Support and Resistance Trading Simplified

http://www.tradinginanutshell.com/

Support and resistance is the basis of most technical analysis chart patterns whether you trade forex, commodity futures, options or stocks.

Stuart McPhee explains support and resistance as the concept in technical analysis that the movement of the price of a security will tend to stop and reverse at certain predetermined price levels.

In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying.

Of course these are just the basics, if you'd like to learn how to design a profitable trading plan visit:

http://www.tradinginanutshell.com/

Category:

Education

Tags:

• Support and Resistance
• stocks
• forex
• options
• trading
• technical analysis

[HorJoeEntertainment]

Hi hi! Have you thought about the British Box Breakout (google it)? Ive heard some awesome things about it and my mate got tons of pips.

[flixfinder]

I suppose I could use obv lines to predict trends that mite break through resistance? This is only my second day teaching myself, but I think im getting it.

[flixfinder]

How could someone use volume to identify when the stock will push through resistance?

[eddiea6987]

@Mrbignutzful maybe he meant buy at the break of resistance

[Mrbignutzful]

Question: Why would you buy @ resistance??

It would be much better to buy @ support 55 level or wait for the price to break through 65 level and retrace, then buy it...correct?

[mike35714]

Amazing video

[geografrica]

Thanks a mil.

Well delivered.