Day 6 and 7 Support and Ressistance

Recommended Sites to learn about Support and Resistance

Support and Resistance 

How to trade Support and Resistance

http://www.tradingstrategyguides.com/support-and-resistance-strategy
http://www.profitf.com/articles/trading-methods/support-resistance/

What Kind of Trader uses Support and Resistance

 1. Scalper - The identify the roof and floor after that they will see if its gonna bounce or break if you are scalper you need to have specific measurement where your point of entry, stop lost and take Profit. again this will depend how confident you are in key points so in order to develop this skill you need tons of practice. usually stop lost will be direct proportion on time frame

 2. Structure - this will help them identify Higher High and Lower Low, identify trends

 3. Day trader - Price action comes on day trading where the market is open

 4. Pattern trader - it is crucial for patttern trader to identify Support and Resistance so that their starting Point of their pattern will be accurate.

 My Job to you is to show how it is done, but to know how are you going to use it with confidence, it has to be yourself to develop it here are strategy that uses support and ressistance
1. Candle stick
2. Pattern

  MUST TO DO

1.Dont just copy what the link told you try to find your most confident way to identify Support and Resistance.
2. identify Multiple time frame support and resistance and figure out their relevance
3. Figure out the best location for your stop Lost, Point of entry and Take Profit
4. Make a number of pips goal to reach example 100Pips in 1 week Try to reach this goal using only Support and Resistance trading you can combine with strategy untill you have not hit the amount of pips never proceed to the next level.


 Video will be available soon