How to use Support and Resistance Effectively - page 79

witsnpips  

learning how to draw them is one thing, learning how to use them is yet another.

XKR1962  
witsnpips:
learning how to draw them is one thing, learning how to use them is yet another.

Haha, so true.

emcs2  
witsnpips:
learning how to draw them is one thing, learning how to use them is yet another.

witsnpips,

I agree with you totally. Here is a video that helped me learn how to trade support and resistance. Support and resistance by itself is not particularly useful, but when you combine it with a price action signal, or another trading signal, it takes on a whole new importance and power. This is called trading with "confluence", I didn't really get this concept until watching Nial Fuller's videos on YouTube, the above video is one of my favorites. -

Perky  

Support/Resistance breakout indicator

I have long wanted to do this

it might be of interest to some one

places arrows where Barrys support resistance lines are broken

If dearly love to have just the one arrow! but as the indicator moves around its hard for me to work out

it uses barrys support resistance indicator and seems better on longer tfs

yes yes another usless indicator by perky lol

comments please

and is anyone can work out how to make it place just 1 rrow id be interested to know how -

Mladen Rakic  
Like this?
Just replace the one from your post with this one if it is what you had in mind

A nice weekend to all

regards

Perky:
I have long wanted to do this

it might be of interest to some one

places arrows where Barrys support resistance lines are broken

If dearly love to have just the one arrow! but as the indicator moves around its hard for me to work out

it uses barrys support resistance indicator and seems better on longer tfs

yes yes another usless indicator by perky lol

comments please

and is anyone can work out how to make it place just 1 rrow id be interested to know how -
Files:
Perky  
mladen:
Like this?
Just replace the one from your post with this one if it is what you had in mind

A nice weekend to all

regards

you never cease to amaze me mLaden thanks!

aint it the best idea tho

seantrade  

Another good way to use S&R levels is by trading the "fakey" setup, as described by Nial Fuller, this setup can be very profitable and accurate.