Support and Resistance, Are They Useful? - page 3

[Francis Dogbe]

Candles:

Yes, newdigital shared a good analysis of EURUSD for the coming week:

https://www.mql5.com/en/forum/23163

We will be having an interesting week ahead of us.

Thank you very much....most appreciated. All the best this week in your trades.

[ANTHONY ONOJETA]

Support and resistance is good way to trade . i trade it by using the higher time frame s/r but use the smaller time frame tor entry and take a few pips

[Simon Gniadkowski]

Roszey:
I seem to have a problem with the idea of trading support and resistance. 

Perhaps your definition of Support and Resistance is wrong so what you are looking at is not actually S & R . . .  how do you define S & R ?

[Francis Dogbe]

RaptorUK:
Perhaps your definition of Support and Resistance is wrong so what you are looking at is not actually S & R . . .  how do you define S & R ?

i had failed attempt when trying to trade support and resistance. When looking for a reverse trend at S&R level i end up getting breakout instead. Also when looking for breakout i rather get reversal and that has been my problem with S&R.

[Alain Verleyen]

Roszey:
i had failed attempt when trying to trade support and resistance. When looking for a reverse trend at S&R level i end up getting breakout instead. Also when looking for breakout i rather get reversal and that has been my problem with S&R.

Yes, but you don't answer the question. Which S&R are you using ? How do you define them ?

[Francis Dogbe]

angevoyageur:
Yes, but you don't answer the question. Which S&R are you using ? How do you define them ?

ahh. i define them by drawing lines on top of areas where prices keep rejecting and bouncing back. I draw them on 4h tf then trace them back to m15 toplace orders. i sometime use pivot points as S&R