Greetings,
SUPPORT RESISTANCE ZONE - A price zone which either load with excessive bulls or bears.
The main idea is trading at support and resistance levels or supply and demand levels. I think most of you know what is support and resistance levels or supply and demand levels. I wouldn't only look at the levels themselves when executing a trade. I would look where the levels are, either high or low on a trend or trading range.
I learn support and resistance / supply and demand from Sam and also the conventional technical analysis books. If you don't know what are they, you can just Google it on the net and you'll get tons of information.
The purpose I start this thread:
1. As a journal for my trades, so that I can review and refine my trading plan/rules in the future.
2. To help those who are interested to learn.
3. To discuss with other traders so that we can improve our trading skills.
The style I trade:
1. Don't like to have indicators on my chart, I found it's distracting me.
(No offend with indicators fans, it's my own problem that I don't like to get things too complex.)
2. I love plain chart.
3. Focus more on price action.
4. Keep my risk low.
5. Be happy with any wins and losses. (positive mindset)
I'll post my trades often here with my pretty charts. Any comments or thoughts are always welcome as I'm very open minded. Just keep in mind that don't compare with any other trading system or strategy here. In my humble opinion, successful traders depends on their money management, discipline and emotion. Every strategy could bring a trader to success, the only thing to conquer in order to success is ourselves.
I mainly doing day trading and trading mostly major pairs. Seldom trade crosses. Don't look for signals here. Here is just for discussion and learning purpose. I will post all trades including the losses here to discuss together.
Simple rules for the thread:
1. Respect fellow traders
2. No commercial postings
3. Help & Share
When ONE teaches, TWO learn.
SUPPORT RESISTANCE ZONE - A price zone which either load with excessive bulls or bears.
The main idea is trading at support and resistance levels or supply and demand levels. I think most of you know what is support and resistance levels or supply and demand levels. I wouldn't only look at the levels themselves when executing a trade. I would look where the levels are, either high or low on a trend or trading range.
I learn support and resistance / supply and demand from Sam and also the conventional technical analysis books. If you don't know what are they, you can just Google it on the net and you'll get tons of information.
The purpose I start this thread:
1. As a journal for my trades, so that I can review and refine my trading plan/rules in the future.
2. To help those who are interested to learn.
3. To discuss with other traders so that we can improve our trading skills.
The style I trade:
1. Don't like to have indicators on my chart, I found it's distracting me.
(No offend with indicators fans, it's my own problem that I don't like to get things too complex.)
2. I love plain chart.
3. Focus more on price action.
4. Keep my risk low.
5. Be happy with any wins and losses. (positive mindset)
I'll post my trades often here with my pretty charts. Any comments or thoughts are always welcome as I'm very open minded. Just keep in mind that don't compare with any other trading system or strategy here. In my humble opinion, successful traders depends on their money management, discipline and emotion. Every strategy could bring a trader to success, the only thing to conquer in order to success is ourselves.
I mainly doing day trading and trading mostly major pairs. Seldom trade crosses. Don't look for signals here. Here is just for discussion and learning purpose. I will post all trades including the losses here to discuss together.
Simple rules for the thread:
1. Respect fellow traders
2. No commercial postings
3. Help & Share
When ONE teaches, TWO learn.