Support and Resistance.
There are many ways to determine S/R. From simple to more complex. Static, as in fixed lines of various types to fluid through the use of ma's. What they all have in common is price. What I will briefly discuss here is my interpretation of S/R. S/R for the most part needs to be used as an area or zone as opposed to one specific value. When used in conjunction with the few indis I use it makes for much better entries (something I do not always execute properly because I tend to get impatient).
I will go over the M5 from yesterday in the next post. Then I will take this concept and do the H1 from the last few days. Then I will discuss further concepts of this method from higher time frames to the lower.
There are many ways to determine S/R. From simple to more complex. Static, as in fixed lines of various types to fluid through the use of ma's. What they all have in common is price. What I will briefly discuss here is my interpretation of S/R. S/R for the most part needs to be used as an area or zone as opposed to one specific value. When used in conjunction with the few indis I use it makes for much better entries (something I do not always execute properly because I tend to get impatient).
I will go over the M5 from yesterday in the next post. Then I will take this concept and do the H1 from the last few days. Then I will discuss further concepts of this method from higher time frames to the lower.
Mark ... Everything you have been told is a LIE
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