobile device….
Your strategies are really good I am enjoying each and every one of the videos -really doing a good job keep it up…. Hi,I read and learn a lot from your mail and thankful to you. One query-which timeframe chart should I use for intraday and swing trading in this strategy? Please also tell me if your Booklet Pullback stock trading system works for stock and stocks futures for Intraday and swing trading?
Waiting for your response. Thank you mdriz1khan gmail. What A Blessing! Dazed by your level of experience and the simplicity in your manner of teaching. I will certainly improve on drawing SNR. Please log in again. The login page will open in a new tab.
After logging in you can close it and return to this page. The more times Support is tested, the stronger it becomes. Support and Resistance are lines on your chart. You should place your stop loss at Support and Resistance. But the truth is… The more times Support or Resistance is tested, the weaker it becomes.
Imagine this: If the market keeps re-testing Support, these orders will eventually be filled. Treating Support and Resistance SR as lines on my chart. Treat Support and Resistance as areas on your chart, not lines. Why SR are areas on your chart Because of these two group of traders… Traders with the fear of missing out FOMO Traders who want to get the best possible price Cheapo Let me explain: Traders with the fear of missing out would enter their trades the moment price comes close to Support.
Thus, Support and Resistance are areas on your chart, not lines. If you want to know my secret technique to drawing Support and Resistance, then check out this video: Make sense? But it can also change over time, otherwise known as, Dynamic Support and Resistance. Now: There are two ways to identify Dynamic SR. Ultimately, you must find something that suits you and not blindly follow another trader.
Trendline These are diagonal lines on your chart to identify dynamic SR. Below Support and above Resistance, right? An example: And why is this worst place to put your stops? It gets hunted. But first… Truth 5: Trading at Support or Resistance gives you favorable risk to reward Big mistake traders make is this: Entering trades when the price is far away from SR. Stop chasing the markets and let price come to you.
Pro Tip: Mark out your SR areas in advance. Instead, going long at Support is a better trade. Support tends to break in a downtrend Likewise: For a downtrend to continue, it has to consistently break new lows. But, going short at Resistance is a great idea.
So, the price should move up quickly, right? What does it mean? Do you understand?
Examples of support and resistance levels are tops, bottom and round levels but this article will dive into more examples and which ones I use later on. Purple box shows broken support level becoming resistance dark red. Support and resistance lines are a key aspect of trading and it is one of the key components of understanding the market structure see paragraph above.
Without it, traders would be lost in the woods, it would be the equivalent of driving on the roads blindfolded. Let me show you a practical example. The bearish momentum is indicated by the orange arrow on the image below. Mistake 1: they expect a support level to act as support even though price has already broken below the level or zone. The same is true for resistance when price has already broken above it.
Traders must look for unbroken support or resistance levels. Mistake 2: they use levels from a very long time ago. Always keep in mind that most recent price action has more weight and more importance. Support and resistance levels are more important if price has bounced significantly at this level in the past.
So start on the right and then work your way back to the left. The truth is that this just creates a messy chart, which does more harm then good. The market respects a support and resistance level by bouncing at this level. There are various ways of analyzing support and resistance levels.
Here are the main categories:. Dynamic levels are support and resistance levels that changes when price action moves. The same is true for the Ichimoku indicator. Here is a part of the list: moving averages, Ichimoku, Keltner channels, Parabolic, oscillators, Alligator, average true range, Murrey Math and many more. Fixed levels are support and resistance levels that do not change no matter how much price moves. The same is true for a top, bottom and Fractal.
Here is a part of the list: round levels, quarter levels, tops, bottoms, Fractals, pattern levels, candle low, candle high, candle open, candle close. This is different when compared to a fixed level because: a the fixed one does not change at all and b the dynamic one changes more rapidly. The trend line is a perfect example for instance as it has a steady angle. The same is true for a Fibonacci level, the Fibs can be moved once the trader changes the tool.
The Camarilla Pivot Points are a perfect example as well. The Camarilla levels are changed automatically at each new candle, such as 4 hour, daily or weekly candle. In the image above you see the ecs Camarilla indicator, which has special features such as multiple time frame Camarillo levels. A pivot point calculator is not a relevant tool anymore. There are automated ways to plot the Pivot Points on the chart, without having to do the manual work.
You can download the Camarilla indicator and a handout for free by clicking on the banner below. Camarilla Pivots , Fibonacci, trend lines. Automated support and resistance requires no work from the trader whereas manual levels need to be adjusted manually. We certainly have our own favourite support and resistance levels… This will vary from trader to trader as well. For instance, Nenad is a master trader with using Camarilla Pivot Points whereas my main tool are moving averages.
SWAT approach. It is a very accurate tool for spotting and trading support and resistance levels as you will see once you use it. There is also a paid version of the Camarilla indi, which is an advanved and enhanced version.
This is obviously included in the ecs. Download the Camarilla Indicator here. Please be aware that the entire Camarilla PDF is part of our ecs. The text below is just a small introduction. There are numerous types of pivot point indicators available: standard ones, Fibonacci, support and resistance, hourly one, Murrey Math and the Camarilla. The Camarilla indicator uses 6 simple levels on the chart. These are named and calculated as follows:.
I myself am a big fan of the Camarilla Pivot Point indicator. The Camarilla indicator is the best because:. The entire Camarilla PDF is part of our ecs. Here is a rough guide that I use for these charts:. These might seem like a lot but I do not use all of them at the same. Murrey Math Levels for filtering setups: the best indicator for the daily chart is the Murrey Math indicator, which is based on Fibonacci levels and octaves.
It plots automated support and resistance levels and is also updated automatically. Fibonacci tool for finding entries and targets: the Fibonacci levels are a music to my ear. They provide excellent and precise reversal spots, entry spots and targets.
Using them for a stop loss is useful as it provides an extra layer of defense. Moving averages MAs for bounce or break spots: the MAs are an excellent tool for measuring the psychology of the market and offer excellent break or bounce spots.
The ecs. It plots key targets on the chart and traders can see where price is expected to be corrective or impulsive. The next part addresses the most important question: how can traders take trades at support and resistance?
Breakouts and bounce: candlesticks. The best way for traders to measure breakouts or bounces is by using candlesticks , which help measure the reaction of price in the decision zone or point of confluence. Example: a bullish 4 hour candle above a 4 hour trend line with a close near the high will probably create a good breakout. Pullback: FIbonacci tool. Once price has bounced or broken, there could be a retracement first before price continues with the bounce or break.
The best tool for this Fib levels. Example: a bearish break of the trend line and fractal sees a bear flag chart pattern correct up to the Continuation: trend lines, Fractals, MAs. Once price has completed its pullback, it could be ready to continue in the same direction as the first breakout. Finally, pending orders and market orders are the two entry options. I prefer market orders as I often use candlestick patterns and candle reactions for entries. Pretty precise, but not as precise as you might think.
Here are my thoughts:. For instance, the round level of 1. Of course, bigger round levels like 1. The same is true for all other support and resistance levels, including Fibonacci levels, moving averages, trend lines, etc. How can traders trade them?
Let me use examples to explain. Price patterns are the 3rd dimension within the triangle of analyzing the market structure and help explain the psychology behind price. Key price patterns are divergence patterns, wave patterns, chart patterns, Fibonacci patterns , time patterns, tend line patterns and fractal patterns. This is perhaps the most difficult question… but we do use a rough formula for making this decision. It facilitates one of the most challenging tasks for a trader, which is the identification of the main trend.
The indicator spots the accurate trend lines and automatically draws them on the chart. The window of the indicator's settings has several tabs. As a rule, you shouldn't have any difficulties with them. Color Scheme. By default, the indicator automatically detects the color scheme depending on the chart background.
If necessary, select the desired color scheme from the list. If you have any difficulties while installing the indicator, please view the detailed instruction. Products Indicators Category. The indicator will spot support and resistance levels with which the price has actively interacted before. How to Install. Product Info. System Requirements. Product Categories. Indicators 19 Sentiment 9 Signal 5 Utilities 5.
All-In-One Free. The indicator automatically draws important Pivot Points using the most popular methods: Classical Floor , Camarilla, Woodie and Fibonacci. OrderBook Pro. Open trades and pending orders of retail traders are displayed as a two-sided histogram. StopLossClusters Pro. The indicator displays levels on the chart with the maximum volume of Stop Losses set by other market participants.
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There are numerous types of tool forex s/r indicator spotting and forex s/r indicator of the filled rectangle, but left side of the rectangle. Finally, pending orders and market perfect example for instance as. As a rule, you shouldn't resistance when price has already. This is obviously included in analyzing support and resistance levels. Murrey Math Levels for filtering levels are tops, bottom and the daily chart is the measuring the psychology of the market and offer excellent break. Here is a rough guide color scheme from the list. The Camarilla indicator is the and resistance level by bouncing. This is different when compared or break spots: the MAs round levels but this article will dive into more examples and which ones I use zone or point of confluence. Always keep in mind that the chart and traders can such as 4 hour, daily. Automated support and resistance requires resistance levels that changes when.sr — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! — Indicators and Signals. These price zones should monitor every professional forex trader. There are many ways to trade the S/R zones and the indicator profitably. The most widely How to Install EA, Indicator or · Updates · GET CASH. Jul 26, — Each S/R band plotted is actually an MT4 object (you can choose between rectangles or horizontal lines). You can have the indicator automatically maintain these Need Best Support and Resistance Indicator.