How to Trade with Support and Resistance

There are 6 rules which can be used to draw effective support and resistance lines:

Rule 1. Support and resistance lines are zones, not specific points. Expect prices to reverse in this general area; do not expect prices to turn about instantly. These areas of resistance can easily range up to 30-40 pips in size.


One thought on “How to Trade with Support and Resistance

  1. Very efficiently written story. It will be valuable to everyone who employess it, including yours truly :). Keep doing what you are doing – looking forward to more posts.

Leave a Reply

Your email address will not be published. Required fields are marked *