Forex Price Action Basics - Support & Resistance (2014) | Forex
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Forex Price Action Basics - Support & Resistance This is the second in a three part series of webinars I held on Forex Price Action analysis. In this webinar I cover Support & Resistance Basics. Day 1: https://www.youtube.com/watch?v=IdwZxhsh5y0 Day 3: https://www.youtube.com/watch?v=vkRkLWoNZxc http://www.forex4noobs.com/price-action-course/current-support-and-resistance-areas/
Comments
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Hi, Nick, from what I see, S/R lines are just obtained from repeatable patterns from past prices. Why do S/R lines exist? Is is because everyone is thinking similarly when they buy or sell, or is it all psychological?
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Excellent videos..unlike most of the crap that's out there that just gives traders information on how to lose money.
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Nick,
I just want to say thank you for these amazing video lessons! Please keep them coming, because once I start trading again, FX for the first time, I want to first thank God, and Him using your talents and abilities to bless many people including myself with limited funds. Take care! -
I just made £150 on loyds AGAINST the news NOT with the news and 80 on eur v dol £230 in 8 mins work im not stupid i cashed out im open on usa tech at min up to 23 gbp gunna cash out when if hit 50 that £280 pounds for 20min work my mate works a whole week for that im still in bed havent got dressed so hahah i dont get outta bed for less than 300 pound a hour lool
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nick i looked all day yesterday waiting for a set up at 8pm ny time i went long 0.50 on eur/usd 1.35276 sl1.35026 tp1.35776 i also went short on usd/chf 0.50 same time as previous entry 0.89795 sl 0.90045 tp 0.89295 and at 8;22 ny time i also entered eur/gbp long 0.25 entry 0.78949 sl 0.78680 tp 0.79450 i feel very confident and keeping my journal DO NOT FOLLOW THE PACK. nick i know i will be able to do this.
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Nick, I have a question in regards to your personal support & resistance zone in which you place a dotted line above and below your S & R line. My question is: Do you only take trades that goes inside your zone, but no further whatsoever than your zone? Or, will you also take a trade if the price goes all the way through your zone, plus 5 or 10 or more pips past it?
In other words, is it a standard personal rule for you that the price cannot go beyond your zone? Or can it shoot through it by a small number of pips and you will still take the trade? (of course, in all these instances, I know you will need candle confirmation. But I'm just wondering if price can or cannot go beyond your zone whatsoever). -
Great presentation and video. For future webinars, you might want to disable the chat window since people can't seem to follow instructions and not ask questions during your presentation.