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    Thread: Is support and resistance needed all the time?

    1. #21
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      Yes this are the obstacles that will ensure that you make wise decisions and the movement will reverse at this points if not bridged, so we must always know in advance the resistance and support just to make sure we make profitable decisions.


    2. #22
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      support resistance is good trading tools but about is this needed all the time or not for sure that will depend on your trading strategy, for me support resistance is needed for every trade that i made because i trade with no indicator and use only candle and support resistance


    3. #23
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      that is the level where we are point out stop loss and target profit area. if we are observe how the price behave, we will know that on that area when changes often occur. either it temporarily or create reversal. that is why many traders use that level to point out the best entry and exit.


    4. #24
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      to determine the strength of price movements then we must know the point of oversold and overbought, both can be defined by support and resistance lines. What you are doing is correct to make technical analysis based on support and resistance lines so that it can make a prediction which direction price movement move?


    5. #25
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      I feel the need to determine support and resistance each time. sell when the resistance and buy when the price reaches the support, that's what I do every time. some people believe this is the best entry to create a new order that is quite effective.


    6. #26
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      Yes as long as a trader in Forex plans to set their stop loss or take profits, S and R is purely needed. Success in every buisness is alway based on the traders ability to control risks and detect good exit points.


    7. #27
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      Support and resistance level are necessary for every trade because it show the maximum fluctuation of price of currency for particular time frame . If trader knows about the support and resistance level then it will be easy to enter and exit from trade . For stop loss tools, trader get help from these levels .


    8. #28
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      Yes support and resistance level are the best point of setting take profit and stop loss. We should respect support resistance in trading system. Any kind of trading strategy needs support and resistance. I saw successful traders always respect that area to set their take profit and stop loss. We should also give importance of that levels.


    9. #29
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      Quote Originally Posted by meong     
      support resistance is good trading tools but about is this needed all the time or not for sure that will depend on your trading strategy, for me support resistance is needed for every trade that i made because i trade with no indicator and use only candle and support resistance
      Knowing your trade is important therefore understanding where your support and resistance levels should be is good too. Because any strategy involves the time of entry of the traders as well as the exit these strategies could be further supported when trader set support and resistance levels for themselves here.


    10. #30
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      yes support and resistance is very much needed in Forex trading it help to make any serious minded trader to know when to enter and exit the market at the right price. trader who trade with support and and resistance price are mostly calm and anxiety free when trading.


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