Need help on support and resistance!!! (0 viewing)
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Need help on support and resistance!!!
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Jeff (User)
Newbie
Posts: 34
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11 Months, 4 Weeks ago
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I m reading the book - Trading For Living, and found tat there r few criteria tat determine the support and resistance.
1. Length
2. Height
3. Volume
I dun really understand it. can someone help me with this by showing me a graph? Thank you...
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11 Months, 4 Weeks ago
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buy book on swing trading and candlestick chart , hard to explain to you
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Ben (User)
Senior
Posts: 259
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11 Months, 4 Weeks ago
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On the way up, all previous tops are points of resistance. On the way down, all previous tops and bottoms are points of support.
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Last Edit: 2007/11/28 08:46 By Ben.
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11 Months, 3 Weeks ago
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haha... support and resistance... took me a long time....
after you have managed to find how to identitify support and resistance, you will need to start determining which is the stronger one... hehe.... :P
Regards & happy learning...
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Jeff (User)
Newbie
Posts: 34
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11 Months, 3 Weeks ago
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RL wrote:
haha... support and resistance... took me a long time....
after you have managed to find how to identitify support and resistance, you will need to start determining which is the stronger one... hehe.... :P
Regards & happy learning...
huh... sound scary ler... hahaha...but it's challenging, i like it...
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