1.Supports and Resistances Across:
The line within the graph of these values provides market as follows: check at least two screens back, this is a place in image compression lines, scroll bars or candles and minimally compressing and extending to a time the past. The first thing you will find the areas of congestion pricing or reverse points, usually peaks in "V", either upwards or downwards. From there, draw a line linking the largest number of these areas with a minimum of two.
From there you can return to today, seeing how many times in this journey has touched the price or value such zones and how they reacted. If you have between 3 to 4 touches to decrease, congestion or pullback is in the presence of a valid support or resistance.
Otherwise, keep looking because patience is just discovering these points. Once you find those areas now draw a line and let it remain binding in its graphical implementation. Now you have your current price and more of a support and resistance, which will call S1 and S2 respectively and R1 and R2.The sections between them are possible areas of operation.Note especially those sections of prices are in the direction of the trend.
Okay, we have a map of the current market situation and thus began his trading plan. Operate in areas that do not have price supports and resistances to stop the action of the price. Ask the farmer, who prior to the crop, cleans your field to get rid of weeds and anything that could hinder the growth of the seed.
