Support & Resistance Trading Strategy Was Hard, Until I Understood This
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- čas přidán 31. 05. 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.
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Unlike an actual performance record, simulated results do not represent actual trading.
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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 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.
I wanted a support and resistance video from you so badly cuz you explain stuff like nobody else
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 !
lot clear you nailed it in my head thanks👍
This is so fascinatingly simple and well explained. more of these please
Wow Alex, your gift is truly teaching. Thank you
Awesome explanation Alex, this is something I was needing!!
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
Been following your trades and learnt alot!
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.
Wow!Nice and simple. Awesome! Thank you very much
Brooo tysm!!!
Finally understood this support and resistance thingy
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
literally made so much sense .. bro thank you
Thank you very much for telling me about the simple method, the information is clear.
This is so self explanatory, thank you Alex
This is a FANTASTIC VIDEO in all forms.... Diagramming , Explaining and simple Commonsense ❗️Big Ups👍
Keep in touch
Super interesting and informative, thanks Alex!
Thanks for doing these videos, really helps :)
Very well done video, easily explained and easy to understand
Bro your showing genuine think keep going it 🎉 appreciate
😅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..
Great content. You explain so well. Easy to understand. Much respect
are you profitable?
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
fxalexg the GOAT! thank you alex for every knowledge you have shared for free!
Keep in touch
Finally a breakdown that makes sense
Great explanation!
Such good free information 🙏
Great stuff Al. ty bro
Dedicated to the cause when you film with a storm behind you. Love it. 😊
Wonderful explanation bro..
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 🙏
Very helpful man
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..
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33440
The video is super useful. Please make another video on Market Structure.
Good video sir, thank you so much
U give awesome trade strategy and I learn allot
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?
Very Big Fan Sir. I love your Video's. And by the way First Comment...!!!
honestly no one explains it better than Alex
I used the support and resistance approach to successfully trade the Stock Account at Trade The Pool.
Alex, you're the man
🔥🔥🔥 Sometimes we gotta go back to the basics
Great content for tips on trading.
The 🐐 thank you!!
Bro this is really the 💎💎💎
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 you so much ❤
😅😅😅😅bro you're really inspired me, I know a lot about trading because of you.
Thank you sir ❤
best mentor ever
Thx you my broski 🙏🏽
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
Alex thanks for all you do for us So easy and simple.if you know you know.
Infact you are good teacher ,
how do you feel about market conditions at the end of the year? specifically towards the end of Q4?
First time learner👍
You are doing great blood ❤
Bro is his free videos enough??
you saved my life My Legend
bravooo...definitely sir
I exclusively use the support and resistance strategy when trading stocks in my Trade the Pool account.
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?
Now i understand support and resistance Perfectly, you make things easy for us 💯💯🔥🔥
Thank you 🤑🤑
i cant lie this guy explains so well
When ploting S and R, how would i know wether price would reject or not. ( Still trying to learn plz help)
thankyou!!
Thank you so much good man 😅
Much appreciated
What brokers allow MT5 and are the best for beginners? (I’m a beginner) 😁
The G.O.A.T is Back With Another Classic Banger...🤑🤑🤑🤑🤑
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.
Good lesson sir
Keep in touch
thanks
Learning day by day! Thank you Alex
My The5ers prop challenge was completed using supply and demand strategy.
thank u
which has it all planned out for utility than throwing away cash right?
Come to think of it can't you finness the system if you buy and sell between the support and resistance area?
The best❤🎉
My strategy for the5ers prop challenge is the support and resistance breakout.
Your strategy strong as the plant in the background👀🔥
What is the best time frame to trade on?
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
Big fan ❤
Thanks champ God bless you reach those of interest you want to rich 💪👊🙏
Keep in touch 🎉
What is the annual average ROI that you consider is good for you ???
Please tell me whether signals on Telegram can be used in Algeria time
Thanks bro ❤
Keep in touch
The most transparent trader I've come across so far
Keep in touch
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
Let's say I want to trade on London session which I'm not going to be up at 3am on Estern time . I can i set my trade before London opens where I think the market well be or the pair what I'm going to trade. I looked which pair are most traded with high volatility are euro/usd and British pound / usd euro/jpy
tanx bro keep it Up Brooooo
Keep in touch 🎉
Is resistance and support same as suply and demand ?