How to Master True Support and Resistance
HTML-код
- Опубликовано: 27 сен 2024
- Tired of getting whipsawed by fake support and resistance levels? Learn how to identify true support and resistance like a pro with Urban Forex. In this video, you'll discover a simple yet powerful method for pinpointing key levels where the market is likely to reverse. Say goodbye to guesswork and hello to consistent profits!
This video will cover:
* The difference between true and fake support and resistance
* How to identify areas of interest on any timeframe
* How to use support and resistance to improve your trading decisions
Whether you're a beginner or an experienced trader, this video will give you the knowledge and confidence you need to take your trading to the next level. So what are you waiting for? Watch the video now and start mastering true support and resistance!
🍓 Sign Up for the next Webinar: bit.ly/3LSlFrp
Useful Links 🔗
➡️ Learn how to look at the market, join the Mastering Price Action 2.0 Program:
bit.ly/3WDpGoq
⭐️ Receive a Powerful Free Foundational Course:
bit.ly/4ceEOhJ
💻 Urban Forex Website:
bit.ly/3WxYZ4t
📱Urban Forex Mobile Apps:
bit.ly/4dw1NpQ
📈 Navin is using the software TradingView to look at his charts, get your access to the same charts here: www.tradingvie....
//DISCLAIMER
This video expresses our personal opinions only. Trading financial markets involves risk and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action; any trades you decide to take are yours.
This dude teaching is top notch man very grateful
Thank you for your kind words 🙏
Been watching your videos for 10 days now. I bought the MPA course and core supplement course a couple of days ago and it has revolutionised the way that I look at trading. Can already pinpoint a lot of the mistakes that I was making previously. Great work Navin.
Thanks for the kind words Nigel :)
Navin has made us understand the concept of support & Resistance that most amateurs miss & pay for it. Thanks Navin for the enlightenment. Good Luck
Thanks for the great comment Hardev. The concept of support and resistance is critical to making smart trading decisions and we are glad to teach it for free to our followers.
Hi, this from Malaysia, Kuala Lumpur . I have started trading for the past 5months. I dont make any much profits. I been finding for good mentor that will explain in details and i found you Mr.Navin. Thank you so much for this powerful knowledge.
No problem at all, I am glad to hear that this knowledge is helping you. Keep up the good work:)
In my opinion, teaching is a skill, an ability to explain difficult concepts in layman terms. Navin is the best teacher I have seen on this subject so far!
Thank you for the kind words!
100%
Navin.. you own trading..The reason I say this is because you explain everything so specifically with extremely easy examples, a great player and a great teacher. I hope you are proud of yourself, and I hope to meet you someday.
Thank you so much
You're welcome and thanks for your kind words :)
Re watching the video for like 5 times.. and as I watch this as of the moment, 4/8/17 19:11 philippine time, resistance is happening and boy oh boy.. How lucky I am! Thank you Sir! What a clear and precise discussion. Cant wait to participate in your webinar!
Hello Menchie,
Thanks for your kind comment.
Glad you like it :-)
This video really opend my eyes i kept watching it over and over now i finaly understand very good video
Great to hear :)
"...and that's how I made my money" - good one :D
Hahahah ... indeed, that was a great joke form Navin :P
I actually loled! :D
Respect for you man. I watched your video today. Learn lot thanks.
No problem at all. I am glad to hear that:)
all i can say is thank you......this is all i needed to know about the amount of data you need.....once profitable, your price action is the way
You're welcome :)
I saw your video on RUclips today and I give you subscription after 3 minutes of watching. You are superb. I call you Professor of trading.
Awesome! Thanks for your kind words :)
This was incredibly insightful!! Best support and resistance tutorial I've seen. Thank you so much for explaining it so clearly. The penny dropped for me! It was euphoric when I finally understood in recognising trends and finding support and resistance lines - your metaphors were awesome!
Thank you for the fantastic feedback on this video Lala. If you are interested on that topic, Lala, maybe you would like to read and watch this blog post too => www.urbanforex.com/blog/using-support-and-resistance-right
You're welcome! Thank you! I will. I've been watching all your other really helpful tutorial videos too :-) I'm learning so much. Thank you!
Thank you! I'm watching all your videos now. I'm learning a lot. Thank you for providing such great content.
Oh! I have learnt real stuff from. I'm grateful
😉😉😉
THis is THE BEST SnR video with car analogy and Navin talks about the Main Trend TF (our God father) to decide the direction
I am very happy to hear that you liked it:)
Wow!! 4 years old knowledge but taking me back to my basics !! Amazing video..!!
I am glad that you liked it.
intact ever since I stomble on your webinar videos on RUclips. i have safe more than 30 of them as my favourite list. and I keep watching then time and time again every now and then. so so insightful with details explanations. am saving money up now to buy the MPA cause. I just can't wait to be a member. thanks alot for everything. more strength to carry on and more wisdom thank you.
Hello Ajayi,
Thanks for your kind comment.
I understand your situation. Just keep saving up money and then you still can join the mastering price action course. You can also learn some new insights at Navin's blog (www.urbanforex.com/blog) (if you haven't already all of that) or the very basics on the website Babypips.
Looking forward seeing you soon in the MPA course.
am already busy at the website so much more to lean.but I know I will get there. I will never quit until I became a pro trader.
learn to perfect a strategy is one way to a successful trade. i became advanced in learning and applying the *Blended Model Strategy* created by *Dmitry Vladislav* .I found my desired knowledge and profit with it in Russia. search it on google is every were.There is plenty more to learn.
All what you said make sense to me. Good Job Navin... I am already MPA subscriber
Glad to hear it makes sense :)
Yoooo this is like finding a treasure...thanx coach..im blown away...
Great to hear Charmaine! 🙏
Hola Amigo! I've been doing the AmeriTrade Paper stocks training and I can surely tell you that I've learned a lot more with your experience and knowledge base.
- Giraud
That is fantastic to hear! Keep up the good work:)
Very Helpful thnq very much for ur valuable content Love from The India
No problem at all and I am glad it is helpful
You're the best this is kinda the fun way to learn how to trade :) Keep it up man
Glad you like it Bravo :-)
Straight to the point 🙌🙌🙌🙌🙌 thank you normally other videos will be sooooooo confusing thank you 🙌🙌🙌🙌🙌🙌
No problem at all!
If you liked this video, I think that you would love the courses that we offer at Urban Forex. For more information on them, please email us at info@urbanforex.com.
YOU HAVE CHANGED MY LIFE FOR GOOD
Glad we changed your life for good Luke :-)!
u r good teacher....thank u sir from india🇮🇳
Thank you for your kind words Common Tamizan :)
Man... it's now 6.40PM in Indonesia then I find ur' Vid.. really blessed & Amazing..Thanks bro
You're welcome :)
Great discussion.
Glad you enjoyed the discussion!
very wellsaid sir direct to the point.
Glad you enjoyed it!
Lovely webinar. It shows importance of higher time frame. I heard people saying price follows higher time frame. What that means I saw it here. I need to try this now. But thanks again.
No problem at all:) I am glad that you liked the webinar:)
Great video. Put across so well and depending on your type of trading , it will change your view on what is support and resistance. A real lightbulb moment ☀️☀️☀️☀️☀️
Great to hear Paul :)
Probably one of the best explanations of charts and timeframes I have ever seen! Well done!
Thank you for your kind words Carlos :)
Very nice video
Thanx for upload. I learn a lot from your videos and still learning.
You're welcome Ali :)
man this is madnss, loving it and understood every single word and every single example u have showed it got stuck on my head, everytime u show example what i do is pause the video and go to my chatt and try to do the same thing and its helping me soo muchhhh thank you soo much bro this helping me lot to progress my trading in better !!!!
That is awesome! Great to hear :)
I'm really blessed by this video. Thanks a whole lot.
From Nigeria.
Glad to hear :)
I keep getting gems revisiting these videos
Nice! :)
Clear and understandable explanations. Great Video, I learnt Alot. Thanks.
Great to hear this :)
Amazing teacher
Thank you so much for the kind words :)
I want to promote this channel to all of my friends
Thank you so much for the support. We really appreciate it :)
after 1 year i under stand Support and Resistance....thanks
Great to hear! :)
"And that's how I make all my money" that got me 😄 😄 hilarious
😃
Wow i love Urban Forex, He is the best there is. He has inspired me to open my own channel where i share my own forex experience using only price action, No indicators.
Thank you for your kind words.
Very glad to hear that ;)
Really impressive.
Please come to Pune, INDIA
Want to meet you...
Glad you like it, Vaibhav. To get instant updates, where Navin is right now, you can follow him here ->
facebook.com/navinprithyani.official/
Navin: I did not understand anything from watching this video, in fact I do not know what is SUPPORT and RESISTANCE.
You said in the video that mastering support and resistance is very important to trade.
So what should I do ?
Support and Resistance are just areas on the chart where price may stop and react from. But knowing what makes a good Support and Resistance is the important thing.
this is a great video! u definitly explain great
Glad to hear you like it :)
You really opened my eyes now thx man!!
Excellent! :)
fantastic!!! :)Exactly, What I'm confusing !Thanks navin
Glad it helped Phong :)
Great video! I've been trading forex since April this year and have had very mixed results. Always searching for the next best strategy and overcomplicating the knowledge I already have in my head; just totally confusing myself! This has helped me so much, thank you Navin!
Great to hear this, and keep on learning :)
Thanks man! On my way to becoming one of the best.
Awesome! :)
Thank you for this explanation.
You're welcome :)
Thank you!
You’re welcome Ceci :-)
Cool tutorial....Great explanation...
Thanks Mamunur! Check out our blog, Mamunur, and don’t miss any new post and other exclusive content => www.urbanforex.com/blog
Thank you so much! Alot of good info here!
Thank you for your kind words Hakon, we are glad to hear that you've liked the webinar :)
Your welcome, Keep it up with all this!
Also fantastic video.
Thank you for your support 1stlady :-)
Amazing video. How long is the MPA course going to stay at the price it is now?
Hello Zeinab,
Thanks for your comment.
As Navin mentioned in his recent webinar, the prices of the Mastering Price Action course are going this Tuesday (May 9th) from $197 to $249. So if you are thinking about getting his course, be sure you do so before Tuesday midnight! You can get it here: www.urbanforex.com/offers/UpHLZc9A
Thanks you
You're welcome Rahul :)
thanks for the video navin, u r awesome...
Glad you found it helpful Anikit
✌🏾️ FX is the future. 4years in and I can't get enough of this profession. Liberating and truly amazing. The journey of discovery of yourself and the world in general. Forex 🚀🇿🇦
👍
Thanks man your great .
Thank you for your kind words :)
Are these methods useful only in a forex market or can they be applied to equity markets as well?
Yes, the concepts from Navin's courses can be applied to most markets. For more details on this please email us at info@urbanforex.com. Thanks
What an Aha! moment. Its like looking down from the clouds. I understand the whole picture
THat's great to hear!
Hi Navin, I'm a swing trader and I wanted to know whether the support and resistance zones can be drawn in on the monthly, weekly and drilling down to the daily? Or is this a technique for day trading?
Hello Stewart,
Thanks for your comment.
The support and resistance zone can be drawn in on the monthly, weekly and drilling down to the daily. The technique works for short-, mid- and long term traders.
Thank you so much for the reply, I appreciate you're extremely busy.
is this an effective way to trade break and retests when trading with the trend? And would you trade it if price retraces to the zone but doesn't close below the lowest/highest line? Or would you consider that trading into a key level?
It's an effective way to trade breaks and retests when trading with the trend. But retests of broken support and resistance zones do not happen all the time. Sometimes price will just move in one direction and leave you behind. Trading into a key level needs patience (on monthly, weekly). It won't test it only once. So after several failures there I would give it a try. Hope that helps
Sir What should I use to put Support & Resistance on Chart? Horizontal Line, Trend Line or Fibonacci Levels? I use 1 Minute Candlesticks Chart on EUR/USD.
Generally the horizontal line is the most used :)
awesome bro keep it up love your vids 😃😃
Hello Illuminati,
Thanks for your comment.
Glad you like them :-)
Thanks for this
You're welcome :)
thank you great video
Thanks for your kind words :)
So you are not actually getting in on the retest of that initial support turned resistance point on the 15min chart but on the micro level of resistance (2nd resistance bounce based on the break of previous support of that initial resistance bounce?
Hello 1stlady,
Thanks for your question.
Correct! Your entry is on the micro level of resistance.
Why the like to dislike ratio is same as the ratio of unsuccessful to successful traders 😞
This is a tough one, but I'm sure with practice, you can become a succesfull trader too :)
Thank you Sir. This Course is useful to all.
38:43-38:53 can someone explain that part? It seems to the the final point and main point of the entire video. It looked like the rubber band man was running up and he died suddenly. Why did he die suddenly?
Hello Azu,
Your higher timeframe (60min) is pointing down already. Furthermore the rubber band man could only make barely a higher higher on the 15min and was not able to reconquer the former support again. Subsequently he went back to recent lows and you take the trade during the retest of the resistance.
+Dean Johnson At what coordinate on the grid is the shooting star you are talking about on?
The support and resistance platform is perhaps the best strategy for beginners. This is because it’s a very
obvious pattern with a good trade plan. I plan with Blended model strategy, acting with basic principles of the technical analysis which is former resistance becomes new support. Sure enough the market found support at former resistance and formed a bullish pin bar in the process. body candle close as bullish take profit.
Hi. By the way what school did you learn this detailed analysis (the small details)? If it's ok to ask?
Navin had a professional trader from Hong Kong as mentor and he has been working for a bank as technical trader years ago :-)
He's so blessed to have a great mentor. Did he graduate in a business university/college with a business course? I wish I'd known the stock and other markets when I was young (like 7) must be nice to graduate at 21 with great stocks since you were 7 w/ some parent's help and cash gifts, lol. thanks again.
breakthrough! need more information recommendations welcome!
What kind of recommendations would you need exactly?
commented before checking out the rest of your channel. but im basically just moving from stocks into forex and completely different game here just scratching my head a little but your videos seem to be helping clear up some things.
Ok, good to hear :)
At 22:45 when Navin opened GBPUSD 4h chart ...the price has come down so far and retraced back (price between 6th-8th..big red candle followed by a big green candle)..so do you consider it as a breach of level..or you just take it as a faker...if you take it as a breach then later on the buyer has taken out the GWS.and turned in to buyers area...so how to deal with this.. plz explain
It's a faker. So sellers might be done. But buyers are not back either. There is no flow in the market, so no trading :)
Do we use wicks to draw S and R or we use candle bodies.
We use the general area. We do not pin point the exact body or wick :)
@@urbanforex What do you mean.
We mark our levels in the general zone, not precisely at body or wicks :)
I just heard in your video you were in HK when you were on this webinar. Sounds good. Let me know if you come to Shanghai. Would love to take you to some nice places and delicious Chinese food. Cheers!
Sounds good Imran :)
Sir is it better or advisable to draw support & resistance lines on closing price i.e. line chart?
As Navin explains, you have to find the true support and resistance. Doing it that way, you'll see that sometimes you draw it on the close and sometimes on the wicks/tails :)
really good
would it be fair to say you are saying to : look at 2 time frames higher than you trade (time frame = divide/multiply by 4 (ish) ... if trade 15 min. chart, then start by looking at 4 hr. ( 15 x 4 = 1 hour (1 time frame higher)... 1hr x 4 = 4 hour (2 time frames)) ??? ie: if daytrade 1minute chart, then start at 15 (16) min. chart, then 5 (4) min. chart, then 1 minute : (1min. x 4= 4min. x 4= 16 (15) min.???
Hello Douglas,
Thanks for your message.
In the following i give you some examples, what time frames you can use together:
- Daily and H4
- H4 and H1
- H1 and M15
- M15 and M5
Hope that helps
ok , thank you.
I keep hearing of a "fast track course", that is supposed to be on fx watchers.com... I'm not see it... can you please help ?
We retired the Fast Track course recently as Navin has made the Mastering Price Action course, which goes into more detail and is more extensive.
You can drop us a message to info@urbanforex.com when you want more info on this course.
Whether we can consider the candlesticks shadows for support and resistance or not?
We need to consider the entire picture, and not only specifics :)
@@urbanforex Thank u very much😀😉
hi nav,,great vids,Wont it be easier to spot/ check for trends or support n resistance as an observation on line charts instead of candle sticks???cheers
Hello Kaz,
Thanks for your comment.
It's an possibility to use line charts instead of candlesticks. But in line charts the dH & dL are missing. That's an important information to check for support/resistance. That's why we prefer to use candlesticks.
Thanks for your quick reply.All the best
Hi, in another video i asked if these theories you explain are valid for cryptocurrency and you said they are valid for all charts. I've watched everything i could find about s/r said by you and i understand the basic rules(as far as i got it there are 3 rules),i kinda understand the concept, but maybe for the lack of experience i cant figure the s/r in ripple(cryptocurrency) chart. Is there a way we can chat, or you can make a webinar and show this to your viewers (or cryptocurrency is not what you do)? Must i pay something if i want a "private"chat.. or whats the score here? whats next?
There is always an S/R, on every market and on every time frame of that market and what Navin teaches here could've been the chart of a cryptocurrency. It really doesn't make a difference :)
If you want more info on how to understand the markets I would suggest to watch more of the videos on this channel or to join the Mastering Price Action course.
We offer 1-on-1 coaching, but I don't think that's what you are looking for :)
How can I join the webinar
You can register for Navin's upcoming webinar on our website: www.urbanforex.com
If you need any assistance, please email us at info@urbanforex.com :)
hello navin or armand r lucie.......why support becomes resistance and vice versa ..what is the pscology behind it
.
People remember prices. So when it reaches that price again, that memory kicks in :)
i dont understand what your using to determine whether hes healthy or not i dont even get what were trying to accomplish i need help finding a video for someone who literally has never looked at a trading graph before because i dont know what any of it means
A good start would be to have a look at the Website Babypips. They have free articles for begginers that will be helpful.
In the main time, you can have a look at our free content at either Navin's RUclips channel (especially his webinars) or Navin's blog (www.urbanforex.com/blog).
Once you understand the basics, if you want to speed up your learning I suggest you have a look at Navin's Mastering Price Action course (but I advise you to start with the free content and see if you understand and like Navin's style of teaching).
Info:
The Mastering Price Action course is a 7-week video course. You can watch the videos on demand at your own convenience. A new chapter is released every 7 days and the course is accessible for a lifetime.
Below each course video, there is an extensive comment section. In these comment sections, you can ask any question about that respective video. In fact, these comment sections have become so extensive that they have become an education entity in their own respect by now. You will always get an answer to your question within 24h and usually much faster (within a few hours or sometimes just minutes) :)
You can email us at info@urbanforex.com if you would like more details on the course.
dam man, your like on fire , so quick and sharp .amazing .
Thanks for your kind words :)
more video bro please, you have no I dea how much i have change my way of trading
Glad to hear that :)
At 38:42 what made you draw a support=resistance line under that red candle that is in between the 2 green??
Because price bounded from there. And if you look on the left you'll see that this price mattered a few times before :)
Urban Forex oooh right the top of the red candle from earlier meets with the bottom of that one
Correct :)
Urban Forex is a 3% stop loss to small, I had a limit buy at 1.62 today and it reach so it bought it and resistance at 1.55 but it went below the 1.55 and resistance from earlier was at 1.50 which is a little less than 3%. Anyway the lowest it hit today was about 1.53 so it never sold yet and is back up to 1.61, I was thinking I keep until it either goes up the way I want it to or sells at the stop loss. Is that correct or is my stop loss to small of a Percentage?
Stop loss should be a percentage of your account. We recommend 2% to 5% per trade (and just one trade at a time, unless you've been profitable for 1+year). The size of the stop loss in pips depends on the trade setup and you should aim for a minimum of 1:1 risk vs reward :)
helpful video iam trading in mcx india ,can ur masters trading course be used in any market, if so how to buy it from india ,thanks for the video
Hello Shanmuga,
Thanks for your message.
The concepts taught in the mastering price action course applies to any market :-).
To buy the course from India, please drop us a message to info@urbanforex.com. Thank you.
great video!
Thanks for the compliments Leopoldo
Does MPA course covers support and Resistent topic ?
Yes it does :)
@@urbanforex Just purchased course .. was curious to know ☺️
Enjoy the course Arun :)
This exact presentation was on the trading channel, the same example lol
Which trading channel?
Sir do you have beginner strategies on making trades and how to use different indicators to predict the market
1. We don't use - and haven't done so for years - any indicators. We only trade using naked charts.
2. It is not possible to trade with simple strategies. Market analysis with a set of analysis tools has to be used for every trade.
3. Navin doesn’t teach a strategy as such, as every chart is different.
Here is a video where Navin explains this in further detail:
support.urbanforex.com/article/51-is-what-navin-teaches-a-trading-system-or-a-strategy
I really need to understand your video but too bad for me,Still can't get the exact point. :(
Hello Eddie,
Thanks for your comment.
Sometimes it takes time to understand all the content what is taught by Navin.
I would recommend you also to go through Navin's blog: www.urbanforex.com/blog?page=1
Here you can find all necessary information to start with.
If you would like to speed up your learning curve, than I would suggest to take the mastering price action course.
The Mastering Price Action course is a 7 week video course. You can watch the videos at your own convenience. The course is priced at $197. But soon we will raise the price.
Topics during the course are:
- Money Spot
- Trends
- Channels
- Timeframes
- Probes, Fake Outs and Spikes
- V-Formations
- Gauging Momentum
- Sellers
- Buyers
- Ranges
Here is the link to the course: www.urbanforex.com/offers/UpHLZc9A
Let me know if you need any assistance in signing up.
@Caden Davison are u sure is not scam.They start by asking you to buy spi software from very suspicious source with no proper account. Are part of the scam scheme??? Watch itself as your days are numbered. That s an advice for you
Me too
@@HDRBGaming watch it over and over u will understand
coulton bishop bro what happens if the trend breaks the support or resistance line?
Hi, i am currently trading stocks but would like to start trading forex as well. Is it possible for me to trade both ? And can you recommend a broker that does not charge too much on commision and fees? I am just starting and cant pay too much on fees. Thanks
Hello Alejandro,
Thanks for your comment
Of course. It is possible to trade both. Technicals are more reliable in forex trading than in stock trading.
We only recommend brokers we have experience with or brokers that long term members have experience with. Having said that, none of them are flawless. Also, we are on no Introducing Broker program. They all have their pros and cons, but these are ok:
Oanda
FXPRO
Dukascopy
IB (Interactive Brokers) (Navin's Preferred Brokerage, he uses it himself)
Hope this answers your question.
yes, I like it.
Thanks Narit! Check out our blog, Narit, and don’t miss any new post and other exclusive content => www.urbanforex.com/blog
Hi. Thanks. Does this work for other countries' market? Thanks. God bless, Proverbs 31
Thanks for your question Seven. Navin's concepts are working also working for other countries market.
This should be finished in 5 minutes.
How so? :)
I only trade stock. In Malaysia we only allowed to go long.
If I'm a 4hr trader looking for a buy in upward market i am going to buy from seller looking at lower timeframe at the pullback. Prior to this I did find the candle formation but could not see it from buyer and seller point of view.
My AHA moment came when as a buyer you showed me how to spot the seller on lower time frame.
This is finger licking good video.
That to me sounds like you are a 1hour trader using the 4hour as your bigger boy :)
@@urbanforex thank you so much for the education.
@11min is he gauging the swings or runs, or are they the same thing?
They are the same :)
Urban Forex but I see a view runs within that swing, it doesn’t look like one swing in there.
It is not that important how you call them, as long as you can determine whether something is slowing down or speeding up :)
is this also applicable in 1 minutes timeframe?
Everything that Navin teaches is applied to any timeframe, including the 1m :)
Good video
Thank you Candy! Don’t miss any of my new lessons subscribing to my webinar list here, Candy => www.urbanforex.com