Do all strategies rely on support and resistance?

hi
the chart is all about support and resistance (supply and demand) ,do all strategies rely on support and resistance only?
i am trying to remove support and resistance from my mind but if i did it mean i am not gonna enter one the revers happen

No, there are a lot of ways to skin a cat, and not all of them rely on S&R

Indicator strategies, like the one promoted by NonNonsenseForex don't use S&R at all.

Hi,
If you trade using pure price action then S&R in some shape or form is likely to come into it, along with trend and momentum concepts. But price action is just one of the many ways you can look at the markets and many do not have any idea of S&R within them. It's a matter of choosing some approach that suits you and working with that.

The funny thing is that almost all methods, if applied mechanically, come out almost random in their predictive ability when tested across a full market cycle. You have to work out when to jump in and when to stay on the sidelines for any given method. For example, a dual moving average crossover method (no S&R considerations here) will work great in a strongly trending market but tend to be torn to shreds with reversals when the market ranges.

So, pick any approach you feel comfortable with. Then learn how it works in various market conditions and figure out how you make make it pay for you, either in terms of better than random success rate and/or bigger average wins than losses. There is absolutely nothing to conclusively prove (or indeed disprove) that S&R concepts work better or worse than any other approach. It's what the individual trader makes of any given method that counts.

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Many strategies rely on chart patterns. You may read on that topic on forex trading educational platforms, like babypips.

Not here to spoil someone's mood but I`d say that a strategy that is based around support and resistance can not be successful by definition! And just to add before leaving, if you are in a business of picking tops and bottoms you definitely are in a world of disappointment and despair... Sorry

I stopped seeing support and resistance on charts when I concentrated on price levels instead, but again.

Just remember that, not all the levels will work, the key to succesful trading is risk management and skills that you develop only after years of practicing.

Support and resistance levels are only one of many ways or grounds for market analysis. But it is one of the most popular because it is quite easy to process. With its help you can determine the entry points to the market and determine how the asset price will behave in the near future. In addition, people use trendiness and many other indicators to understand what will happen in the market in the near future. In addition, it allows finding the relationships between different assets, which allows to form a more accurate plan of action, and everyone can use exactly what suits them and what makes their work as accurate and convenient as possible. I generally believe that there are so many traders, so many strategies.