Support & Resistance Trading Strategy Was Hard, Until I Understood This
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- Опубликовано: 14 июн 2024
- Learn how to make anywhere from $4,000 to $6,000 per month trading forex
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If you really want to make money with trading, you need to understand to basic (but very important) concepts: Support and resistance.
Master them has allowed me making A LOT of money in the markets, as well as grow a lot as a trader in general with my strategies.
Watch all this video so you can learn too how to use and interpret support and resistance to improve your trading results.
Support & Resistance Became Easy When I Understood This
00:00 Intro
00:36 What is support and resistance?
03:26 Differences between both
04:18 Types of areas of interest
05:58 Break and retest
06:33 What is a support?
07:54 What is a resistance level?
08:35 Seeing areas of interest in charts
10:32 What is a valid area of resistance and support?
14:22 A very strong area of resistance
15:07 Round psychological areas of interest
17:25 Looking for strong areas in charts
18:47 Weak areas of support and resistance
STANDARD DISCLAIMER:
The foreign exchange market and currency trading is highly speculative in nature and as such, currency prices may become extremely volatile. You may sustain a total loss of your funds.
Foreign exchange trading carries a high level of risk and may not be suitable for all investors. Always consult a financial professional before making any investment decisions.
It is possible you will sustain a loss of some or all of your initial investment. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results.
Individual results vary and no representation is made that you will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, andSwing Trading Lab LLC and/or Alex Gonzalez.
For further information, please review our Terms of Use, Privacy Policy, and Risk Disclosures.
CFTC RULE 4.41- Hypothetical or simulated performance results have certain limitations.
Unlike an actual performance record, simulated results do not represent actual trading.
Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, including but not limited to, lack of liquidity.
Simulated trading programs in general, are also subject to the fact that they are designed with the benefit of hindsight.
No representation is being made that any account will or is likely to achieve profit or losses similar to those depicted on the swingtradinglab.co website.
The most transparent and realest trader ... respect
That’s right.
Right! while all the others are scammers
Yeah that's true
Hello
Lol.
When trading you have to ensure the downtrend into your support level is broken and you must be ready to grab liquidity when prices are up so you can get valuable trading results
In order to get valuable trading results,it is best to wait for a pull back when the market is about to break a support level. Moreover you’ll need to analyze the market to make sure the downtrend is broken and that is the duty of a specialist to guide you through
Thinking you can master multiple strategies & patterns and become profitable with them all would only result to you loosing money fast
Irrespective of a trader’s support level,the market could keep going down and break below any level.
@STEVENKENT I keep bumping into people talking about the importance of trading with a specialist but no one gives pointers on how to go about finding one.
@LORENZOGAYA in all my years of trading and research,
I wanted a support and resistance video from you so badly cuz you explain stuff like nobody else
I started watching your videos 2 days ago and i must confess your videos are way to simplified for even a lay man to understand. And these have changed my trading mentality entirely.
They say that those who re intelligent tend to be more kind to others, Thank you really for teaching this.
I can’t get enough of the videos. It’s almost addicting now. Thank you 🙏🏾
The best support and resistance explanation I've seen. You're amazing Alex, lessss goooo💪💪💪
bro this is the most simplest explanation I have ever had regarding S&R in a minute Bless ALEX !
This is so fascinatingly simple and well explained. more of these please
lot clear you nailed it in my head thanks👍
Been following your trades and learnt alot!
literally made so much sense .. bro thank you
Awesome explanation Alex, this is something I was needing!!
Thanks for doing these videos, really helps :)
Brooo tysm!!!
Finally understood this support and resistance thingy
Wow Alex, your gift is truly teaching. Thank you
Super interesting and informative, thanks Alex!
Been seeing a lot of videos, it started messing with my head, but not until i watch this video, it’s simply the best…Thank you😊
Literally same.
Thank you very much for telling me about the simple method, the information is clear.
Wow!Nice and simple. Awesome! Thank you very much
Alex I really really don't have words for ur contents but all I got to say is ur the best+ the goat
Alex may ur life be blessed forever
This is so self explanatory, thank you Alex
Very well done video, easily explained and easy to understand
Great content. You explain so well. Easy to understand. Much respect
are you profitable?
Bro your showing genuine think keep going it 🎉 appreciate
Finally a breakdown that makes sense
This is a FANTASTIC VIDEO in all forms.... Diagramming , Explaining and simple Commonsense ❗️Big Ups👍
Keep in touch
fxalexg the GOAT! thank you alex for every knowledge you have shared for free!
Keep in touch
Great explanation!
so never seen your vids in fact quit watching youtube vids for a few months and been learning through forward testing, but something just told me i needed to watch this support
esistnce vid and the funny thing is the information i needed wasnt the support
esistance but the banks closing trades at the psychological levels lol thanks youve improved my system
Such good free information 🙏
Very helpful man
Love the way u explain
I don’t know at all about the trading but I can understand what u explain. Respect ❤
Keep in touch
😅bro i watched one of your vedio in which you talked about how to start trading forex and at the end you given the hidden gems like going with Trend and support and resistance bro only by looking at these things from previous chart pattern I put two trade one i putted against the trend as it was at a very high so it about to came down so i found point of interest it exactly moved back from that after that I found another point of resistance as the trend is bulish so it must go up after that and boom i don't even needed a stop loss it was a straight win from that point of interest thanks buddy you the only legit person i found in this buisness others just trying to sell courses but you give some real shii outside courses too so the one who can catch it will do something from it you a great person god bless you for that..
honestly no one explains it better than Alex
Great stuff Al. ty bro
Dedicated to the cause when you film with a storm behind you. Love it. 😊
I can't tell you how grateful I am to you for your efforts to educate us. I've personally benefitted tremendously.
Yessss kiss again 😂 never see Support and ressitance before? Stop trading man go work
Setandforget 🔥🔥🔥 Thank you Alex 🙏
🔥🔥🔥 Sometimes we gotta go back to the basics
Wonderful explanation bro..
Thx you my broski 🙏🏽
U give awesome trade strategy and I learn allot
Good video sir, thank you so much
Great content for tips on trading.
The 🐐 thank you!!
The video is super useful. Please make another video on Market Structure.
Thank you so much ❤
Everything you say and do is transparent and helpfull to understand as I'm still learning before I trade
Keep in touch
Learn and Earn 💯
On Whats'app..
┼ 1
33440
Thank you sir ❤
Alex, you're the man
Alex thanks for all you do for us So easy and simple.if you know you know.
I’m missing something. How do you come up with long clear blue box ? How do you implement it in the chart to find the areas of interest?
Bro this is really the 💎💎💎
best mentor ever
you saved my life My Legend
I used the support and resistance approach to successfully trade the Stock Account at Trade The Pool.
Very Big Fan Sir. I love your Video's. And by the way First Comment...!!!
the best video to start tradimg , just 20 minutes about everything about strarigies, thank u for that bro.
he's mostly on facebook..
Trust me, sir Richard knows his stuff! His advice have been valuable to my trading journey. Definitely worth giving a shot!
Search him on Google
how do you feel about market conditions at the end of the year? specifically towards the end of Q4?
Thank you so much good man 😅
First time learner👍
Infact you are good teacher ,
bravooo...definitely sir
You are doing great blood ❤
Bro is his free videos enough??
Thank you 🤑🤑
i cant lie this guy explains so well
I exclusively use the support and resistance strategy when trading stocks in my Trade the Pool account.
Dang bro. I'm up in Tampa area and I can see that wind wipping those palms around like a ranging trend !. We had the same weather last night. Love your channel. Keep the vids coming.
Oh nm I see that might have been a green screen or mask for the weather in the BG. Still an awesome video.
Much appreciated
thankyou!!
When your on the data table with pipes do you put a support and resistant line one on top and bottom or one on what ever you want to trade if your buying or selling
The G.O.A.T is Back With Another Classic Banger...🤑🤑🤑🤑🤑
😅😅😅😅bro you're really inspired me, I know a lot about trading because of you.
The most transparent trader I've come across so far
Keep in touch
When ploting S and R, how would i know wether price would reject or not. ( Still trying to learn plz help)
Learning day by day! Thank you Alex
thanks
Alex really you have changed my life. I always love watching your all videos just waiting for the day when i will be in the SwingTradingLab
A question I have is are the taps coming from wicks or the body of candles? If it's a mixture of both, are the bodies more respected at an area of interest than the wicks?
What brokers allow MT5 and are the best for beginners? (I’m a beginner) 😁
Thanks Alrx for making things very clear. God bless you. I will definitely join your mentorship programme. Hi from Tanzania 🇹🇿
Now i understand support and resistance Perfectly, you make things easy for us 💯💯🔥🔥
Thanks champ God bless you reach those of interest you want to rich 💪👊🙏
Keep in touch 🎉
Good lesson sir
Keep in touch
This was one of the most informative videos ever I started trading with supply and demand or support and resistance; my trading went too a whole new level. Highly recommended this strategy
😂😂😂 whats new at this video, what you dont know before???
@@m.a3226 read what I said when I started trading supply and demand my trading got alot better alhumdulillah. In the past I was looking at so many things that I didn't need too.
thank u
Your strategy strong as the plant in the background👀🔥
Thanks bro ❤
Keep in touch
Big fan ❤
My strategy for the5ers prop challenge is the support and resistance breakout.
Please tell me whether signals on Telegram can be used in Algeria time
The G.O.A.T 🐐🐐
Come to think of it can't you finness the system if you buy and sell between the support and resistance area?
tanx bro keep it Up Brooooo
Keep in touch 🎉
My The5ers prop challenge was completed using supply and demand strategy.
The best❤🎉
In my The5ers prop challenge trading, I use a support and resistance breakout method while applying price action for confirmation.
Can you help me..what videos did you mainly use to trade the strategy..
And BTW on what time frame should I use breakout strategy...
Can I use it for scalping
Set and forget...💯
which has it all planned out for utility than throwing away cash right?