Need to take note on Support and Resistance
Find 2 points same level floor and 3 points same level roof or
Vice versa. (common on diagonal)
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=232sThickness of support and Ressitance
https://www.youtube.com/watch?v=_G3saHpvpKoBackbone 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-xPlgRequirements 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=hatuVzpifB4Motivational 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
No comments:
Post a Comment