How to Trade Support & Resistance in Forex! (Part 1)
Вставка
- Опубліковано 26 сер 2024
- How to CORRECTLY Draw SUPPORT and RESISTANCE LEVELS in FOREX. STEP BY STEP BREAKDOWN
Access to My Online Trading Course: The Swag Academy.
www.TheSwagAcademy.com
This easy walk-through guide shows you how to CORRECTLY draw on support and resistance levels (Key Areas).
We talk about key levels, where you should draw them at, how to TRADE off of them and much more. The market is 90% technicals, so it's IMPORTANT to find the COMMON KEY areas and not just place and support/resistance line anywhere you see price stop at. That's what most traders do and that's why their support/resistance levels aren't stable. Your support and resistance line should never be a random weird number like 1.34839!
Hope you guys enjoy the video! Please like, comment, and subscribe for more videos. Give me feedback in the comments on what video you want to see next!
And again, feel free to check out my website for more in-depth knowledge about the market! www.TheSwagAcademy.com
Look me up on INSTAGRAM!
SwaggyCTV
#forex #forexstrategy #supportandresistance
DISCLAIMER: I am not a financial advisor. The videos on my channel are for educational and entertainment purposes only. This channel demonstrates how I invest and day trade, but does not suggest that a viewer of this channel should use any particular strategy. Investing of any kind involves risk, and past results are no indication of future performance. Your investments are solely your responsibility and not mine. While day trading can bring serious gains, it can (and often does) also bring a likelihood of serious losses! If you decide to invest, make sure you do your own research to fully understand the commodity class and the operation of the market before doing so. You could sustain a loss excess of your initial investment and therefore should not invest money that you can't afford to lose. The fluctuation of the market can work for you or against you. You should carefully consider your investment objectives and experience before deciding to trade in the market. Again, what you invest in is solely your responsibility. Videos and written descriptions are © 2020, Christopher Williams, all rights reserved.
DISCLAIMER: Due to the volume of students within The Swag Academy and the rate at which we continue to grow, services we may have previously offered are no longer available. Please refer to www.theswagacademy.com to see what we currently offer. Thank you for understanding.
Who else has watched this several times and learns something new EVERY TIME?
watched this when I first got into trading, rewatching now that I know WAY more about forex and everything makes total sense now
I keep rewatching too hahaha
Rewatching for the 4th time lol
@@aboxofcheerios7682 exactly!!!
Me
Out of every forex UA-camd I’ve seen, I have to say he might be the best
After watching this video I was able to make $800 in a week and that's R13 600 in SA.... I appreciate the knowledge.
Eita
I've been trading for the last 30 years (mostly stocks) and I am impressed with your knowledge! You know your stuff. Congrats and good luck! Also go Raptors!!
Thank you my man!!
damn, four years ago. crazy. even tho i have your course, it's dope to come back to these older videos. what a journey!
how was ur trade dude?
This was four years ago....i thank God i was led to your chanel only thing with no regrets...if it wouldve been back then i can only imagine how much info i would've absorbed by now!..I just cant thank you enough!...Thankx for not with holding your knowledge!
Wow, so happy you found your way here!! As they say, the more you know, the more you grow. 🤞🏾
Broh there's so much passion in your teaching... and these nuggets that you are dropping are gold (Kahlid voice: you got the keys)
Appreciate you!!!!
@@KingSwaggy BTW I have to buy your course, I've been trading for only two weeks and because of your videos ONLY I've turned $85 to $450 in just a week... Soo I appreciate what you doing and I just hope you continue to get better
@@KingSwaggy do u usually draw this mid levels at 4h as well? and look for entrance on 15m or 5?
@@Thelightbeares hey Ronald who do you use to trade? i use TD ameritrade. I havent made my first trade yet.
@@andrewbanks2932 I use Hugo's Way but I would reccomend you use Traders Way, their spread is lower
Man, you killed it! I'm sure this will change my trading style, you are a hero to me. God bless you, bro.
Means a lot homie!!
I feel like I watch this every week to get my mind right and get back in the game, ready! 💯🔥🔥
Hello
Been trading for 2 years, but after watching your videos I realized that the knowledge I had was absolutely nothing. You really changed my trading life, thanks bro, bless!
My God, you are a genuine teacher... It gives me a new perspective of "support" and "resistance" now.
Working my way through your videos. Placing key levels , marking suppprt and resistance on Eur/usd on 1h , 4h & then marking it up on 15m. Your videos been most helpful up to now what I’ve seen will probably hit you up when I get to a certain stage after studying the market and back testing all these
Yessir!!!
Have a good trading plan, if you fail to plan, you plan to fail, have an entry rule, exit rule and money management rules. These rules will guide your daily activities in forex, stick to them and be disciplined
Investing in the forex market should be at the top of every wise individuals list especially during this recession
Ever since I ventured into forex, all I have had is losses and that led me to quit, so how ya'all winning or making profit from it?
The secret is, with a good account manager , who consistently initiates good trade signal and has working strategy, you are bound to win in trades. That's why Mrs Rose stands out for me, she has helped me make huge gains from trading.
Oh wow, good to know that you trade with Mrs Rose signals and strategy. She is good in what she does, I began Forex with 5120usd and after a week, with her signals I was able to make 20115usd.
Really Mrs Rose is Heavens sent, her knowledge and method only ensures wining and not just wining but huge wining in trades. I have not just been wining ever since I met her but I have had huge winings.
Mind blown after a yr of failures, love this , best part no falsifying indicators to clutter or cloud judgement
Appreciate you man!
This is one of the best trading videos I have seen in UA-cam, god bless ur heart, none trader teach this for free.
Glad I could help fam. Keep going!
He’s right all this fucking video is amazing you’re amazing. Keep up the great work man this is fucking free knowledge. It makes me not much more interested in your course and you don’t even need my money. That’s where your knowledge has brought you. Congratulations honestly.
this is crazy am learning a lot from a video that is 3yrs old.. this is such good value i really appreciate it bro
Glad I could help fam! Keep it up!! 💪🏾
I have watched a lot of videos about support and resistance but the explanation in this video is the BEST! Thanks for sharing your knowledge and more power!
Thank you!!!
Tried a BUNCH of strategies. They would work for a while, but then I’d eventually blow my account. (I’ve blown about 6 accounts now). I’ve never started making money consistently until I started drawing my support and resistance levels. I’ve already made my money back up from my 6 blown accounts in about 3 weeks
This video finally opened my eyes!! Finally understand how to apply everything I learned to the charts
idk man if u read this or not, but ur my comfort trader that i always come back to wheneevr i need a buddy to rely on, u make me feel not alone and whenever i feel down i refer to ur videos and they make me feel sm better. Im really grateful to have discovered ur channel, just thought ud know
Love this! Glad you discovered my vids. I appreciate you!💯💯💯
This is so much perfect...
I haven't watch a video so explanatory like this.....
You a boss Christ....and am looking forward towards attending your program
Someone needs to give this man an award for teacher of the year or some shit damn my g u break it doooownnnn!!! FIRE FIRE FIRE
When you say you are one of the best teachers and when I think about that guy from Dubai whom you interviewed who said he learned Forex by watching your videos, you are right, you are indeed one of the best, I learned about you a month ago after I watched that video and ever since I'm watching your videos. I started trading last year August, having learned about forex from May last year but started trading in August.
I have watched a lot of videos which have been helpful too but yours I rate them *****. You are easy to understand it's amazing, you helped me understand some things I did not. MAY GOD INCREASE YOU MORE N MORE.
You got in at the right moment, fam! Shoutout to you for putting in the work and watching consistently. I'm just grateful to be a part of your growth process and I hope you stay locked in!! We keep leveling UP 💪🏾
Bank key level tip is straight 🔥🔥🔥
Appreciate you!
Not gonna lie i’m part of IM Academy but this guys a great extension of everything i’m already learning 🙏🏽
This is the best explanation of support and resistance I’ve seen 👏🏾🔥
Glad it was helpful! Appreciate the support for real! What kind of content would you like to see more of?
@@KingSwaggy I want to enter this world ...but I do not have money ...I am you 5 years ago ...I have maybe 15 bucks ...I want to know how to really start this...and what Forex is
Edit: I have 4 months until my 18 ...and I want to accumulate more and more knowledge ...and for your courses , I do not have money :((
Im back to this video again. Bro this video change my trading. It was the missing puzzle in actually taking profits. Those key levels are everything especially for scalping. Thanks bro. I may be buying your course soon, so i can learn about holding trades longer.
Appreciate it bro! Glad my teaching style clicks for you! Sometimes its just about finding a channel/mentor/course that matches up with your learning style then everything clicks. Appreciate the support 🙌
Learning so much from his videos and I'm actually understanding it...THANK YOU!!
Been trading for 3 weeks. Every weekend I've been able to add a different tool to my belt. I started with the 3 phases of a stock and being able to read that with MA. Then I learned how MACD played a part in that. Boom! Everything felt like it came fairly easy. False, I still didn't know ENOUGH but I was making serious money. Then I learned how to read Japanese candlestick patterns BUT not when to use them. I lost money, partly out of FOMO, Greed and NOT knowing when to enter and exit. Those 2 major technical skills have eluded me until I found your channel. Mannnnn shit, I'm more confident than I've ever been analyzing my plays. Breh! Thank you! Sincerely!
Focusing on indicators when youre first starting out is a mistake.
Blipyo You sir are correct.
Bro you have the gift of explaining everything so simple and I get it right away. The way you teach makes me remember everything because you keep it simple. I haven't heard anyone explain it the way you do. Awesome!
With every video I watch I am following along with my charts comparing and trying, I am 1000x times better off today that I was yesterday and as I watch one video it clicks something from another video i watched. The first video i started with was the Fibonacci video and I had so many questions like how to read the candles, the patterns, how to determine support & resistance, how far back and forward it would be relevant, etc. The way you break it down repeatedly in every single video there is no way anyone can say this is a gamble. It also becomes painfully obvious how critical it is to learn before trying live. So much more to learn yet so far from being as ignorant as I was yesterday or any trade before ever again.
I’m glad to see that the Astro FX is still a profitable course to take. That’s actually the course that I’m taking right now. I appreciate the video
Yessir. Astro FX are the goats man. I can only aspire to be as good as them!
This is great content man. Price action is where it's at keeping it SIMPLE and CLEAN
The way you explained support and resistance is straight amazing!
As soon as I make money I’m buying your course
This info is on another level. The efforts you put and the time you take to make these videos won't go unnoticed. Thanks a million, God bless you my man.
Dude, your 💯. I have used these key levels in my stocks & options trading.
It took me 2yrs to understand clearly this great gold nugget. Going through all those old videos.
So informative, the man spits knowledge like that! I wanna get on his level
I’ve watched plenty forex trading videos, and swag academy explains everything the best way every time
Appreciate it bro!! Glad my style helps you!
Once I get $300 I am joining your mentorship program. No doubt about that. And I can't wait for that already
Bro sound like a young jay z at moments 🔥💪🏾💸💎
He doesn't have a Greed heart like other Traders he likes to give value & help people. He'll go so much Farther in his own Trading Career. Much respect The Swag
Wow stacking the boxes and they match up. Thats crazy thanks for the free info your awesome.
You are definitely the best in the game. And you are giving out all this dope knowledge for free. I am definitely joining your academy
Thanks for the Snippets of Wisdom 🔥
I really wish I had found this video $500 ago🙃🤑🙃🧐🤯👏🏿
Kay Jones Lol
😂 felt this
New subscriber and I Love the fact that your so knowledgeable in the forex trading business! Your a smart young man..who just gave out tons of free advice. You will have nothing but SUCCESS! I’m currently teaching my 8 year old son about forex and we watch your videos together. I also plan on taking your course in August. So thank you !!👏🏽👏🏽🧕🏽🙏🏽🧑🏾🦱
I will definitely be joining your academy soon... I was in IML but to be honest that's not for me i saw your videos on here and I need you to be my mentor.
My guy thanks A LOT for this video, the knowledge you share is insane thanks alot.
I have been looking for proper support n resistance video today n this Is by far the best and satisfying I have found, search is done I am grateful bro
Great video! Very informative, Thanks!
I rewatch swaggys vids erryday, never too much valuable content...i try to soak it all up...swaggy bring that valuable knowledge....#SWAGGANG 💯💯
omg this is so easy to understand and is so right at the same time, thank you so much swaggy
You're welcome fam! Glad it helped you! 🙌🏾
I would love to know more on Technical Analysis. I have a hard time reading the chart. This was a great video. This enforces my training. Thank you!!!
First person I’ve seen incorporate quarters theory into support and resistance teachings on UA-cam . Good content
Man...you make this look so easy. If I could just take the psychology out of it, I'd be a far better trader!
I am just starting to milk money from the market thank to your videos
This video was a game changer. Seeing charts differently now
Great video, thanks for that. Going to hit some charts tonight and try to find these ‘key areas’ to see if I can spot the same patterns. Makes it easy to find entries and trades when you know what you’re looking for!
you're the man!! thanks for putting these videos out, really really helpful and much appreciated!!
Your channel has simplified trading for me. I salute you brother!
So much free game in this video... Most ppl won't appreciate this until depending on one's experience. Great video!
Watching this high and when he got to the boxes my head exploded
Davion Watkins lol me rn
I swear bruh!
this is really helpful, made me good amount of profit. We really need a part 2 swaggy gang
Go get it!!!💪🏾💪🏾💯
Peace and prosperity bro I'm learning from u daily 🙏 God bless you even more
Please, what timeframe should i use to draw my support and resistance if i want to day trade?
This is way better than what those "pros" teach.
Brahhh!!!!!!!!!! this guy is the goat
I didn't have much span while watching this stuff but am really moved by the way you plot ur levels
Let sub and keep quite
Thanx brother
Hey Champ, going through all your old videos since I saw your interview on Words of Rizdom with Yarimi!
Very inspiring.
I am part of the lab too.
Awesome! See you inside the lab fam! You got this! 💪🏾
Great vid, little mistake at the beginning with the editing but it’s calm. Great content as per bro. Thanks 👏🏻
Your knowledge is on another level
Just starting watching your videos, thanks for sharing man , great stuff...
Bro there is no one who could have described that better than that! You need some body guards because I think you are so laser sharp and sure of your method and it shows that the banks are going to put a hit on you or try to hire you! Serious Bro! That was amazing! I have seen may courses and live with my mentor who is an old dragon but he is too old to adjust for the time now and his chart is covered with fibs, quarters, and so many lines you cannot figure out what to look at. But I must say you hav a solid understanding and system that seems to be super reliable and I can follow this and execute this method! Amazing trader Bro!
🐐🐐 just started watching you a few a days ago and I’ve learned so much
Today I subscribed your chennel from my 2 accounts. You such have a great experience in this.... I have been 5 years in forex market and you are added in my top 5 traders list love from pakistan
This video has helped me so much! I'll watch it a few more times to really get it down. Thank you!!!
i love how you get straight to the point - love your content
this is so correct .. watch it once back then didn't really understand it much but now that am getting better at trading its all sweet and clear now ..big thanks brother
Started learning about 3 weeks ago and I finally understand exactly what you’re doing
Currencies can change in the blink of an eye, and if a trading platform is not up to the task in hand, you could find yourself losing out on some smart investments.
A good platform is key to a traders success. Any trader having issues with forex trading, should sign up for a fund management service ☺️
Emily Kristen How exactly does signing up for a fund management help you.
Jenifer Uribe first off, a fund management service is a trading setup that allows an expert to trade on your behalf for a 20% commission. It helps a trader to minimize his/ her risk exposure properly.
Emily Kristen signing up for this fund management service, will help it Me control my emotions as a trader, because that my main issue as a trader. Thank you
Pirkka Ollenkato ok that’s a good question. Fund management service helps you as a trader to to minimize your risk exposure and also helps you as a trader to learn the necessary skills needed as a trader.
I'm starting my journey with forex and will be watching most of your videos 2 to 3x taking notes.
Thank you so much! Can't wait to see your progress man!
I can only imagine how decent your course is because the knowledge you drop on UA-cam is fucking GOLD like literally I’ll definitely be purchasing your course real soon❗️❗️❗️❗️
im loving your videos man so helpful and straight to the point
If your watching this PLEASE UNDERSTAND that this brother is giving this for FREE this alone will help you HIT so just imagine what his course is like... it’s a no brainer. God bless you.
Great content. Thank you. Am an aspiring trader and learn a lot from your videos.
Keep it up!! Let’s go! 🔥🔥🔥
Adding this to my strategy. Respect for the info brother
This is insane!!🔥🤑🤑 you’re a great teacher
Please give us a video on key levels, that is very helpful to our trading
Bro is the best thank u very much for the useful info
This dude is and mvp we are gratefull !!!
I would love for you to talk about how you do your taxes !
Thank you !! Im a few months new to forex 😁
One of your best videos yet, I think. Thank you.
Hi swaggy can you do a video on how much lot size we should be using based on our equity amount like if you have a 1,000 or 10,000 account etc
Very helpful video bro!..Wish you could do another video just on major and minor key levels...
Just started learning about forex! My brain is on 10,000 🧠 Good information tho !
Can you go over Taxes bro?
Is your s/r like this still?