- How to add indicators?
- trading events: How?
- Elite indicators :)
Market Condition
The beginning:- Market condition indicators/tools thread
- Market condition and EAs thread
- How to use Support and Resistance Effectively - educational thread
- Trend indicators thread
- Market Condition Evaluation (2 EAs were created) - the summary
- Market Condition Evaluation based on standard indicators in Metatrader 5 - the key thread
- Market condition - AbsoluteStrength indicator - the page
============
============
Level Trading
============
Identifying Trade Setups by Support, Resistance and Price Action - the article
Everything about support/resistance - key forum thread
- www.mql5.com
It is true about what it said about support resistance by many day traders.
Support and Resistance is the powerful tool for trading.
The scientist and wise trader always said this "If you want to predict the future using the data, in first place, you need to know the properties of the data."
If you want to use the support and resistance at the best level, then you need to understand how the support and resistance is articulated with the price data in the forex market.
I wrote in another post that price data is best described with fractal and fractal wave. Hence, articulating the support and resistance with fractal wave will provide you two important benefit for your trading.
Firstly, it will provide you to learn all the important trading strategy and technical anlaysis in shortest time with less trials and errors.
Secondly, you can improve the accuracy of your trading strategy and technical analysis by avoidng non righteous methods or tricks.
First benefit is important for starters as everyone want to save time to become successful.
Second beneift is important for experienced trader.
This post explains how the support and resistance is articulated with forex data.
- www.mql5.com
Support and resistance strategy ties up almost all strategies in technical analysis. Support and resistance levels are what you establish when talking about Fibonacci retracements, moving averages, trendlines, and chart patterns. You confirm with support and resistance when using indicators such as RSI, MACD, Stochastics, and others. One can say that the general basis of almost all technical analysis tools is tied up to your knowledge of support and resistance.
support and resistance alone is enough as long as you know the market sentiment or fundamental. There is no need for many indicators which lead to analysis paralysis.
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use