Support and Resistance

 Need to take note on Support and Resistance

1. Find 2 points same level floor  and 3 points same level roof or

Vice versa. (common on diagonal)

2. Look on Daily to identify Maximum level
   Loof for same bar level
   4 hours same bar not the tip

          1 hr tip  ( identify the thickness)

Structuring

https://www.youtube.com/watch?v=3Geg64pmED4&t=232s

Thickness of support and Ressitance

https://www.youtube.com/watch?v=_G3saHpvpKo

Backbone of my analysis (support and Resistance) 

part1
https://www.youtube.com/watch?v=w_NumAJKdeE
Part 2
https://www.youtube.com/watch?v=Fmzd9Bu9CWs

Why patterns fail (talk about support and resistance)

https://www.youtube.com/watch?v=w51Mst-xPlg

Requirements of ABCD pattern (talking about the importance of support and resistance)

https://www.youtube.com/watch?v=Mu0boUX033U&t=194s

Double tap (anything that reject on the area of thickness)

https://www.youtube.com/watch?v=hatuVzpifB4

Motivational video

Dont quit
https://www.youtube.com/watch?v=n7i9uHtd56U
Hardest skill
https://www.youtube.com/watch?v=WM4SftLsuDQ

I fail many times
https://www.youtube.com/watch?v=hvOdnNSuZD0

Pls answer the following (lets talk about this on next meet up)
1. Why need to identify High and higher high or Low and lower low

2. How to avoid false break out. Or how to identify false break out

3. Why is it possible you will be able to identify the area price of the market

In identifying support and Resistance pls do not use any indicator (must)
Watch first all the video before making the exercises

 

1st Exercise Daily time frame
Eur usd aug 14 2018  to dec 5 2019
Plot major support and resistance (daily only)
Both horizontal and vertical

Requirements
1. Different collor for 1 day horizontal line

2. Different color for 1 day vertical line

3. Print screen it and submit

4. No use of indicator

2nd Exercise Eur usd Jan 10 2019 to march 8 2019
Plot and identify support and resistance horizontal and diag

Thickness of resistance plot it

(Question)
what causes false break out on march 08, 2019

Requirements
1. Different collor for 1 day horizontal line

2. Different color for 1 day vertical line

3. Print screen it and submit

4. No use of indicator

Follow up exercise will be given after plotting the 2 given exercise