• Post category:StudyBullet-13
  • Reading time:4 mins read


Learn Three Price Action Strategies based on Support and Resistance Theory

What you will learn

The first steps towards price action trading.

How to find support and resistance properly in charts.

How to use one of the most powerful and simple method of trading.

How to find high reward trades with lower risk.

How to trade in rangebound market using support and resistance.

How to trade breakouts and breakdowns using support and resistance.

How to apply Re-Test theory in support and resistance.

How to use trend analysis to manage a trade.

Lots of Live/Bar Replay Examples of the concepts.

How to perfect the entries in various market conditions.

Description

This course shows you how to apply support and resistance to the financial markets, step-by-step and in a systematic way.

We shall be discussing three sets of strategies with their defined set of rules that you can apply for you to get used to trading with support and resistance – it is great for beginners looking for some guidance when venturing into price action trading. It is very simple yet very efficient!


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Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or reversal of a prevailing trend. Market psychology plays a major role as traders and investors remember the past and react to changing conditions to anticipate future market movement.

English
language

Content

The Basic Theory

Finding Support and Resistance
Understanding The Support and Resistance Trading Strategy
Detailed view on Close of Candles

Details of Trading Setups in Support and Resistance

Preparing The Trade Setup
The Stop Loss and The Target Selection
Detailed Discussion The Entry Methods
Understanding The Trade Setups at Supports or Resistances

Strategy 1 – Rangebound Strategy

Rangebound Strategy [Sell Setup]
Rangebound Strategy [Buy Setup]

Strategy 2 – Trading Breakout and Breakdowns

Breakout Strategy [Buy Setup]
Breakdown Strategy [Sell Setup]
Understanding the various Entry Methods of Support and Resistance

Strategy 3 – The Re-Test Theory

Re-Test Strategy [Buy Setup]
Re-Test Strategy [Sell Setup]
Understanding Retest Strategy using Support and Resistance