Double top price pattern FX
Double top price pattern
The price pattern shows the inversion of the chart.
The double top Patroton is very profitable if you use it well.
You can use it in markets such as: Forex - binary options - futures and other similar markets, with an unfeasible return.
BEST BROKERS
Figure 1 Double cover

Double top has the same 2 high points or similar because the price does not pass resistance. Switch from an uptrend to a downtrend
Figure 2 Real double top chart
When prices through the resistance at the top of the second to open the Sales Order after the candelabra 1-2 bars do not recommend the use of a large amount of a large amount of stop loss is fixed in the upper part of the resistance. When the price falls through the support And a new candle is opened below the support level. To open Sell again and stop the loss at the same point.
NewYear2020 EN 728x90_1
ESTRATEGI FOREX with SMA, MACD, OSAMA and Ichimoku Cloud
The main strategy that I have adopted from
Marklex is investing the investment in the area between 50 and 100 SMA in the 4h chart, using the MACD forest as a boost for trade.
I adopted the strategy and just changed to see it from the 1 hour chart. Therefore, when you look at it from the 1-hour chart, you have to multiply everything by 4. So, the blue moving averages are 200 and 400 and OsMA is simply the oscillator moving average (MT4 has no MACD histogram with lines), this It is exactly the same thing. Since the standard setting is 12.26.9, I have multiplied them by 4 as well.

When the price is well below MA, and the histogram is above 0, I will take trades in the direction of the blue moving averages (reversing the average).
The main idea is to have a trend tracking and reversal strategy on the same chart.

Trend following the strategy:

50, 100 Linear weight MA's (red lines)
MACD (12.26.9)
Ichimoku cloud
The strategy that follows the trend is to operate in the direction of moving averages and the price is above / below the cloud as a consolidation area, with the MACD histogram starting to print bars in that direction. There are the examples


The entrances and exits are discretionary, but I don't like to leave much of my earnings on the table. I am moving to BE with being +20 and leaving the market with 30-40 pips of profit.

Share your opinion, you can help everyone understand the currency strategy.
THE 10 ESSENTIALS OF FOREX TRADING

Contents
Dedication v
Acknowledgments vii
Introduction xv
1 So You Want to Trade FOREX? 1
Two Wolves 1
Follow the Rules 4
Your Personal Litmus Test 5
Your Life’s Purpose 14
Conclusion 15
2 Introduction to the FOREX 17
History of the Forex Market: How It All Began 19
What Is the FOREX? 21
Types of Traders 22
How Do Traders Get Paid? 23
Bulls and Bears 25
Types of Orders 25
3 Self-Empowerment via Trading Software 31
How to Determine Market Direction 35
Using Indicators to Determine an Entry Point 37
Using Indicators to Determine Exit Strategies 41
Using Multiple Time Frames to Trade 44

Conclusion 44
4 Trading Japanese Candlesticks 47
The History of Japanese Candlesticks 47
How to Read a Japanese Candlestick 49
Reading a Japanese Candlestick Chart 50
How to Find a High 50
Understanding the Different Japanese Candlesticks 52
Candlestick Formations 56
Bullish Candlestick Formations or Buy Signals 57
Bearish Candlestick Formation or Sell Signals 62
Trading Candlestick Patterns 68
Conclusion 70
5 The Financial Game of Support and Resistance 71
The Game 73
How do Bulls and Bears Score Points? 74
Identifying Highs and Lows 75
Resistance and Support 75
Learning to Short the Market 81
Past Resistance can Become Future Support 83
6 Trends and Trendlines 89
A Trend Is Your Friend 89
Trading a Trend Until it Bends 91
Spotting an Uptrend 96
Drawing Uptrend Lines 97
Finding and Drawing Inner, Outer, and Long-term Uptrend Lines 98
Incorrect Ways of Drawing Uptrend Lines 100
Finding and Drawing Downtrend Lines 105
Finding and Drawing Inner, Outer, and Long-term Downtrend Lines 106
Incorrect Ways of Drawing Downtrend Lines 107
Trends Inside of Trends 109
Trading Channels 110
The Value of Trend Lines 111
Conclusion 111
7 Buy and Sell Zones 113
Trends 115
Buy and Sell Zones 117
The Sell Zone 117
Shorting the Market When It Enters the Sell Zone 121
The Buy Zone 122
Going Long in the Market When It Enters the Buy Zone 126

Conclusion 126
8 The Fibonacci Secret 129
The History of Fibonacci 131
The Fibonacci Numerical Sequence 132
The Fibonacci Sequence in Nature 132
The Fibonacci Retracement and Extension Ratio Relationship 140
The Value of Adding the Fibonacci Numbers to your toolbox 146
Conclusion 147
9 The Reality of the Fibonacci Secret 151
Fibonacci Market Movement on September 11, 2001 151
Fibonacci Retracements Everywhere 155
Conclusion 158
10 Fundamental Analysis 161
Fundamental Announcements Analysis 161
Trading Days Versus Trending Days 167
Increased Risk with Trading Fundamental Announcements 168
World Economies 170
The Importance of Fundamental Announcements 171
Conclusion 174
11 Consolidating, Bracketing,Accumulation, or Sideways Movement 175
Consolidation Factors 176
Strategy 1 178
Strategy 2 181
Not All Fundamental Announcements Move the Market 182
Strategy 3 183
Bull and Bear Traps 184
Conclusion 185
12 Learning the Rules of Equity Management 187
What Is Equity Management? 187
The Equity Management Formula 193
Risk versus Reward 195
Percentages Mean Nothing When Trading 195
Conclusion 197
13 The Final Analysis 201
Education First 204
Our Habits Control Our Lives 205
Finding Your Pot of Gold 205
Glossary 209
Index 213

BEST FOREX INDICATOR WITH 1000 DAILY PIPS
Super forex indicator with an effectiveness of 90% for free download here at moneyactivo.com.
The Heiken Ashi exit indicator is a trend that follows the forex trading indicator. It is one of the most decent currency trading indicators you will ever find. It is really popular because it really works and it is popular to beat the market consistently. While the tests were being carried out, this indicator performed above average. Simplicity and precision are the things that make Heiken Ashi's output indicator special than others. It is widely used to trade in the forex market and is also used by commodity traders to trade gold, silver, crude oil, etc. You can also trade stocks with this indicator.
HEIKEN ASHI OUTPUT INDICATOR OVERVIEW



ABOUT HEIKEN ASHI OUTPUT INDICATOR
The output indicator of Heiken Ashi is actually a combination of a moving average and a Heiken Ashi bar. It's like a moving average because it moves like a moving average above and below the market. When the market is above the Heiken Ashi indicator, it indicates a bull market scenario and when the market is below this indicator, it indicates bearish market conditions. If you are too lazy to analyze those things, you can simply focus on the color of the indicator. Remember that the trend is the most important thing you should never ignore. When operating with this indicator, you should always be aware of the prevailing market trend. You should never operate against the trend, even if the indicator generates the signal. That is called discipline.

  Broker with better results for this indicator with almost 100% effectiveness
HEIKEN ASHI INDICATOR: BUY PARAMETERS
The market you are seeing should have an upward trend.
The market should be increasing from the level of recent support.
The Heiken indicator should turn green.
Execute your purchase position when the above parameters are met.
Set your stop loss below the recent low swing.
Get your benefit when the Heiken Ashi exit indicator turns red.
HEIKEN ASHI INDICATOR: SALES PARAMETERS.
The market you are seeing should have a downward trend.
The market should be falling from the recent resistance level.
The Heiken indicator should turn red.
Execute your sales position when the above parameters are met.
Set your stop loss above the recent high swing.
Get your benefit when the Heiken Ashi exit indicator turns green.
FOREX INDICATOR IN ACTION
DOWNLOAD THE TRADING INDICATOR
FOREX GOLD WINNING TRADING STRATEGY
Forex Gold is a trend that follows the trading system based on Golden indicators.

  Time frame: 15 minutes or more (recommended H1)

Pairs: all.

BROKERS WITH BETTER DEVELOPMENT
Metatrader Indicators: 4

Gold finger;
Golden super K;
Gold trend;
FDM supports a resistance;
Breakdown of flat MF;
Variety of gold;
FDM oscillator;
FDM Multitrend.

Long Entry:

The Golde Arrow finger is green and is confirmed by all Metatrader indicators and the price closes above the resistance of the flat breakdown.

Short entry:

The arrow of the Golde finger is magenta is confirmed with all indicators and the price closes below the flat breakdown support.

Departure Position:

Stop Loss: 3 pips below or above the flat breakdown (support / resistance);

Take Profit 5 pips before FDM support or resistance;

Trailing Stop
Sistema Forex Gold.
Watch the video for a better explanation of the BUY - SELL tickets.



TO DOWNLOAD
Scalping Indicator-Grail Indic
Scalping-Grail Indicator description
Grail Indic
By // grailforex.com It costs $ 1200!

The scalping indicator and works in all time frames works in currency pairs:
EURUSD, GBPUSD, USDCHF, AUDUSD, USDJPY, EURJPY, USDCAD, EURGBP
Free download Grail Indicator.rar:

Grail Indic.ex4
El indicador de scalping  y funciona en todos los marcos temporales funciona en pares de divisas:
EURUSD, GBPUSD, USDCHF, AUDUSD, USDJPY, EURJPY, USDCAD, EURGBP
Scalping Indicator-Grail Indic download
Bear Trap Trading Strategy
Bear Trap Trading Strategy
 Trading strategies for price actions Bear trading strategy
The bear trap negotiation strategy is a price action negotiation strategy, based on a price pattern called the bear trap chart patterns.

If you don't know what a graphic pattern of bear trap is, read this post: what is a bear trap (includes 5 tips to avoid it)?

Bear trap graphics patterns are bullish patterns, which means that once you see that, you should just look to buy.

Currency pairs: Any

Term: 15 minutes and more

Forex Indicators: None Required

Anything else?:

the ability to detect or identify the main support levels
the ability to perform operations with multiple time frames
the ability to identify bullish investment candles
Bear Trap trading strategy rules
Here are the trading rules of the bear trap trading system and they are really simple if you know how to identify the different types of bear trap chart patterns.

1- Once a bear trap chart pattern is formed, wait for the bullish candle signal.
2-Once that bullish sail signal is formed, place a pending purchase order pending at least 2 pips above the maximum of that bullish candle.
3-place your stop loss at least 2 pips below the minimum of that bullish candle or, if not, place it 2 pips below the minimum of the bear in the bear trap candle.
4-For profit-taking purposes, point to a risk: minimum 1: 3 reward or, if not, use the above swing as your "profit-taking target" ... an example is shown in table a continuation.
Advantages of the Forex Bear Trap trading system
a really powerful price action trading system, especially when a bear trap pattern is formed as expected and the price tends to rise explosively
The risk: the reward of this price action currency trading system is really great.
Simple business rules, nothing complicated.
Disadvantages of the Forex Bear Trap trading system
Not all levels of support will produce bear traps.
All forex trading strategies have their limits and for this strategy of negotiating the bear trap, sometimes what you think is a bear trap might not be a bear trap and the price will continue to fall independently. So expect commercial losses to happen and that no forex system is the holy grail.
Don't forget to share, tweet, like, link, mention this Bear Trap Forex Trading strategy if you enjoyed it. Thank you

WINNING STRATEGY FOR FOREX 2019
WINNING STRATEGY FOR FOREX 2019: It is the most simple and powerful trading strategy of this 2019.
Its effectiveness is around 85% reaching three times your capital.
High profitability trading strategy for forex, futures and cryptocurrency markets.
Simple but very powerful system, with impressive results.
The best performance obtained with these Brokers:
XM - JUST FOREX - IQ OPTION - BDSWISS

Platform: MT4
Currency pairs: ALL
Temporalities: ALL
Markets: ALL
Punctuation: 9.7 / 10
TO BUY
We hope that the 2 lines are crossed
Then the RSI is the line above level 50.
When this happened last BUY.

TO SELL
We hope that the 2 lines are crossed
The RSI below level 50
When these rules are met SELL
TUTORIAL

FREE DOWNLOAD THE BEST FOREX STRATEGY

FREE DOWNLOAD 
The economic growth of EE. UU Bounces at a rate of 3.2 percent in the first quarter
USMCA a potential boom for the US GDP?
Mattie Duppler, member of the National Taxpayers Union on the potential impact of the USMCA agreement on the markets and the economy of the United States.

The economy of the United States grew faster than most economists expected during the first quarter of 2019, according to data released Friday by the Department of Commerce.

During the three-month period from January to March, GDP increased at an annualized rate of 3.2 percent, surpassing the expectations of most analysts of 2.5 percent.
BOOMING IN THE CONSTRUCTION EMPLOYMENT MARKET: THESE STATES ARE HIRED A new window is opened.
THE STATES WITH LOW TAXES ARE LOCATED AMONG THE BEST PLACES TO MAKE A LIFE IN 2019 Opens a new window.
It also beat GDPNow, a real-time tracker monitored by the Federal Reserve Bank of Atlanta, which reduced its forecast to 2.7 percent this week due to weak existing home sales and a drop in investment growth. residential.
The economy shook to a large extent the effects of a five-week government shutdown, the longest in US history, that White House officials once warned could result in near-zero growth. The confrontation was the result of a dispute between President Trump and Democratic leaders in Congress over funding a wall along the US border. UU And Mexico.

Disposable income increased $ 116 billion, or 3 percent, in the first quarter. The general prices of 0.8 percent.

Investors watched the publication of the report carefully for signs to dispel fears of an impending economic recession. Shares rose by better than expected results in pre-market operations.

CLICK HERE TO OBTAIN THE FOX BUSINESS APPLICATION A new window opens.

"We started in 2019 with the fear that the longest government shutdown in history, combined with a softer global growth outlook, would affect economic activity in the first quarter," said Michael Reynolds, an investment strategy officer at Glenmede "The 3.2 percent growth is a solid result, which suggests that this long and late expansion may be more resistant than feared.

But despite the better than expected figure, some analysts suggested that the US economy. UU It will continue to decelerate in 2019 and 2020. Although inventories were high, which boosted growth, said Agathe Demarais, global forecast director of the Economic Intelligence Unit. It is likely to become a drag on growth soon.

Demarais estimated that growth in 2019 will be 2.2 percent, a sharp drop of 2.9 percent in 2018. She attributed part of that to the effects of global trade tensions. In 2020, he said growth is expected to fall to 1.7 percent amid declining consumer demand and a less favorable external environment.

"In this context, we expect the Federal Reserve to maintain interest rates this year before cutting rates by 50 basis points in 2020," he said. "This path for monetary policy will cushion growth from 2019 to 2020 and will help protect against a more acute slowdown in US economic conditions."
TRADING CHAMPIONS STRATEGY 2019
The Champions strategy is a trend strategy that allows you to find entry points with expiration until the end of the day.
For use in binaries with 1M candles and 5M duration
This strategy is widely used in stateunidences championships in both forex and binary.
It has a high level performance, for that reason this configuration has it as a trading secret that they do not share on the internet.
TF: H1
Expiration time: End of day indicators
EMA
MACD
RSI
Special instructions to use the Champions strategy.
Currency pairs (assets) for search signals: AUD / CAD, AUD / CHF, AUD / JPY, AUD / USD, CAD / JPY, CHF / JPY, EUR / AUD, EUR / CAD, EUR / GBP, EUR / JPY , EUR / USD, GBP / AUD, GBP / CAD, GBP / USD, GBP / JPY, NZD / USD, USD / CAD, USD / CHF, USD / JPY
Analysis time (signal search): 17:00 Moscow time - 20:00 MSC
Risk management
The trade is done in a fixed amount that does not exceed 5% of the trade balance.

Signal to Buy
The EMA indicator line is below the price (there is an uptrend)
The line and the histogram of the MACD indicator are above the "0" level
The RSI indicator line is above the "50" level, but not above the "70" level
TO USE THIS SYSTEM THESE ARE THE IDEAL BROKERS

Sell signal
The EMA indicator line is above the price (there is a downward trend)
The line and the histogram of the MACD indicator are below the "0" level
The RSI indicator line is below the "50" level, but not below the "30" level
Well, fellow traders, I hope you liked this efficient trading system.
All those who wish to opt for it free of charge leave me a message with your ID of the XM account to verify your activity in the broker,
IF YOU DO NOT UNDERSTAND IT YOU CAN ASK FOR THE VIDEO
DOWNLOAD THE CHAMPIONS STRATEGY


Price Action Professional Course
Free Price Action Professional Course
This trading course with the best trading method, Price action uploaded on YouTube never seen.
Subscribe to the channel we will be uploading free and very profitable systems.
Save yourself that $ 500 that you had destined to pay for the course and better invest it in your broker to make professional trading with this wonderful course of action of the price.

I RECOMMEND THESE LEGAL AND SERIOUS BROKERS
XM - BDSWISS - JUSTFOREX - ETORO
CONTENT
Price Action Course: What is the price action? and how to do trading


Price Action Course: The important basics of reading candles

Price Action Course: Indecision Candles on Charts Forex Winner




FREE WINNING TRADING ACTION COURSE 1What is the action of the price

Price Action Course: Candle Reading Basics




Forex Trading Strategy 5EMA and 8EMA
Very profitable strategy for forex scalping markets, binary options, as you can also use it in cryptotrading.
Simple trading strategiesForex Trading Strategy 5EMA and 8EMA
This is a simple currency trading strategy that uses the 5ema and 8ema indicators. This is how this forex trading strategy works:

If the fastest exponential moving average (5ema) crosses the slow ema (8ema) upwards, it is an indication of an uptrend.
  If 5ema crosses 8e to the downside, it is an indication of a bearish trend.
Commercial tickets are taken after crossing ema
INDICATORS:
you need the exponential moving averages 5 and & 8.

NAMES OF TIME
  Any

PAIR OF CURRENCY:
You can use this forex strategy for any currency pair.

PURCHASE OF RULES:
Wait until 5ema crosses 8ema up. Buy at the end of the candlestick that closes after the ema have crossed. Place your stop loss 5-10 pips below the minimum of that candle.
RECOMMENDED BROKERS
XMTRADING- ETORO- BDSWISS - JUSTFOREX
SALES RULES:
When 5ema crosses 8ema to the bottom, sell at the end of the candelabra. Place your stop loss 5-10 pips above the maximum of that candle.
TAKE PROFITS:
You can use a couple of options to take advantage:

your benefit should be established at least 3 times the risk in that trade
or you can aim to make a profit on the previous previous swing for a sell order and a previous high swing for a purchase order
HOW TO MANAGE A PROFITABLE TRADE:
How would you manage a profitable exchange made with the 5ema and 8ema forex trading strategy? Well, here are a couple of options you can use:

If the trade moves in favor, and you want to secure the profits, the best option is to move the stop loss and place behind the maximum (or low) of each subsequent candelabra that is formed. That means that for a short operation, move the stop loss and place the candlestick that continues making lower highs above the maximum. For a long operation, move the stop loss and below the minimum of each subsequent candlestick that continues to generate higher minimums.
Or if in the daily time frame, you can try using a tail end of 50-80 pips.
If you are in the 4 hour time period, use 25-40 pips of final stop.
ADVANTAGES OF THE 5EMA AND 8MA FOREX STRATEGY FOR COMMERCE
This is a simple and easy to understand forex trading strategy where beginner forex traders will find it easy to use.
In a market with strong trends, you can make many profitable pips when you overcome the trend.
DISADVANTAGES OF THE 5EX AND 8EMA FOREX STRATEGY OF COMMERCE
The forex trading strategy performs poorly in the trend markets.
If you trade with larger time frames such as 4 hours and every day, your loss of loss will be enormous.
which means that your risk will be huge, so you will have to negotiate small contracts to keep your risk within acceptable levels.
The exponential moving averages are lagging indicators and, therefore, each entry taken on the basis of moving averages is effectively "late". Which simply means that the price had already made a big move and you would not have entered the trade at the beginning of that movement
Therefore, at the moment when the forex trading strategy issues the signal to enter, it is possible that the market should make a temporary reversal and can also cancel its loss limit.


METHODS OF TRADING KENACCI PDF
Example of use of the price action with the fibo.

Hi. I give an example of the use of fibo to confirm the sail pattern. 1. Determine the swing high and low that day. 2. Find a reversal pattern in the 50% area, if you can not find it, it means that the high and low swing have not been created perfectly. 3. After finding, confirm with the bar after. Bull or bear 4. Then take action selling or buying. (By the way, the stock is selling). 5. Put a stop loss on Swing High. 6. Create price projections using fibo expansion. Pull the high swing to the low swing. (the shape is the same as the fibo retracement). Then, install Take Profit in 100% FE for TP1 and FE 161.8% for TP2 (rarely set aside on that day). The way to open can be like this: install the same 2 positions with the same SL and 2 different TPs. When the TP1 hits and one position closes, move the SL to open the other to BEP + 1pips. So if you turn around it's still profitable 1pips on the right. (We do not know with certainty when a lateral or strong trend occurs).
HAD:
pak kenshi indicator fiboPiv_v2 on pivot line (blue line) almost determines 50% reversal pattern with having pack of kenshi22 so it might be easier to use fiboPiv_v2 determination of 50% area please correct if wrong
Kenshi22:
more or less the same ... I just gave the principle. The implementation can be determined by yourself using what indicators. Before using one indicator, you must know the purpose and purpose of making the indicator. If I just use pull the fibo line with the standard deviation. Then if you want to see the new convergence / divergence using MACD / STOCH / RSI. Don't use too much indi later confused. note: in order to determine the correct price action (reversal candle) there must be a lot of practice. Make a note on the chart. Picture there about the shape of the candlestick. continue to observe what is right the determination of the candle moves according to the estimates. If you are continuously trained, you will be sensitive by yourself, and know the shape of the candle without having to look at the notebook again.
No problem with NIQ ... I am increasingly being asked, the more I remember.
Isn't there a saying that the more you give knowledge, the more we feel. ok now back to the question.
I think there is no solution. The problem is to confirm the candle is important sich. The problem is similar to the passenger and driver. After the driver confirms the destination desired by the passenger, then it can run. If you don't confirm, then just keep playing, then in the middle of the road you can turn the direction of the dech if the aim is wrong. But it can be done by looking at a smaller chart like M15. As I said before, see BIG picture, Medium picture, and Small picture. An example can be seen in the picture. For Standard Deviation it is only for seeing trends. When prices break out of the line, there is a potential for changing trends. The trick is to just drag the line from Swing Low and Swing High. Can be seen in the picture that there are lines of 3 parallel pieces (the bottom line I extend with the help of the trendline line). Note that the price is opened below the trend, it is a confirmation of the existing signal.

Anyway I use this technique which is a simplification of the Elliot wave, which is Basic Trading 123. I will not enter the market if I don't find this pattern. The problem is besides being busy with making my comics. I'm also looking for a bigger chance to win even if it's only to get 10 or 20 pips.
2. Convergence that is if the direction of the indicator corresponds to the price movement means that the price will move slowly - following the path. Divergence that is if the direction of the indicator is not in line with the price movement (the price drops even higher) means that there is profit taking done by the trader and finally the price will return to the track in accordance with the indicator direction. All the indi is the same as MACD / STOCH / RSI, just the difference in sensitivity. MACD is very late in responding to price movements but is the best indicator as confirmation of price direction. STOCH and RSI are very quick to respond to price movements, just so fast that they often predict prices. STOCH and RSI can also be used to see overbought and oversold. (surely you already know).
For example divergence can be seen in the picture.
3. For sideways or strongtrends can be used. Because price action only estimates the movement of a few candles in the future, not the whole. Whereas to see SIDEWAY and STRONGTREND you can use the STANDARD DEVIATION line, if the angle is made large

The importance of levels of support and resistance
Support and resistance is so important in trading.  Its reliability varies a bit from market to market.  In the Forex market, support and resistance levels are very important, but not as reliable as they are in the stock market. 
The reason for this is because retail traders only make up an estimated 15% of the Forex market.  When a big bank or international company need to buy a bunch of Euros, for instance, they couldn't care less whether or not the Euro is at a good technical level for a buy.  They're going to get their Euros. 
If enough Euros are bought, the supply drops significantly, and demand goes up, causing the price of the Euro to go up in relation to any other currency that it is paired with.  This type of transaction can cause the Euro, or any other currency, to spike right through what may have seemed to be an important structural point in the market. 
That being said, support and resistance is still one of the most important leading technical indicators in the Forex market, or any other market, so you'd better learn how to use it correctly. 
START IN THE TRADING WITH THE BEST BROKERS
Rookie Mistakes with Support and Resistance 
New traders rarely bother plotting out significant support and resistance levels.  I can attest to that, because I used to hate doing it.  Then I tried a few trading systems that relied heavily on support and resistance, and realized how much money I had been needlessly loosing over the years because of my laziness. 
I understand.  It can be a little daunting to learn something so subjective in nature.  As traders, especially after we've gained some experience, we like to use easy to follow, step-by-step mechanical processes.  That way, we cut out as much human error as possible. 
The problem is that not everything in trading can be done so mechanically.  Choosing good support and resistance levels is a mixture of mechanical rules, knowledge of how the market works, experience, and common sense. 
Another problem that new traders have, or traders that are new to the use of support and resistance, is that, when they begin to trace support and resistance, they tend to see everything as support or potential resistance. Luckily, this is easy to fix.
In fact, I ask you to follow this blog to avoid these mistakes, you must have a good understanding of what makes one level stand out more than another, which makes it a very important level, how the market makers use these levels and how you can use them. them in their own trade.

FOREX TRADING SYSTEM 95% EFFECTIVENESS
Get 95% accuracy and high profitability with the Forex parabolic multi-frame trade system: this is a trading system that follows the trend. The MT4 indicator of Tha Parabolic SaR 4 is the filter for the entry position
Forex Parabolic MultiTimeFrame Trading System is a trading system with high precision and profitability. But be disciplined: this means that you must know when to buy and sell. Base your decisions on your pre-planned strategy and stick with it.
Sometimes, you will retire from a position only to realize that it turns and it would have been profitable if you had stayed in it. But this is the basis of a bad habit. Do not ignore your loss losses: you can always return to a position. It will be more rewarding for you to cut back and accept a small loss than to begin to wish for your big loss to recover when the market recovers. This would be more like exchanging your ego than trading in the market.

BROKERS WHERE THIS SYSTEM IS PROBABLY
Entry conditions Buy
Parabolic Sar MTF acqua dot; 
MA Paraboli ST> Gann for the Parabolic Sar indicator; 
4 Parabolic time indicator Sar with a minimum of 3 green bars. 
TMA Slop green and upwards above the line 0.8 
4 TF Trend Red Bar
Entry conditions Sale:
Parabolic Sar MTF Magenta point; 
MA Paraboli ST> <Gann for the Parabolic Sar indicator; 
4 Parabolic time indicator Sar with a minimum of 3 red bars. 
TMA Slop red and down below -0.8 line 
4 TF Trend Red Bar


Note: Do not get emotionally involved in your trade. It does not matter if you are wrong or correct. What matters, as George Soros says, is that "you earn more money when you are right about what you lose when you make a mistake. "
The trade has nothing to do with the ego, although for most of us it can be disconcerting when we plan a trade, we apply all our logical skill and then we discover that the market does not agree. It is a matter of training to accept that not all transactions can be winners, and that you must accept small losses gracefully and move on to the next operation.
DOWNLOAD FREE FOREX SYSTEM 95% EFFECTIVE