Why You're Using Support & Resistances WRONG
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- Опубліковано 17 жов 2023
- I see a lot of traders make the same common mistake while using support and resistances. Here's an easy way to fix that! Enjoy!
If you learned something new, leave a like!
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Amazing. “I GOT RICH DOING THIS”
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon.
Get to her
*Elizabethgreena*
"Aha, it has begun to rise, I will buy in right now!"
*price immediately tanks*
SAME. EVERY SINGLE TIME. I place a trade, the moment i place a trade, it reverses and makes me broke for the 1000th time
@@Proparkourgamercandlestick reversal patterns helped me out. Learn a few of them and it will help confirm if price has actually started to reverse.
@@saiem8459 yea i saw a video about them but i need some time to memorize them
@@Proparkourgamerthat is because of the banks
They buy/sell large ammounts on purpose to influence the market and feint you. Remember every penny someone wins, someone has to loose it
Large green candle is typically followed by a red. Short red is typically followed by a green
If you enter a trade like that you will lose 8/10 for sure
Any recommendations foe enter?
@@FFFF-td2hlwait for the price to come back to a resonable level or enter before the breakout
True and the stop loss provided on the vid is way way bad
Never put a stoploss like that
Marking previous days and extended hours high and lows are how I make a ton of money trading 0-3 dte options on TQQQ. it's completely viable and a great way to identify Trend Days in the market.
Chartists are like ancient druids looking at animal entrails to oredict the future.
The astrology of traders
You just follow the news then?
@@Tradingpro132 I do my own research, after investing for over fifty years now and have done fairly well by ignoring the advice of carnival barkers.
😂
The best way is top down approach. Monthly Daily Weekly 2 hour or 1 hour candle.
Monthly 💀
@@Jeiydenbrother is setting his TP for the next millennia 😭😭
@@Tokloe Bruh’s an investor ATP🙏😭
short n sweet ty!
I think S&R breakout has potential, which is why I used it to complete my The5ers prop challenge.
Thank you so much 🎉🎉🎉
We want part 4 of learning
my approach is supply and demand in my Trade The Pool stock account
I also facing this issue few years ago from then I completed stopped ordering from Flipkart
This is amazing I love this, ❤
I use different colors to mark strong and "minor" resistance/support levels that way I trade more carefully when my key level is weak
Bro r u really profitable with SnR
@@WokiWakaToki yes I am. I hit a lot of good trades with this. My losing trades usually come from my psycology (entering too early, not waiting for confirmations, etc) This is the base of trading. Identifying when the market goes up and down.
@@WokiWakaTokiif you trade this way you will blow your account. Learn supply and demand and understand how and where the banks and institutions (The people that actually have enough capital to move the market) trade
Also look at the order book, you'll see where supports are
In real life of market you have the confirmation of entry well diferent, don't is like on vídeo and yes in flip zones or on fake violation and when the price return for region after fake broken, you have to do this and profit is large with full laverage.
I use fib levels for every stock trading entry I make in TTP.
Just use the fibs on the previous daily candle, easy fix
Can u specific what time scale these ideas work. Is it 5 min, 1 day, 1week from now on ?
5 min yes, 1 day yes, 1 week yes but you have to see the weekly chat and set the support and resistance based on the weekly bias
The real problem is treating fractal time patterns and inverted xhopped up markets the same as steady support and resistance levels, a d not understanding the desperate need for volatility, volume, liquidity, and risk management.
So, I'm thinking what most people think: who would place a buy order after that big of a peak candle? I know sometimes and most of the times on XAU/USD these things work but it feels sooo unnatural to place a buy order knowing that the previous 5 minutes there has been nothing but upward momentum.
It's that upward momentum showing on lower time-frames than the one you are trading from. you want strong momentum off of key support and resistance levels.
You are a Gem,.❤.. Gems bond😂
If I'm working with 15-minute intervals, is switching to 1 hour good for better markups?
Guys can you add previous day highs and lows to the Trading Lab indicator?
Thz
Stop loss based on what?
Can I apply this to my primary prop account, The5ers?
Or just use fib retracement
What does it mean when it's showing strength ?
Thanks for giving liquidity for my trade
is it for scalping?
Cool 5
I just like this guy lol
what do you use for editing?
Yeah your right bruh
What's per market high and low?
It's the highest and lowest prices reached in the hours after the market closes and the hours before the market opens.
Which time frame
Interesting…
What platform do I use to buy and sell?
Usually famous flatform is MT5
Did I use it wrong ?
Brother this isnt real
Get an actual education
@@Poli-uu6zh Like coolage, then get in debt and then live poor for the rest of my life. No thank you
@@free_potato this comment says everything people need to know about you
You want a shortcuts but never want to put in the work
@@Poli-uu6zh What do you know about me???
@@Poli-uu6zh i think he meant in trading its true that regular education "school/uni" path is getting less and less popular and for a good reason, a lot of "zombie" job applications too getting harder for new graduates to find a decent job that is in the field of their studies and being a doctor/engineer/IT specialist isnt everybody cup of tea even tho these professions are highly valued, for me personally even getting 20k a month working 9-5 for the rest of my life seems like a hellish senario bcs that would mean i would still have a boss and pretty much no freedom. trading requires a shit ton of work and mental fortitute and maybe just maybe after a few years in the markets u will be consistantly profitable, at the end of the day its about the freedom it can give u not the work. i would even dare to say its harder than regular proffesions if u wanna trade like a pro bcs there are so many variables the markets are constatly chaging and as a trader u gotta adapt on a daily basis which is not for everyone, most people prefer to put in 3-4 years in hard studing something then use that knowledge for the next 30=40 years with the markets u cant reallly do that at least not massive level as most of the strategies that were profitable 10 years ago could be falling behind or are straight unprofitable now due to market behaviour or might be due some new laws/regulations coming out.
liquidity grab
Window has also a resistance and support area why didn't you use it in your video czs there is a rising window
Why dont you just wait for the price to go up and Why do people sell the stock when its low
what is pre market high and low
8am-9:30am NYSE
@@An0maly6_9 can you please tell in NSE Indian national stock exchange
You never been to indian stock market ?
Let's collaborate
😘😘😘Zorg altijd voor een goede conceptvideo. Wat is de beste manier om te beginnen met beleggen/aandelen in cryptocurrencies en goede winsten te maken? Ik heb hier onderzoek naar gedaan.
Het enige dat u nodig heeft, is een professionele beleggingsmakelaar die u kan helpen en u kan begeleiden om goede winsten te maken. Daarom zal ik altijd lovend zijn over expert GEORGE ONTARIO, hij is een beleggingsmakelaar die levens redt.
maar in de wereld waar er veel oplichters en veel aanbevolen makelaars hier op UA-cam zijn, hoe kun je dan de legitieme vinden?
>Een legitieme makelaar is geverifieerd
brengt ook commissies in rekening na transacties, maar die oplichters doen dat niet. We moeten voorzichtig zijn, maar ik vertrouw SIR GEORGE volledig, die 5% na transacties in rekening brengt
Hoe kan ik contact opnemen met de heer GEORGE? Ik heb in andere video's veel mensen lovend over hem horen spreken.
This guys audience is liquidity
You would have just said pivot point
This is very helpful
eAsY PrOfIt~ blergh~
O
.
All trading channels should be shut down immediately
It's "wrongly", not "wrong".
Yeah, absolutely not. If you wait that long to get in and you set your t.p. that high, you're going to get stopped out 8/10 times.
That entry was so garbage .
First finished what you are saying, 😂😂😂
WTF..... AT the end " that's why".....???? Then what....😴😴😴😴
Why do you guys make this thing like Playing ludo?😐
Dont buy pumps lol you will lose more than you win
That's not what the video explains at all.
Horrible example , kinda didn’t even explain yourself about the lines
You would have billions since I subscribed if your videos wouldn't be **
Gay
dbag
lol
U said lol because he always say we have been using everything wrong right?
Same here buh i still wonder why he uses everything right and still a UA-camr
Shouldn’t he be at the bahama’s by now?
@@kingcee6036he used to make horror content
He Is not a trader