HEAVY Support/Resistance System
About me: Trade only about 3 years.
Age 25, Singapore, 26 soon at end of July.
Doing Manual & EA trading,alt coin mining and website related stuffs.
A chart speaks a thousand word. But the kind of information obtain out of a chart is different for every individual trader
However the chart did mention good sell, but price could still go higher as its not at the top yet. However its just that the entry at this zone to 1.6500 is a good entry compare to somewhere in between.
Never ever long/short a pair because its near whole number or "good price", rather you should look at previous reaction to the price zone using historical data like H1,H4 TF which tell you where likely seller or buyer could be hiding at for opportunity entry.
Another example of AUD/USD:
Another example of USD/JPY:
*Dont bother about the buy on this chart because its an EA that I forgot to switch off, its not my real entry, my real system is on an Non-MT4 system.
Everyday, there are multiple entry to be made on heavy support and resistance.
If you like this system, you can also share your observation on other pair
that is currently in the Heavy Support/Resistance zone.
I will post more live chart rather than historical chart in the future. Its just the beginning . Hope fellow traders can share their support/resistance of Live Chart observation too with picture.
No matter how good indicators you got, it is always "LAGGED" and not the best thing to consider. The best thing for trading is to use your eyes and look for price action. In my context, which is support / resistance , High Volume @ Low/High - Market Behavior of Buying/Selling at certain price.
There no gurantee that the price will react the same upon touching the same zone, its more of not picking the low or high, but rather put a SL to minimize your impact.
I used to look @ many systems, but the best one I have found is just trading with the market, the trend, if there strong buying, its a turning point, vice versa for selling. It was never easy to hold firm in this ideology, but it have give me more withdrawal than deposit in the past month. more than 100% return of my investment.
About me: Trade only about 3 years.
Age 25, Singapore, 26 soon at end of July.
Doing Manual & EA trading,
A chart speaks a thousand word. But the kind of information obtain out of a chart is different for every individual trader
However the chart did mention good sell, but price could still go higher as its not at the top yet. However its just that the entry at this zone to 1.6500 is a good entry compare to somewhere in between.
Never ever long/short a pair because its near whole number or "good price", rather you should look at previous reaction to the price zone using historical data like H1,H4 TF which tell you where likely seller or buyer could be hiding at for opportunity entry.
Another example of AUD/USD:
Another example of USD/JPY:
*Dont bother about the buy on this chart because its an EA that I forgot to switch off, its not my real entry, my real system is on an Non-MT4 system.
Everyday, there are multiple entry to be made on heavy support and resistance.
If you like this system, you can also share your observation on other pair
that is currently in the Heavy Support/Resistance zone.
I will post more live chart rather than historical chart in the future. Its just the beginning . Hope fellow traders can share their support/resistance of Live Chart observation too with picture.
Inserted Video
No matter how good indicators you got, it is always "LAGGED" and not the best thing to consider. The best thing for trading is to use your eyes and look for price action. In my context, which is support / resistance , High Volume @ Low/High - Market Behavior of Buying/Selling at certain price.
There no gurantee that the price will react the same upon touching the same zone, its more of not picking the low or high, but rather put a SL to minimize your impact.
I used to look @ many systems, but the best one I have found is just trading with the market, the trend, if there strong buying, its a turning point, vice versa for selling. It was never easy to hold firm in this ideology, but it have give me more withdrawal than deposit in the past month. more than 100% return of my investment.
Learn to Trade is Important. Keep your bias & ego aside.