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Discover the 7 Secrets that Pro Traders And Banks Don't want You to know.
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Double and Triple Your Current Profit.
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Scale up Your Trading to the next Level.
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Discover the Secrets of Pro Trading.
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Become Not Just a Trader But a Pro Trader.
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Join the 1% Of Pro Traders.
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SUPPORT AND RESISTANCE STRATEGY + SECRETS
Definition:
Support and Resistance strategy Is the most used strategy among Pro traders, and that simply tells yo a lot, If It was not working, It would not have that much reputation.
However There are a lot into this strategy then what you might hear or read online, Lot of technicalities that goes into It.
In this Page I will Uncover a Complete S/R strategy for you with a lot of very important details that you don't want to miss.
What is the Performance of this strategy?
This strategy has been performing very well for the last 5 years and still till today.
Let's take a look at the performance table for the period 2016-2021:
What is the wining % of this strategy:
This strategy has been consistently showing an average winning rate up to 80%.
Does it work on Forex, Stocks and Crypto?
This strategy In this System Have been tested on different market instruments, and proven to return the same reliable results On all Time Frames:
What is the Best Timeframe to use this Strategy?
This Strategy can be used on all time frames (5M, 15M, 30M, 1H, 4H, 1D, 1W), depends on your style of trades, IntraDay trading , Day trading and Swing Trading To Long term Trading as well:
What is the concept of this strategy?
The Main Idea of this strategy is to follow the trend, and look for signals of entries in the direction of the trend.
To Simplify This strategy I call it TAT as short for Tattoo {Now you can not Forget it ;)}
TAT Stands For:
T: Trend: The price is in up trend or down trend.
A: Area of Interest: The price pulls back to an area of support or resistance as shown below.
T: Trigger: For this strategy to be more effective you need to use another Indicator like {candle stick pattern or MACD Crossover Or Moving Average Crossover} to find reasons and confirmation of entry and Exits.
And I Use it with SET stands for:
S: Stop Loss
E: Entry
T: Take Profit
Just Give me the Strategy?
Alright Let's get into it:
What do you see here?
How About Now?
Much Better Right! We can see the Price is somehow respecting the red lines.
Note: These lines are not hand picked they are drawn by an Algorithm, which use past history data to find the Support and Resistance levels.
Rules of the Strategy:
1- Define The Trend?
The Price is overall going up, creating higher highs and respecting the red lines.
So we are in an UP TREND.
Rule 1: Up Trend.
2- Find Support and Resistance Levels?
Typically in an up trend the price will move back down at the resistance level and will be pushed back up at support levels, That's what creates the PULL BACK.
Then the Price will break above the previous Resistance and creates new high, This Cycle Repeats again and again up until the up Trend is Finished.
Rule 2: Find Support and Resistance levels.
Secret 1: what banks are hiding!
Finding support and resistance is not only hard but takes a lot of time and energy and even when support and resistance are drawn traders are not 100% sure about the accuracy of these levels and how reliable these level are to be used in the future
as trading levels.
that why most banks are developing new tools to help their top traders find a more reliable, accurate and precise levels, off of which they base their
trading activities.
Note: All levels in the previous Example are found by Algorithm, The S/R levels Finder.
Such Algorithm will help find the best and most accurate levels using a smart formula that simulates and out perform the standard ways the traders use
to find these levels.
In dubaiforexgroup we use such tool that we have developed over years, and which helped hundreds of traders in their trading journey.
This Indicator will help:
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Provide accurate and precise levels.
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Save your time and energy.
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Alert you when the price is near important level.
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Send you a phone notification as well when the price level is about to hit.
3- Define the Impulse and the Pull Back?
Another way to define the trend is series of impulses and pullbacks:
Impulse: is a strong move in the direction of the trend.
Pullback: is a slow move in the opposite direction of the trend.
Rule 3: Define the impulses and the pullbacks.
4- Define Chart Patterns at the Pullbacks?
As a general rule all pullbacks form a chart pattern, It can be simple pattern or a more complex form:
Rule 4: Find Chart patterns at pullbacks.
5- Find Price Rejection at the support levels (Candle stick patterns)?
Pro Tip: Always avoid the first pull back as It does not indicate the trend.
As you can see we are looking for rejection candle stick pattern at the end of the pattern, which is an indication that the price is rejected and will be going up.
Rule 5: Find Candle stick patterns at the end of the chart pattern.
Secret 2: Of Pro Traders!
Candle Stick patterns are easy to be identified on the chart, once you get familiar with all of them.
But They are so many types, and Pro Traders, Usually Use Algorithms to help them detect and find these patterns with High precision.
With this Algorithm you don't even need to learn any of them The Candle Stick patterns Finder will Detect up to 20 different types of patterns and highlight
them with Arrows and names of the patterns on the chart, Not only that but it will deliver an Alert to both your computer terminal and your phone as a
notification.
sold
Using this indicator you will be able to:
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Quickly and easily identify the candle stick patterns, on the chart.
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The indicator will show, define and highlight the candle stick patterns on the chart.
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Get Alerted when the candle stick pattern isdetected.
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The alert can be sound alert to the MT4/MT5 terminal as well as a phone notification to your phone.
6- Wait for the Break out (BO) and Close out (CO) of the chart pattern?
As you can see the Price broke out of the pattern and close out of the pattern, the closing candle is very important and will be used for trade entry.
Rule 6: Wait for the Break Out and Close Out of the chart pattern.
7- Enter at the Close of the Break out/ Close out candle ?
Once the break out and close out candle ends enter before the opening of the new candle.
Rule 7: Enter at the Break Out and Close Out of the chart pattern.
8- Put your Stop Loss Just Below/Above the Chart Pattern?
Buy Trade:
Stop Loss should always go below the chart pattern in the case of a buy trade, Because If the price comes back and breaks below the chart pattern in a buy trade that would invalidate the trade.
Sell Trade:
Stop Loss should always go Above the chart pattern in the case of a sell trade, Because If the price comes back and breaks above the chart pattern in a sell trade that would invalidate the trade.
Rule 8: Put your Stop Loss Just Below/Above the Chart Pattern.
9- Put the Take Profit at 1:2 risk reward ratio?
Put the Take profit in double the level of the stop loss which means that if your are risking $500 on the SL, the Take Profit should be $1000.
Rule 9: Put your Take Profit at 1:2 risk to reward ratio.
10- Move Stop Loss to Breakeven when the Profit Reaches 1:1.5 risk reward?
Get to the Zone of Risk Free Trade by moving your SL to the breakeven which is the entry level plus 1 pip to cover the commission as well.
Then the trade is completely Risk free its either winning 2% of your capital of not loosing anything at all.
​
Rule 10: Move the SL To BE Plus 1 pip For a Risk Free Trade.
-
Discover the 7 Secrets that Pro Traders And Banks Don't want You to know.
-
Double and Triple Your Current Profit.
-
Scale up Your Trading to the next Level.
-
Discover the Secrets of Pro Trading.
-
Become Not Just a Trader But a Pro Trader.
-
Join the 1% Of Pro Traders.
​