How to trade support and resistance | Forex Factory

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How to trade support and resistance

  • #1
  • First Post: Oct 20, 2018 9:22am Oct 20, 2018 9:22am
I created a simple guide on how to plot support and resistance. I see a lot of people on here over complicating things on their charts and it makes no sense at all. https://thedepressedforextrader.com/...nd-resistance/ here is the link the that article. I also made another article on how to find entries based of of support and resistance using market structure. https://thedepressedforextrader.com/...forex-markets/ . If you study these two articles and back test them you should be able to make better decisions in the markets.
  • #2
  • Oct 20, 2018 3:10pm Oct 20, 2018 3:10pm
Thank you man, it was very useful indeed. God bless you.
  • #3
  • Oct 21, 2018 7:48am Oct 21, 2018 7:48am
Quoting Neven
Thank you man, it was very useful indeed. God bless you.
No problem, glad it helped.
  • #4
  • Oct 22, 2018 7:16am Oct 22, 2018 7:16am
if anyone has questions just message me.
  • #5
  • Oct 22, 2018 11:39am Oct 22, 2018 11:39am
This is USDJPY on the M5 chart. The overall market structure was bullish and price was at support. a good buy entry was when price broke market structure to the upside on the M5 chart.
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  • #6
  • Oct 23, 2018 9:59am Oct 23, 2018 9:59am
overall market structure on H4 was bullish. Price pulled back to support and then the market structure went back to bearish on the m5. This is the m5 time frame you can see where price broke structure to give you a buying confirm.
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  • #7
  • Oct 26, 2018 10:48am Oct 26, 2018 10:48am
Trade from this morning. Daily support at 1.13360. Look at how the M5 market structure reacted to that level.
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  • #8
  • Oct 27, 2018 1:21pm Oct 27, 2018 1:21pm
GBPAUD was at daily resistance and the overall trend was bearish. M15 market structure turned bearish at daily resistance then dropped 100 pips.
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  • #9
  • Oct 31, 2018 6:42am Oct 31, 2018 6:42am
double bottom at major support and market structure changed to bullish
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  • #10
  • Nov 3, 2018 9:22am Nov 3, 2018 9:22am
EURJPY on the h4 time frame
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  • #11
  • Nov 6, 2018 12:40pm Nov 6, 2018 12:40pm
AUDUSD m15 chart. Resistance at 0.72400. the yellow box indicates where market structure changed from the major resistance.
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  • #12
  • Nov 10, 2018 8:25am Nov 10, 2018 8:25am
Notice how the market structure stayed the same as price broke through resistance, indicating that this level will be broken and will push higher.
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Click to Enlarge Name: 2018-11-10_8-24-40 au.png Size: 22 KB
  • #13
  • Nov 17, 2018 9:41am Nov 17, 2018 9:41am
market structure held on AUDUSD H1 chart. What i wrote in that blog happens every single week. You just have to learn how to spot them.
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  • #14
  • Nov 25, 2018 11:59am Nov 25, 2018 11:59am
this is what i am looking at for EURUSD on the daily time frame
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  • #15
  • Nov 25, 2018 2:43pm Nov 25, 2018 2:43pm
Quoting lb575
Trade from this morning. Daily support at 1.13360. Look at how the M5 market structure reacted to that level. {image}
I have a question about this one. Where was your entry and why exactly at this level? I don't see any major SR there

Attached Image (click to enlarge)
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Do you enter the trade when the price make a new higher low after higher high or after breaking the structure? What's your average SL size? I'm asking because I have a similar method (HH/HL & LL/LH + entry after reversal candlestick like doji or pinbar), but I have a huge problem with drawing SR levels. Sometimes they are easy to catch on H1 or higher, but when I switch to M15 then the chaos begins - especially when price didn't touch the level...

Thanks in advance for the answer
Trade or not to trade - that is the question...
  • #16
  • Nov 26, 2018 9:27am Nov 26, 2018 9:27am
Quoting freakout
{quote} I have a question about this one. Where was your entry and why exactly at this level? I don't see any major SR there {image} Do you enter the trade when the price make a new higher low after higher high or after breaking the structure? What's your average SL size? I'm asking because I have a similar method (HH/HL & LL/LH + entry after reversal candlestick like doji or pinbar), but I have a huge problem with drawing SR levels. Sometimes they are easy to catch on H1 or higher, but when I switch to M15 then the chaos begins - especially...
I didn't take a trade on that one i meant that was the trade of the morning as in the best opportunity. My SL is usually below market structure so where that blue line is which is daily support i would put my stop a few pips below that. because if it went below that then the trend still would have been bearish. Once i see the market structure change on the smaller time frames i wait for the candles to start getting into momentum before entering.
  • #17
  • Last Post: Dec 1, 2018 9:45am Dec 1, 2018 9:45am
GBPUSD m30 chart. Price broke support and then retested it as resistance. look at all of those wicks that tried to break through but couldn't. that was a major clue that price would go down. The market structure was also bearish as well.
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