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Help Reqd on Support and Resistance

  • Post #1
  • Quote
  • First Post: Jun 21, 2009 12:42pm Jun 21, 2009 12:42pm
  •  Kosmiklove
  • | Membership Revoked | Joined Jun 2009 | 18 Posts
how to calculate daily support and resistance?and pivot?
and how to calculate weekly?or even monthly resistance/support??pivot??

and could u please somebody tell me what is price action??and how to determine it??

thanks a lot
  • Post #2
  • Quote
  • Jun 21, 2009 1:03pm Jun 21, 2009 1:03pm
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,293 Posts
Pivot indicator.
Price action here http://www.forexfactory.com/showthread.php?t=2331
Attached File(s)
File Type: mq4 AutoPivotIndicator_ver5.mq4   31 KB | 293 downloads
 
 
  • Post #3
  • Quote
  • Jun 21, 2009 1:10pm Jun 21, 2009 1:10pm
  •  pipsqueak2
  • | Joined Jun 2009 | Status: Member | 7 Posts
how do i attach the attachments to my platform
 
 
  • Post #4
  • Quote
  • Jun 21, 2009 1:15pm Jun 21, 2009 1:15pm
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,293 Posts
copy it to C:/Program files/ YourForexBrokerProgram/experts/indicators
 
 
  • Post #5
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  • Jun 22, 2009 2:11am Jun 22, 2009 2:11am
  •  Kosmiklove
  • | Membership Revoked | Joined Jun 2009 | 18 Posts
Quoting juhanimi
Disliked
Pivot indicator.
Price action here http://www.forexfactory.com/showthread.php?t=2331
Ignored
i only could see the pivot there...theres no support and resistance ?
 
 
  • Post #6
  • Quote
  • Jun 22, 2009 8:24am Jun 22, 2009 8:24am
  •  juhanimi
  • Joined Feb 2009 | Status: Member | 2,293 Posts
Support and resistance are in settings in that indicator, daily, weekly and monthly.
 
 
  • Post #7
  • Quote
  • Jun 23, 2009 2:55am Jun 23, 2009 2:55am
  •  Kosmiklove
  • | Membership Revoked | Joined Jun 2009 | 18 Posts
Quoting juhanimi
Disliked
Support and resistance are in settings in that indicator, daily, weekly and monthly.
Ignored
thanks a lot
 
 
  • Post #8
  • Quote
  • Jun 23, 2009 4:30am Jun 23, 2009 4:30am
  •  smikester
  • Joined Mar 2007 | Status: Member | 8,618 Posts
Quoting Kosmiklove
Disliked
how to calculate daily support and resistance?and pivot?
and how to calculate weekly?or even monthly resistance/support??pivot??

and could u please somebody tell me what is price action??and how to determine it??

thanks a lot
Ignored
babypips.com has some great tutorials. Well worth a visit because you will learn for yourself.
Gone to a better place
 
 
  • Post #9
  • Quote
  • Jun 23, 2009 5:37pm Jun 23, 2009 5:37pm
  •  hanover
  • Joined Sep 2006 | Status: ... | 8,092 Posts
Pivot calculation info here and here.

Some pivot indicators here.

Links to pivot calculators here.
 
 
  • Post #10
  • Quote
  • Jun 23, 2009 8:03pm Jun 23, 2009 8:03pm
  •  tyler812
  • | Joined Dec 2007 | Status: Member | 246 Posts
It's not always simple as just applying an indicator. While support can be thought of as an area where price has previously tried to fall below, but there is not enough selling pressure to push the price down, resistance is an area where there is not enough buying pressure to push price up above the level of resistance. Also keep in mind the simple rule of thumb that prior support often becomes resistance.
Attached Image (click to enlarge)
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Name: 06-23-09 eurusd d1 sandr.gif
Size: 19 KB


babypips.com is a great introduction to forex (that's where I began).
There's no better place/community to learn price-action and support and resistance than the James16 Chart thread.
http://www.forexfactory.com/showthread.php?t=2331

Hope this helps.

Tyler
skype: ststroud. let's talk trading.
 
 
  • Post #11
  • Quote
  • Last Post: Jun 30, 2009 11:11am Jun 30, 2009 11:11am
  •  errich fx
  • | Commercial Member | Joined Mar 2009 | 778 Posts
there is so many formula for pivot, you have to find the best for your trade.

_________________

S + R = $$$

.
 
 
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