Traders Choice FX Metatrader Broker
Metatrader Forex Broker

Contact Us | Why TCFX | FAQs | Funding | Account Forms

Call Us: 781-342-0335

Demo Account

Trade Forex Successfully with
Support and Resistance Strategies


Improve Your Forex Success with Valuable Techniques.

Trade Forex Successfully with Support and Resistance Strategies

- About the Course
  Developer

- A message from TCFX

Forex Basics

Support and Resistance Theory

- The Pizza Incident

- Support and Resistance
  - Video

- The Depth of Support and
  Resistance

- Nothing is Guaranteed in
  the Forex Market

- What is the Point Then?

- Applying Support and
  Resistance

- Applying the Rules:
  Rules 1-3

- Applying the Rules:
  Rules 4-6

Forex Basics

Head & Shoulders Trade

- Head & Shoulders Trade
  [Continued]

- Entering the Head &
  Shoulders Trade

- Exiting the Head &
  Shoulders Trade

- Example of the Head &
  Shoulders Trade

- Head & Shoulders Trade
  - Video

Forex Basics

The Firsty Trade

- Firsty Trade - Video

- The Setup

- Wait for it...

- The Entry Point

- Recap of the Firsty Trade

- Recap of the Firsty Trade
  [Continued]

- Exiting the Firsty Trade

Forex Basics

Conclusion

Recap of the Firsty Trade

To recap the setup to the Firsty Trade:

1. Draw your support/resistance zones.

2. Place 60 ema, 150 ema and 365 ema on the chart.
    (ema refers to exponential moving average)

3. Wait for the moving averages to separate as the trend begins to form.

4. Wait for the price to pull back and touch one of the moving averages
    AND a support/resistance zone.

5. Enter the trade in the direction of the trend after a bullish candle
    (for an uptrend) or a bearish candle (for entering a downtrend)

6. Place the stoploss 10 pips above the high or low of the trigger bar

Take a look at another example of the Firsty Trade:

Disclaimer: Past performance is not indicative of future results

Support and resistance zones are found on the 1hr USD/CAD chart.

Disclaimer: Past performance is not indicative of future results

Further down the road the price confirms that this is a valid support and resistance zone.

Now you should watch the 60, 150 and 365 exponential moving averages on the chart. Wait for the moving averages to separate; this will signal that a trend might be forming.

Disclaimer: Past performance is not indicative of future results

Disclaimer: Past performance is not indicative of future results

Now you can see that the moving averages have started to separate. You should now be preparing for the price to pull back and if it does you might be able to setup your trade.

Support & Resistance Education   Support & Resistance Education
Forex trading involves significant risk of loss and is not suitable for all investors. While you can earn a cash bonus,
you can also lose money due to the inherent risk of trading. Read full disclosure.

The information contained in Facebook link: https://www.facebook.com/pages/Traders-Choice-FX/20302051398 is no longer current and should be disregarded.