Help Reqd on Support and Resistance

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

Pivot indicator.
Price action here http://www.forexfactory.com/showthread.php?t=2331

how do i attach the attachments to my platform

copy it to C:/Program files/ YourForexBrokerProgram/experts/indicators

i only could see the pivot there...theres no support and resistance ?

Support and resistance are in settings in that indicator, daily, weekly and monthly.

thanks a lot

babypips.com has some great tutorials. Well worth a visit because you will learn for yourself.

Pivot calculation info here and here.

Some pivot indicators here.

Links to pivot calculators here.

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.


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

there is so many formula for pivot, you have to find the best for your trade.

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S + R = $$$

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