strategy great strategy, i wounder if the KG support and resistance indicator is based. Hello Rockdrop ; we should also remember that the large frames, such as 4 hours is characterized by great credibility somewhat from the rest of smaller frames Last edited by Tarek; at 11:50. Example, support set-up: Resistance set-up: A period of consolidation is clearly seen on both example charts. Originally Posted by khaledtag great strategy, i wounder if the KG support and resistance indicator is based on fractals because that way it will give delayed signals or it can repaint it self every thing will appear if we test it on a demo account. It can be like watching paint dry. Reply With" Thanks The Following User Says Thank You to fantastic For This Useful Post: shero ( ) :09 AM #10 Re: Support and Resistance strategy Thanks for sharing this with us, It looks fine with me, however let us not limit ourselves.
Support and Resistance Forex Strategies.
Therefore, when traders use Support Resistance systems, they use them within a group of systems that also includes trending systems and perhaps one or more volatility systems.
In both cases the support /resistance level is formed by two candles on a rather short period.
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Support and Resistance Forex trading strategy is a widely used trading system based on the horizontal levels of support and resistance. In both cases the support/resistance level is formed by two candles on a rather short period. The system keeps shorting a market that is in an uptrend or buying a market that is in a downtrend. They are easier to trade emotionally. 6sh PongsakornFX shero ( ) :56 AM #2, re: Support and Resistance strategy, originally Posted by fantastic hello every body, I will share a simple strategy that I get from a friend and I hope more profit for you. I also find that it is harder to keep your emotions in check when you do this. Reply With", thanks. Resistance level is formed by the highs of two or more candlestick bars that form a rather straight horizontal line with no higher highs between them. Stop-loss is set to the low of the previous candlestick (for the long positions) or to the high of the previous candlestick (for the short positions). Stop-loss is placed close to the entry level.
Attached Images, attached Files, last edited by Tarek; at 11:54. But I want any one who made trade using this strategy to tell me if he won or lost?