RISK WARNING : Devido ao factor de risco ser muito alto no trading no mercado Forex, somente os fundos livres devem ser usados para este trading. Se você não tiver o capital extra, que pode perder, não deve fazer trading no mercado Forex. O trading no Forex é conveniente somente para os traders institucionais ou traders privados experientes que podem resistir a perdas financeiras e que podem exceder o valor de margem ou depósitos. O investimento implica riscos substanciais, incluindo a possibilidade de perda total de capital e outras perdas que podem ser inaceitáveis para muitas pessoas. O governo não protege investimentos de perdas no mercado, diferentemente de poupança e de contas correntes num banco. Vários instrumentos de mercados financeiros têm diferentes tipos de riscos e de vários níveis. Trading em sistema electrónico pode ser diferente não somente de trading num mercado de leilão, mas também de outros sistemas de trading electrónico. Se você executa transacções usando um sistema electrónico de trading, estará exposto a riscos relativos a este sistema, incluindo falhas de software e hardware (programas de computador). O resultado desta falha pode ser que sua ordem não tenha sido efectuada conforme as suas instruções ou não tenha sido executada. Transacções realizadas em mercados de jurisdições estrangeiras, incluindo os mercados anteriormente ligados a um mercado nacional, podem expor você a riscos adicionais. Tais mercados podem estar sujeitos a regras e leis, que oferecem outras condições de protecção ou debilitá-los. Sua autoridade reguladora local não será capaz de forçar o cumprimento das regras das autoridades reguladoras, ou dos mercados em outras jurisdições onde suas transacções foram efectuadas. Você precisa obter a informação completa sobre tipos de compensação existente, as regras aplicáveis na jurisdição do seu país e outras jurisdições relevantes, antes de começar a fazer trading. Nenhum sistema de negociação "seguro" foi descoberto/reconhecido e ninguém pode garantir lucros ou liberdade de perda. Qualquer desempenho apresentado neste blog, não garante resultados futuros. Nenhuma representação é feita que qualquer conta é susceptível de obter lucros ou perdas semelhantes aos mostrados. De facto, existem diferenças acentuadas entre os resultados de desempenho anteriores e os resultados futuros subsequentemente alcançados por qualquer configuração de conta particular. Existem inúmeros outros factores relacionados com os mercados em geral ou com a implementação de qualquer configuração de conta específica que não possa ser totalmente contabilizada na preparação de resultados de desempenho anteriores e que possam afectar negativamente os resultados futuros de negociação. Uma vez que a negociação com êxito depende de muitos elementos, incluindo mas não limitado a uma configuração de conta . Por favor, perceba o risco envolvido como qualquer investimento e consulte Profissionais de Investimento antes de equacionar investir/operar.
Because the risk factor is very high in Forex trading, only free funds should be used for this trading. If you do not have the extra capital that you can lose, you should not do trading in the Forex market. Forex trading is only convenient for institutional traders or experienced private traders who can withstand financial losses and who may exceed the margin amount or deposits. The investment entails substantial risks, including the possibility of total loss of capital and other losses that may be unacceptable to many people. The government does not protect investments from losses in the market, unlike savings and checking accounts at a bank. Several financial market instruments have different types of risks and different levels. Trading in electronic systems may differ not only from trading in an auction market, but also from other electronic trading systems. If you execute transactions using an electronic trading system, you will be exposed to risks related to this system, including software and hardware failures (computer programs). The result of this failure may be that your order has not been carried out according to your instructions or has not been carried out. Transactions in markets of foreign jurisdictions, including markets formerly linked to a domestic market, may expose you to additional risks. Such markets may be subject to rules and laws, which offer other conditions of protection or weaken them. Your local regulatory authority will not be able to force you to comply with the rules of regulatory authorities, or markets in other jurisdictions where your transactions were made. You need to get complete information on existing compensation types, applicable rules in your country's jurisdiction and other relevant jurisdictions, before you start trading. No "safe" trading system has been discovered / recognized and no one can guarantee profits or freedom from loss. Any performance featured on this blog does not guarantee future results. No representation is made that any account is likely to make profits or losses similar to those shown. In fact, there are sharp differences between the previous performance results and future results subsequently achieved by any particular account configuration. There are a number of other factors relating to markets in general or to the implementation of any particular account configuration that can not be fully accounted for in the preparation of past performance results that could adversely affect future trading results. Since trading successfully depends on many elements, including but not limited to an account setup. Please note the risk involved as any investment and consult Investment Professionals before considering investing / operating.
Cumprimentos Marco Henriques

03/10/2021

1 support and resistance trading method

Support and resistance trading is one of the most basic forms of technical analysis, yet it can also be one of the most effective when done correctly. 

One of the most interesting aspects of support and resistance is the fact that these levels have a changing nature. So, broken support will often become resistance when retested from below and broken resistance will often become support when retested from above. Traders can capitalise on this common dynamic by looking to “trade the retest”.

Trading the Retest

support and resistance 3

So, in this example you can see that we have a really clearly defined support level in the market. We have  two big touches giving us our support level, we then get a further test of support where once again demand kicks in and holds price up. However, you can see that support is heavily diminished at this level as the rebound off support is only very shallow and price then rolls over and breaks down below support.

So, at the point at which price has broken down through this support level we now know that demand has been overwhelmed and supply is now stronger in the market at this level. So, as price then trades back up to retest this broken support level we can then anticipate that the level will act as resistance and we can use it as an entry point for a sell trade.

This type of entry is especially great during trending markets where price action tends to display this sort of staircase structure where in bearish trends we form support, break support retest and continue lower and in bullish trends we trade up, form resistance, break resistance, retest it and then continue higher.

When trading in this manner,  we can either look to just trade the level or we can take a more conservative approach where we wait for price action confirmation.

Waiting for Price Action Confirmation

support and resistance 1

So, looking at this example you can see that price is moving higher, we then form this clear resistance level at this point, identified by two touches at the level. Then we can see that demand overtakes supply and price breaks out higher. So, once price has broken above that resistance level we can then wait for price to come back down and retest it, anticipating that the level will now act as support allowing us to place a trade, positioning for a resumption of the bullish move.

However, instead of just trading the level and hoping for price to find support what we can actually do is wait to see how price reacts as it tested the level, looking to identify reversal candles that give us a clue that the level is going to hold. And, if you look at the price action that the market displayed as the level was retested you can see something interesting.

So, we traded back down to test the level, and we actually pierced a little below the level which is common, we then stalled and got this small bullish candle and then you can see on the next candle we got this big bullish engulfing candle once again which gives us a strong sign that demand has stepped in and a reversal higher is underway, allowing us to place our buy trade.  So, this is the type of process that we always want to follow when using these levels to place trades.

Using the RSI Indicator

support and resistance 2

So, if we turn the RSI indicator back on for this example you can see that we get another fantastic confluent signal. At the point that price trades back down and retests that broken resistance level, now turned support, the RSI indicator was heavily oversold telling us that momentum is overstretched to the downside and a reversal higher is likely. So once again we have confluence between all three elements, support/resistance, the indicator and price action itself.

We first of all identify the level by highlighting importance highs/lows that line up and then we wait to see how price reacts once we test the level, waiting to identify reversal candlesticks. Finally if we are using any indicators such as the RSI or any others, we want to make sure that they give us a confluent reading.

Hopefully this has now got you thinking about support and resistance in a more strategic manner and opened up some different ideas for you to consider when looking to place trades based on support an resistance.

Good decisions, Traders.👀👀👀



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