Tuesday, May 22, 2012

Trading Support and Resistance “Levels”



This is not usual article about support and resistance article. I will talk about support and resistance levels in general. Before I start you should understand there is a lot different support and resistance levels. Use all your indicators to detect those levels. Don’t use only support and resistance indicators!

This is how it looks standard support and resistance MT4 indicator:
(Here you can download it for FREE)

If you ask me daily open is better solution for support and resistance on daily biases.

The main purpose of pivot points is to detect the most important support and resistance levels. Trendlines will help you to find those SN levels too. This is the greatest part here you can learn how to trade support and resistance levels.

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