Have you faced this issue when trading support and resistance?
You try to go long at support, but your order isn’t filled.
Or perhaps…
You go long at support and got stopped out, only to watch price reverse and hit your target profit?
Don’t worry, you’re not alone.
In this video post, I’ll crack the 3 biggest myths behind Support and Resistance.
Once you’ve learnt the truth, you’ll never trade Support and Resistance the same way again.
I hope you’ve enjoyed this week’s video post. As always, comments are welcomed and encouraged. Cheers!
Thanks for watching!
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By Stock Chat

where the coffee is hot and so is the chat

35 thoughts on “Support and resistance trading busting the 3 biggest myths about support and resistance”
  1. Avataaar/Circle Created with python_avatars Baback D. says:

    So where do you suggest we should place the stop loss?

  2. Avataaar/Circle Created with python_avatars Lake Girl Roxy says:

    Thank you Rainer for the info, you make great sense! -i

  3. Avataaar/Circle Created with python_avatars JourneyMan says:

    would it make sense to place stoploss outside of the area of support/resistance instead?

  4. Avataaar/Circle Created with python_avatars The Generalist says:

    Great video about how how to think of multiple re-tests as satiating all the buyers and making a move down more likely.

  5. Avataaar/Circle Created with python_avatars aGr3atD4y says:

    thanks for this!

  6. Avataaar/Circle Created with python_avatars VicDamoneJr says:

    Price action around those areas are better confirmation

  7. Avataaar/Circle Created with python_avatars noppadol ekpaksakool says:

    I do love your impact of key messages and recaps. It’s really great thinking process and easy to follow.

  8. Avataaar/Circle Created with python_avatars Hashir Javed says:

    I like the way you teach bro. Keep up the good work 🙂

  9. Avataaar/Circle Created with python_avatars Yogesh Paradeshi says:

    Sir Plz Tell Me About
    2 Ponits – The More It Test The Weaker It Becomes…..
    That Means….
    Support And Resistance Effect is Decreasing It's Impact…?

  10. Avataaar/Circle Created with python_avatars venkatesh kumar says:

    Really thankful for your sharing knowledge…

  11. Avataaar/Circle Created with python_avatars Siddharth Gupta says:

    Hey rayner…i m watching the videos of "best trading tips" playlist. This is very helpful. I appreciate your efforts… Regarding this video…can u pls tell if SL is not placed at below or above the SR…then what will be the best price to put the SL?? Thanks in advance

  12. Avataaar/Circle Created with python_avatars Kamohelo Lekeba says:

    Amazing teacher

  13. Avataaar/Circle Created with python_avatars Tyrone Johnson says:

    GREAT video! I appreciate this

  14. Avataaar/Circle Created with python_avatars Chhota Py says:

    Your haircut is not good

  15. Avataaar/Circle Created with python_avatars Hisham Elkot says:

    you are not wrong, you are a fab

  16. Avataaar/Circle Created with python_avatars Joshua Thean says:

    so the answer is where should i put the stop loss? if i dont want to take more risk.

  17. Avataaar/Circle Created with python_avatars divine seed says:

    great experience

  18. Avataaar/Circle Created with python_avatars zZazz says:

    Thanks so much for sharing.  Can I ask with stop losses do you feel its better to use a mental stop given you should consider an area.   Also do u recommend using a profit and loss ratio when considering stop losses?

  19. Avataaar/Circle Created with python_avatars MrStrange says:

    Any specific number of pips that should be good to use as a SL to reduce the chances of being SL-hunted?

  20. Avataaar/Circle Created with python_avatars HEAVEN ON EARTH says:

    Then where is the best part to place my stop loss? Pls help

  21. Avataaar/Circle Created with python_avatars traders Chao says:

    請問有中文字幕嗎?.謝謝你.

  22. Avataaar/Circle Created with python_avatars Enrique says:

    Hi Rayner, but then how should we use this information? If it's an area what should we don? we can't buy an area, we need to define a "price" to buy/sell. Are you saying for example if it's a support area we should buy on the top of that area and put the support below that area? And also we should avoid trading on supports/resistance with more than 2 bounces for example?

  23. Avataaar/Circle Created with python_avatars Be Humble says:

    what if price is not sustaining in support and flushing.

  24. Avataaar/Circle Created with python_avatars Srinivas Kumar says:

    Excellent Asian Trader U r sir thank U very much

  25. Avataaar/Circle Created with python_avatars Jon320 says:

    Good video can you make a video about the stop hunts and how to recognize and trade them?

  26. Avataaar/Circle Created with python_avatars Nkosikhona Eugene says:

    I'm still learning and out of all the video's I've streamed about S&P so far, this one has proven useful. You're an awesome teacher Rayna, pretty much why i also subscribed… A BIG THUMBS UP Bro

  27. Avataaar/Circle Created with python_avatars The Notorious Fonzy says:

    Excellent vid man!
    I'm dealing with this problem currently on lines vs. AREAS…
    You did a great explanation on the matter 🙂

  28. Avataaar/Circle Created with python_avatars Marquin Brewer says:

    Thanks for your insight

  29. Avataaar/Circle Created with python_avatars Dawid Botes says:

    so lets say the market wants to break resistance from below, it keeps on touching resistance and then a slight sell off, by your argument will it eventually break trough as the resistance lose strength?

  30. Avataaar/Circle Created with python_avatars ChordNerd #Shorts says:

    What is the name of the song playing in the intro?

  31. Avataaar/Circle Created with python_avatars Hindi Kahaniyan says:

    That video makes sense. Very good counter theory actually works fine

  32. Avataaar/Circle Created with python_avatars Ridwan Gunawan says:

    "dont place your SL just below support or above resistance". <<< so where should we put the SL, pls advise, thanks!

  33. Avataaar/Circle Created with python_avatars David Howard says:

    the only thing I would add is to use a lower time frame and look for consolidation of price/candlestick reversals in those areas. on lower time frames or tick charts you can see the market rejecting the price.

  34. Avataaar/Circle Created with python_avatars paalu84 says:

    bro, I want to make few point here. first of all you can't buy just because there is a support there. for buying you should have a conformation or at least should have a hint of price reversal. and my second point is that the nearest support or resistance is good for first price target in case of short or long.

  35. Avataaar/Circle Created with python_avatars Michael Huber says:

    Thanks again for sharing Rayner. Great clarity and explanations on all your videos. 🙂

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