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!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
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!
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: https://www.youtube.com/tradingwithrayner
So where do you suggest we should place the stop loss?
Thank you Rainer for the info, you make great sense! -i
would it make sense to place stoploss outside of the area of support/resistance instead?
Great video about how how to think of multiple re-tests as satiating all the buyers and making a move down more likely.
thanks for this!
Price action around those areas are better confirmation
I do love your impact of key messages and recaps. It’s really great thinking process and easy to follow.
I like the way you teach bro. Keep up the good work 🙂
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…?
Really thankful for your sharing knowledge…
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
Amazing teacher
GREAT video! I appreciate this
Your haircut is not good
you are not wrong, you are a fab
so the answer is where should i put the stop loss? if i dont want to take more risk.
great experience
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?
Any specific number of pips that should be good to use as a SL to reduce the chances of being SL-hunted?
Then where is the best part to place my stop loss? Pls help
請問有中文字幕嗎?.謝謝你.
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?
what if price is not sustaining in support and flushing.
Excellent Asian Trader U r sir thank U very much
Good video can you make a video about the stop hunts and how to recognize and trade them?
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
Excellent vid man!
I'm dealing with this problem currently on lines vs. AREAS…
You did a great explanation on the matter 🙂
Thanks for your insight
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?
What is the name of the song playing in the intro?
That video makes sense. Very good counter theory actually works fine
"dont place your SL just below support or above resistance". <<< so where should we put the SL, pls advise, thanks!
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.
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.
Thanks again for sharing Rayner. Great clarity and explanations on all your videos. 🙂