Wow , thank you for this teaching. I knew it was important, but somehow you presented it in a different way that gave me a lightbulb moment. First trade after watching this video I made 9.88% profit and the second trade 25.28% with so so much confidence and FEARLESS ! ! ! Thank you again. Keep up the good work.
@@HumbledTraderOfficial I usually play a breakout but been concentrating on buying support, trying to get more comfortable buying without action on support, what do you suggest?
You would not believe how many videos are out there explaining support and resistance, yet leave out crucial details like what time frame to do it on! Thank you for being a great teacher. Sub and like for sure.
>You may never know the value of that €1 you have until you go bankrupt, the bad experience I had last year really made me feel that our programs schools must contain more financial knowledge and education. It is never enough to have a good job, a huge salary and all the luxuries at your disposal. But saving money and investing wisely is never a bad idea,... I learned how to invest, no matter how little, but life really believed me in the long run. Thank you for the nice video, it's always interesting to watch your content >
The stock market is a place where companies raise capital by selling stocks or shares to investors. Shares give shareholders voting rights, as well as a residual claim to company profits in the form of capital gains and dividends. But investing in cryptocurrencies is better because you earn more and better.
20 dma on the daily is a common threshold to determine whether to hold or by a stock. 5 and 9 dma are another that could help to reinforce the strength of the support developing, sustaining or breaking down.
Interesting take on the meaning of S/R areas being tested numerous times. Your approach is that the more an area is hit, the stronger it is. I've learned & always practiced that while that is true for the first hit/test, because it's a fresh level, it's strength is lessen each time it's hit. It becomes less fresh each time price tries to breach it. Reason is because the buyers & sellers that were initially there when it was it's most fresh, are taken out or filled & those remaining are less. Thus weakening the level each time it's tested & the likelihood that it will eventually give way after enough hits. Love your stuff! Already subscribed under a diffrent handle (COD33 - forgot password), so I'll re-subscribe now.
Could it be that their are competing factors? 1. the more times a support is hit the more reliable it is. 2. The more time that passes since a support was hit the less reliable it is. Since some amount of time must pass before a support is tested again this would explain the "conflicting" views. If true, this is an important point, since we would prefer support tested 3 times in quick succession over support tested 3 times over a longer period.
Easiest way to validate would be to take the same strategy and conditions and test it twice. Once with a support resistance requirement of 3 hits, as per the video, and then another test with whatever number you think is correct of hits
Yes you are very true whenever it hits support or resistance it moves little higher|lower to test our patience I have seen this many times and sometimes I close the trade. Any suggestions how do you hold at this stage.
You can also take a look at the options chain of the stock as the contracts with the most volume tend to hover around these support and resistance prices (outside of the "at the money" strike price).
Great revision fundamental of technical analysis video. I love it ❤. Maybe sometime, create a video of structure market. The explaination about it and the example maybe from d real time of open market maybe. Anyway, thanks to u.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
@@HumbledTraderOfficial just a recording of it would be cool. With price action moving and sped up with you annotating things will be great. It can even be demo so you won’t get in trouble. But yea I understand the actual livestream aspect of it is bad
@@Ammo1013 We all make mistakes. Even tried and proven concepts can fail at times. Some traders don't like trading with pressure. I have to be right. I want to show people this works. That extra caution can result in waiting too long....or worse the reverse could happen... the trade gets rushed due to pressure to perform. Speed trading kills. As a trader we make a judgement call and it's always a calculated roll of the dice. The odds are in our favor. But it's just the odds. I hit about 85%. roughly. The ones i lose are tight as hell. It's a support level. If you are wrong... you are wrong... period. No point in having a huge SL. a few pips is fine.... usually i will set the SL at the level i would say a reverse trade was confirmed thus meaning i take a loss and a trade at the same time.... i have yet to lose in that situation. So my losers actually end up winning.
Could please let me know which platform is better for beginner day traders. For small account < 3k Cad. Think or swin is not available in canada now. :(
Hi Shay, I just had a quick question and was wondering if you are aware if any brokers that are accessible to retail traders gave access to dark pool orders in real time on the tape (time and sales)? I've done many searches over the web and seem to have issue finding a broker that provides this information. If you can provide an answer that would be really appreciated. It would be great to have a video talking about darkpool orders as well, thanks!
- I am so happy you made this video. You explained it so well and you always make your content so entertaining to watch as well. You're like that fun teacher in school haha
@@HumbledTraderOfficial ohh wow!!! I am not even surprised because you're so good at teaching about investing. I've watched so many of your videos and learnt so much. It is greatly appreciated!
Hey shay... ma'am, this is really really really helpful...I done my homework of watching and making support and resistance of 15 stock..I think I got that.... And please ma'am can you also teach us about OI...like how to watch it..or is that really helpful in day trading all that... That would be really appreciated 👉❤️👈
I love your videos, clear voice, simple and short. No bragging, no fussing, no confusion for us newbies. And keep those jokes coming, they lighten up my day after a terrible drawdown.
Best for that is fib retracement. It's probably 80% accurate if not more. Most of the time the candles will hit those lines. If you draw fib retracement every morning before trading, it'll make anyone much more accurate
(out of topic) a little bit brokenhearted seeing the pricing she gives for the academy, but it makes sense. The pricing that she offer allows the new traders to actually think, ponder, and consider how much target returns they need to make, in order to get the profits surpass the course price. Geez, not only a trader queen, but also A REAL trader mama or sister. This is a nurturing endeavors that prevent new traders from being lazy and think that day trading is an easy money. With noble, she seems to sort of saying "do what you do, don't give up, keep giving your best efforts to your hard-earned money. You can join once you have a rock solid knowledges from free resources, familiar with the bittersweets of day trading, and you know that this is what you really want to do!" 🙇♂🙇♂🙇♂
your videos are great! i like your way of teaching. Can i get your advice on how to backtest futures contracts on trading view platform? not sure if that’s your thing, but i figured i’d ask. thanks again for the great videos.
I use Think or swim for charts and I place my orders on Interactive Brokers :) I'll be creating new content covering all these initial steps to further your trading experience!
Hi, Think or Swim is a great platform to use for applying those indicators among many others! I'll be creating a video on it soon. Would love feedback, I'm working to develop clear playlists for new traders :)
Small question: when drawing support and resistance, do you draw specifically to the candle bodies only, or to the little hats or tails off the candle body? Thank you! :)
The video is great and all but did you find a way to draw support and resistance with the boyfriend though 🤣 need that video with detailed explanation for learning as well 😂
I'm still fairly new to all this. But i have begun drawing non horizontal lines for my resistance levels and I'm finding the lines tend to be more accurate. But I'm not trading stocks.
To A Different Angle: Wise: Don't trade! Trading is a game of chance. Support and resistance are nebulous, far from an exact science; not just the notion of exact lines, but areas we know not when distortion will derive. Rembrandt institutions paint shady lines to goose-chase the newbies and starry-eyed into the abyss.
@@eddyvideostar Oh yeah. I was actually having some success before Biden came in. But there was a point where the whole thing became too unpredictable and I got out. Since then I've been chasing other streams of income with the view to return to trading if DJT looks like he's a good chance of presidency. I think if that doesn't happen it might be too choppy for another term. (honestly it probably settled a bit but you can see with all these wars that the entire system is too unstable. To me it's not just about the numbers or the graphs)
@@adifferentangle7064: I appreciated Trump's work as president, making healthful noise in keeping the world quiet. In 2023, use day trading strategies moving with the direction of the volatility.
Is a US VPS with remote desktop worth it for less ping if you trade in another country? I get on DAS Trader 99-120ms ping and I saw people get 20ms ping and lower. Is it a big difference?
What might be helpful, or a good mini-series of videos would be how to pick your general zone of support and resistance based on the 1% rules. And/or include a this is how one played out. I planned this (for the day, week or hour - maybe all three) then show a creep forward into this is what happened. To me it looks like the magic is in judging the support resistance general zone.
Thanks Shay for the video ! Looking forward to you covering volume, trend lines and your BREAKOUT strategy. On side note, your lame jokes are quite funny
Do you have a rough range you consider close enough??? Like +/- 2-4% or something? I know the cost matters so that's why I was thinking a % range. 🤷🏻♂️
Big Fan I Love your videos !!! As a beginner, Can I use this method with Heikin Ashi Candles. I find those candles a lot easier to read compared to conventional candles. What are Your thoughts ???
No use of calculating support or resistance into the past of a chart because that chat will never repeat in to the near future ! Market is driven by fundamentals, big traders sentiment ,their trading psychology (how they interpret the economic situation which doesn't meant their thinking correct but their thinking is always imposed on the market due to their leverage in the market, good example is it tool over 6 months for most big traders to understand that inflation is not transitory and FED's are always lying etc.) and which game big traders planning to play in each day to maximize the profit ! Don't forget someone always should lose to big traders to make profits ! So Big players always have to deceive retail traders in the market to make a profit, in other words Big traders have to hit STOP LOSS of the retail traders always ! If market repeat base on simple support and resistance of the past chart as "Humbled Trader" telling then Big Traders will never able to hit STOP LOSSES" of the retails traders ! Just think logically !
the more times price hits/tests a price level does not mean that it is a stronger level.. it is actually the opposite.. you need to think of it as having the actual Buy & Sell orders in front of you.. It is Pending Orders that moves price & not Filled Orders.. so imagine that you have a stack of Buy orders on your right & a stack of Sell orders on your left.. everytime price returns to a certain price point, lets say 100 $ then what is happening to those orders !? They are being filled & so what happens once all those orders do get filled, then price has no other choice but to go in the other direction.. Ex price is moving up to a 100$ level & then Sell orders begin to get filled & price drops from that level, then everytime price tries to get back to the 100$ level more & more Sell orders are being filled until there are not any left.. so then what needs to happen to price, it has to go higher since there are only pending Buy orders left, in other words Demand then exceeds Supply & price has to break through & go higher..
Truth of the matter is "Trading Preachers" themselves mostly lose money ! If there is a trader out there who win say 65% trades then he won't come to UA-cam to Preach BS because he is busy on his trading and don't have time to waste in the UA-cam! Lol
Can u please make me uderstand wat do u mean of "Should have touched 3 candles or mre in the past?"Im trying to figure out something this would be a great help for me thanks!
someone try to teach me this for almost one month and im still not understand it, but with your way to explaining its each to get it thank you and god blessing you and give you what you wish for for sharing those info (Flower )
Ahhhhhh so glad I found your channel. The way you explain things is like butter! I’m trying to learn and drawing support and resistance lines was really throwing me off lol.
Wow , thank you for this teaching. I knew it was important, but somehow you presented it in a different way that gave me a lightbulb moment. First trade after watching this video I made 9.88% profit and the second trade 25.28% with so so much confidence and FEARLESS ! ! ! Thank you again. Keep up the good work.
i have been trading for a while now but review things constantly... and the simplicity of how you explain this was perfect... you rock
@@HumbledTraderOfficial I usually play a breakout but been concentrating on buying support, trying to get more comfortable buying without action on support, what do you suggest?
You would not believe how many videos are out there explaining support and resistance, yet leave out crucial details like what time frame to do it on! Thank you for being a great teacher. Sub and like for sure.
She did mention it. Daily and 1 Hour chart or Weekly
@@chrisalvarez1007 I didn't say she didn't, I was thanking her for those details.
John 15:10
>You may never know the value of that €1 you have until you go bankrupt, the bad experience I had last year really made me feel that our programs schools must contain more financial knowledge and education. It is never enough to have a good job, a huge salary and all the luxuries at your disposal. But saving money and investing wisely is never a bad idea,... I learned how to invest, no matter how little, but life really believed me in the long run. Thank you for the nice video, it's always interesting to watch your content >
The stock market is a place where companies raise capital by selling stocks or shares to investors. Shares give shareholders voting rights, as well as a residual claim to company profits in the form of capital gains and dividends.
But investing in cryptocurrencies is better because you earn more and better.
>
Planning on getting your course in next couple of day
20 dma on the daily is a common threshold to determine whether to hold or by a stock. 5 and 9 dma are another that could help to reinforce the strength of the support developing, sustaining or breaking down.
Wish i had you as a techer in high school.
That dad joke/one liner was funny!!!
The most entertaining and knowledgable channel. 🥳
Interesting take on the meaning of S/R areas being tested numerous times. Your approach is that the more an area is hit, the stronger it is. I've learned & always practiced that while that is true for the first hit/test, because it's a fresh level, it's strength is lessen each time it's hit. It becomes less fresh each time price tries to breach it. Reason is because the buyers & sellers that were initially there when it was it's most fresh, are taken out or filled & those remaining are less. Thus weakening the level each time it's tested & the likelihood that it will eventually give way after enough hits. Love your stuff! Already subscribed under a diffrent handle (COD33 - forgot password), so I'll re-subscribe now.
Could it be that their are competing factors?
1. the more times a support is hit the more reliable it is.
2. The more time that passes since a support was hit the less reliable it is.
Since some amount of time must pass before a support is tested again this would explain the "conflicting" views. If true, this is an important point, since we would prefer support tested 3 times in quick succession over support tested 3 times over a longer period.
Easiest way to validate would be to take the same strategy and conditions and test it twice. Once with a support resistance requirement of 3 hits, as per the video, and then another test with whatever number you think is correct of hits
When to sell is proving to be more of a challenge than when to buy.
⬆️Get in touch with me…!❤
I like you set up now than your previous ones. You're improving on your UA-cam videos. Keep it up
Yes you are very true whenever it hits support or resistance it moves little higher|lower to test our patience I have seen this many times and sometimes I close the trade. Any suggestions how do you hold at this stage.
Very well explained. Thank you 😊
You can also take a look at the options chain of the stock as the contracts with the most volume tend to hover around these support and resistance prices (outside of the "at the money" strike price).
Thanks for the examples you used, it made a lot sense.
Your a great teacher,
Thank you very much!
Great revision fundamental of technical analysis video. I love it ❤. Maybe sometime, create a video of structure market. The explaination about it and the example maybe from d real time of open market maybe. Anyway, thanks to u.
Greatly appreciate.
Wow thank you💝
Ask an ex for support you get resistance. Boiiii that was funny as hell.
thank you so much super helpful !!!!
You're welcome!
Thanks
Very good, very good
Nice video! Thank you teacher!! 😏
can you explain how you use volume?
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals
Yes true, I have been in touch with a financial advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
How do I Find this Person?
My consultant is Nicole Desiree Simon She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.>
Support and resistance looks beautiful in hindsight. Would like to see you execute a live trade with annotations and going over the logic of it
Wat do you recommend then?
@@HumbledTraderOfficial just a recording of it would be cool. With price action moving and sped up with you annotating things will be great. It can even be demo so you won’t get in trouble. But yea I understand the actual livestream aspect of it is bad
@@ViiRaLx713 why is Livestream bad? 🤷🏿♂️
One day you will look at this comment in hindsight and realize how completely wrong you were yesterday.
@@Ammo1013 We all make mistakes. Even tried and proven concepts can fail at times. Some traders don't like trading with pressure. I have to be right. I want to show people this works. That extra caution can result in waiting too long....or worse the reverse could happen... the trade gets rushed due to pressure to perform. Speed trading kills. As a trader we make a judgement call and it's always a calculated roll of the dice. The odds are in our favor. But it's just the odds. I hit about 85%. roughly. The ones i lose are tight as hell. It's a support level. If you are wrong... you are wrong... period. No point in having a huge SL. a few pips is fine.... usually i will set the SL at the level i would say a reverse trade was confirmed thus meaning i take a loss and a trade at the same time.... i have yet to lose in that situation. So my losers actually end up winning.
Your channel is so beneficial and useful. Love it!
great video
How humble you are?
Great video. Thank you.
Thank you for this.
New sub ☘️
Could please let me know which platform is better for beginner day traders.
For small account < 3k Cad.
Think or swin is not available in canada now. :(
⬆️📊⬆️
hi,can u make a video on when do we enter and when do we get out?thank you!
⬆️⬆️📊
You are amazing like always. Thank you so much for the videos. I ❤❤❤ Humble Trader
Hi Shay,
I just had a quick question and was wondering if you are aware if any brokers that are accessible to retail traders gave access to dark pool orders in real time on the tape (time and sales)? I've done many searches over the web and seem to have issue finding a broker that provides this information. If you can provide an answer that would be really appreciated. It would be great to have a video talking about darkpool orders as well, thanks!
Great explanation of support and resistance. Thank for putting my favorite stock name in this video Tesla 🙂
- I am so happy you made this video. You explained it so well and you always make your content so entertaining to watch as well. You're like that fun teacher in school haha
@@HumbledTraderOfficial ohh wow!!! I am not even surprised because you're so good at teaching about investing. I've watched so many of your videos and learnt so much. It is greatly appreciated!
Hey shay... ma'am, this is really really really helpful...I done my homework of watching and making support and resistance of 15 stock..I think I got that....
And please ma'am can you also teach us about OI...like how to watch it..or is that really helpful in day trading all that...
That would be really appreciated 👉❤️👈
I love your videos, clear voice, simple and short. No bragging, no fussing, no confusion for us newbies. And keep those jokes coming, they lighten up my day after a terrible drawdown.
Thoughts on using Heiken ashi candles for day trading ?
Best for that is fib retracement. It's probably 80% accurate if not more. Most of the time the candles will hit those lines. If you draw fib retracement every morning before trading, it'll make anyone much more accurate
(out of topic) a little bit brokenhearted seeing the pricing she gives for the academy, but it makes sense. The pricing that she offer allows the new traders to actually think, ponder, and consider how much target returns they need to make, in order to get the profits surpass the course price. Geez, not only a trader queen, but also A REAL trader mama or sister. This is a nurturing endeavors that prevent new traders from being lazy and think that day trading is an easy money. With noble, she seems to sort of saying "do what you do, don't give up, keep giving your best efforts to your hard-earned money. You can join once you have a rock solid knowledges from free resources, familiar with the bittersweets of day trading, and you know that this is what you really want to do!" 🙇♂🙇♂🙇♂
your videos are great! i like your way of teaching.
Can i get your advice on how to backtest futures contracts on trading view platform?
not sure if that’s your thing, but i figured i’d ask. thanks again for the great videos.
Hi what trading platform did you use?
I use Think or swim for charts and I place my orders on Interactive Brokers :) I'll be creating new content covering all these initial steps to further your trading experience!
When i asked my ex for support what i got was resistance. Hehehehe
Start telling your peeps to drop a like AND comment on the video🙂
Thanks for the great Video! :)
Thankyou. When we gona see more pole dancing? 😃
What is the name of this platform you used for charts please?
Dear Miss, sorry disturb your time..want to ask..how to setting support and resistance with price pop up? Thank you Miss.. Regard Haixing 🙏🙏🙏
Do you trade as a IRC 475?
ur so pretty and skilled! keep it up.
Hi, Im New to this, what software I could used in Canada to read the charts where I could use EMA AND SMA, THANKS
Hi, Think or Swim is a great platform to use for applying those indicators among many others! I'll be creating a video on it soon. Would love feedback, I'm working to develop clear playlists for new traders :)
that joke in the intro has earned this lady a like lol
Support
So when is it appropriate to use the 1 min, 5 min, 1 hour timeframe?
thank you humbled trader 😉
Another good video, thanks. One question I have is how far back in time to you look for resistance points? Daily-one year or all time.
Shay, I love to watch you and you give all the right information. I'll give you a LIKE and see you next time.👍
Love ur jokes or won't be here. LoL 🤣
Another great video, Humble. Agree, finding support and resistance is a must for any trader. It's the base of any trading strategy.
Small question: when drawing support and resistance, do you draw specifically to the candle bodies only, or to the little hats or tails off the candle body? Thank you! :)
Jodie McMillian: "Wicks" are useful on larger time frame candles.
The video is great and all but did you find a way to draw support and resistance with the boyfriend though 🤣
need that video with detailed explanation for learning as well 😂
Is there a discord room?
Thank you for making this video. Excellent as always.🥰
Thanks for teaching me
How to Differentiate between consolidating and Support level ? :) Thank you, maybe a video about that.
I'm still fairly new to all this. But i have begun drawing non horizontal lines for my resistance levels and I'm finding the lines tend to be more accurate.
But I'm not trading stocks.
To A Different Angle: Wise: Don't trade! Trading is a game of chance. Support and resistance are nebulous, far from an exact science; not just the notion of exact lines, but areas we know not when distortion will derive. Rembrandt institutions paint shady lines to goose-chase the newbies and starry-eyed into the abyss.
@@eddyvideostar Oh yeah. I was actually having some success before Biden came in. But there was a point where the whole thing became too unpredictable and I got out.
Since then I've been chasing other streams of income with the view to return to trading if DJT looks like he's a good chance of presidency.
I think if that doesn't happen it might be too choppy for another term.
(honestly it probably settled a bit but you can see with all these wars that the entire system is too unstable. To me it's not just about the numbers or the graphs)
@@adifferentangle7064: I appreciated Trump's work as president, making healthful noise in keeping the world quiet. In 2023, use day trading strategies moving with the direction of the volatility.
Do you reverse age? Looking good, trader!
Good video about the basic all should know. This is one of mye favorite levels to trade, and it so simple and easy. Keep up the good work!
Is a US VPS with remote desktop worth it for less ping if you trade in another country? I get on DAS Trader 99-120ms ping and I saw people get 20ms ping and lower. Is it a big difference?
What might be helpful, or a good mini-series of videos would be how to pick your general zone of support and resistance based on the 1% rules. And/or include a this is how one played out. I planned this (for the day, week or hour - maybe all three) then show a creep forward into this is what happened. To me it looks like the magic is in judging the support resistance general zone.
Hi. This is what my teachers told me. And dont wory about the jokes. Not that bad.
First I felt resistance but then I watched your video and now I would like to you give my support
Incredible information for beginners. Highly recommended for new traders like myself.
Thanks Shay for the video ! Looking forward to you covering volume, trend lines and your BREAKOUT strategy.
On side note, your lame jokes are quite funny
Do you have a rough range you consider close enough???
Like +/- 2-4% or something?
I know the cost matters so that's why I was thinking a % range. 🤷🏻♂️
Big Fan I Love your videos !!! As a beginner, Can I use this method with Heikin Ashi Candles. I find those candles a lot easier to read compared to conventional candles. What are Your thoughts ???
聽不懂英文。。。。。。。又想學你的教學視頻，要怎麽辦，只能啃翻譯咯。。。
No use of calculating support or resistance into the past of a chart because that chat will never repeat in to the near future ! Market is driven by fundamentals, big traders sentiment ,their trading psychology (how they interpret the economic situation which doesn't meant their thinking correct but their thinking is always imposed on the market due to their leverage in the market, good example is it tool over 6 months for most big traders to understand that inflation is not transitory and FED's are always lying etc.) and which game big traders planning to play in each day to maximize the profit ! Don't forget someone always should lose to big traders to make profits ! So Big players always have to deceive retail traders in the market to make a profit, in other words Big traders have to hit STOP LOSS of the retail traders always ! If market repeat base on simple support and resistance of the past chart as "Humbled Trader" telling then Big Traders will never able to hit STOP LOSSES" of the retails traders ! Just think logically !
Just wanted to say I’ve been enjoying these vids as I’m starting paper trading.
20 seconds in and im already shaking my head lol. Good Video!
?
The "ex boyfriend/resistance" joke. It's in a good way. ❤🤣
Your video was simple to understand while effective in application as well. Thanks and channel subscribed!
there are NO sellers than Buyers in any market. Plz don't do this!
Great explanation, thank you :) Would be great to have more examples through in motion if possible
the more times price hits/tests a price level does not mean that it is a stronger level.. it is actually the opposite.. you need to think of it as having the actual Buy & Sell orders in front of you..
It is Pending Orders that moves price & not Filled Orders.. so imagine that you have a stack of Buy orders on your right & a stack of Sell orders on your left..
everytime price returns to a certain price point, lets say 100 $ then what is happening to those orders !? They are being filled & so what happens once all those orders do get filled, then price has no other choice but to go in the other direction..
Ex price is moving up to a 100$ level & then Sell orders begin to get filled & price drops from that level, then everytime price tries to get back to the 100$ level more & more Sell orders are being filled until there are not any left..
so then what needs to happen to price, it has to go higher since there are only pending Buy orders left, in other words Demand then exceeds Supply & price has to break through & go higher..
thanks for ths. new sub here.
Convert candle to line, will see the S/R clearly. After drawing S/R lines, just conert it back to candlestick.
I love you! Your my favorite trader, and ultimate trader crush ❤️❤️❤️
No discussion on Volume? No way I draw S&R lines without looking at volume both spot and relative to prior price action.
If we should treat the line as a zone. Why don't we draw support and resist as a rectangle (from the wick until the body) instead as a line?
Truth of the matter is "Trading Preachers" themselves mostly lose money !
If there is a trader out there who win say 65% trades then he won't come to UA-cam to Preach BS because he is busy on his trading and don't have time to waste in the UA-cam! Lol
What timeframe are you using? Are R & S lines based on the body or the location of the wick? Love your videos.
Keşke Türkçe alt yazıda olsa.
Can u please make me uderstand wat do u mean of "Should have touched 3 candles or mre in the past?"Im trying to figure out something this would be a great help for me thanks!
someone try to teach me this for almost one month and im still not understand it, but with your way to explaining its each to get it thank you and god blessing you and give you what you wish for for sharing those info (Flower )
Ahhhhhh so glad I found your channel. The way you explain things is like butter! I’m trying to learn and drawing support and resistance lines was really throwing me off lol.
Are support and resistance levels always drawn horizontally?