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
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.
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 ?
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
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.
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 ?
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 ?