Support and resistance trading seems simple enough but therein lies the greatest risk – complacency. That reason many traders make mistakes either with where they buy and sell, where they set their Stop Loss and Take Profit. Fortunately we have David Jones who will guide us in this endeavour for beating the markets.
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Very nice explanation, thanks!
at this video @ 8.20 to 8.40 minutes in the graph there is an hammer pattern with the bearish .
can it will be also the chace for falling of 150 points …..
MR.david plese say this for the considaration
anyhow it’s more usefull for me for finding the trading resistence and the support ..tq
Hi,how do I indicate take profit and stop loss in a market execution. I have tried without success.
Hi Isaac, you may watch the videos about Stop Loss orders in the channel. Here are some:
3 Tips For Stop Losses – https://youtu.be/nZeavIuaXrA
Where to Place Your Stop Loss – https://youtu.be/KQW2x86BH1U
The Disciplined Way To Move Your Stop Loss – https://youtu.be/hkKwPn56vm0
Where can I download your trading chart?
Hi Jude, Trading 212’s web app runs directly in your preferred web browser. Start now for free with virtual money at http://www.trading212.com/en/Free-FOREX-Practice-Account-GBP. Free native mobile apps for iOS and Android also at your disposal.
Thank you. Common sense nice overview of perspectives
Thank you for these lessons, you just clarified a lot of things I didn’t understand.
And again which software are you using there?
Trading 212 – http://www.trading212.com/en/Open-Practice-Account-GBP. Start for free with virtual money.
Im wondering where take profits would be placed? In the second example I noticed a lot of bounces off the support line, however they only went so high before coming back down. Where would be a strategic place to put take profit in order to ensure some gains before the market just comes back down? Apologies if there is already a video on this. Best regards David Jones you are a great teacher!
Jose Creed from what I’ve realized is, say the resistance is 5 dollars for example, I would just take my at 4.60 cents or 4.50 cents. If I got in at 3 dollars, I’m off the train at 4.50-4.60, cause everyone is trying to get off at the perfect platform which is 5 dollars. So let’s take Microsoft for example, if the support was 102 and the resistance was 110 this is me just speculating I haven’t check support or resistance on it, I would get off at 108.50 or 109 depending on if you’re trading stocks or options. But, remember the ATR also, and pick your options wisely.
Good Job! What is the time frame?
Hello Mageswaran, different time frames on the chart are used in this video. As per the current interface, you may find the icon that indicates the selected time frame in the web app’s toolbar at the chart’s top left corner. It’s the third icon from left to right, between the “Zoom In” and “Chart Type” icons.
What platform is he using ?
Hi Cesar, this is Trading 212’s web app. Trade with virtual money for free now at http://www.trading212.com/en/Open-Practice-Account-GBP.
id rather miss a move and not lose or make money, than anticipate a move and lose money.
Moral of the story,
1: analyse your resistance and support lines,
2: await for confirmation,
3: put stop/loss’s in place just in case your readings aren’t as predicted.
—- > outcome if your prediction goes well, well done. If you lose cop it on the chin and move forward.
This is one off the best the BS explanation of hiw to use R&S ive come across. I
great advice here.this video cleared me up on a lot of things as i’d earlier been stopped out of trades several times.
Stupid question, what purpose does a stoploss above a peak serve?
to minimize loss on short positions?
There is no stupid question only stupid answer
From my understanding you don’t want to have your stop loss at the support / resistance lines but a little further out to allow the market to test the strength of the support / resistance.
Very often the market will test the strength, try to push through then fail and correct again. If you had your stop loss on the line you would have been stopped out before the market turned.
What platform is he using
Hi Carlos, it is Trading 212. Practice for free with virtual money now at http://www.trading212.com/en/Practice-for-Free-GBP.
In a sideways trend, when watching for breakouts or confirmation of the continuance of the trend; what are some technical oscillators you might recommend to aid in predicting likely future price movement? Your videos are very informative, clear, and a great source of advice. Thank you!
Great info 👍
Thanks
Thank You !!!
Thank you
Like..
😄😄😄😄
Good explaining
I love how he’s support/resistance not over exaggerated very simply based on price candels trending.
What platform or website is he using to see the candlesticks ?
It is Trading 212. Try it out for free with virtual funds at http://www.trading212.com/en/Practice-for-Free-GBP.
I’m needing trade expert. bots loss too much, help
This is completely useless as this never work in live market
It does?
Sujeet Dubey I agree
Really good video guyz!
It is the second one what im watching from your channel … and it is really full with good quality informations !
Well explanation
sooooo buy when its near the support line, and sell when it is nearing the resistance line? I’m just getting into trading, and I’m watching a lot of videos
I’m pretty new to this too, but that’s the same message I’m getting.
Edit: Just also realize it might not get close to the Support or Resistance line, so plan accordingly. (Thats where the stops come in?)
Trading 212 is awesome.
the best!
David this is good but question … it’s not always smart to sell at the resistance line because it MITE breakout … So you need to give them under what conditions will it breakout or not .. We don’t want them to always sell at the resistance line if there are clues it will breakout. Clues such as 1. If it’s holding support & low float .. 95% it will breakout when it reach the resistance line. They will need to BUY not sell.
@Michael_Pintard18 what does it mean when it is holding support and what is low float? TIA. new to this and just started learning.
When you refer to getting confirmation, what does that involve?
it involves having a positive candle shown up which implies the likelihood of reversal
Meaning if the market was bearish and the price action tested the resistance line like it did 3 times, we would wait for a positive candle stick or bullish candle as confirmation before we effect the buy?
Thank you David. Will try this tomorrow. Will do it on options for 1 contract, let’s see how it plays out.
How did it play it out?
What’s teh name of the software this guy use to teach and show Stocks
Hi Unes, it is Trading 212. Take a look at http://www.trading212.com/en/Practice-for-Free-GBP.
The video is 11:11 long. I say this is a sacred video.
thankefully for your presentantation so nice keep it up to support all not yet to understanda about how to trade on forex
This is all I trade! Support and resistance. With all the Sma and the whole nine yards, this is the bread and butter!
So if you are an new trader well you have to wait for the another one or two candles to see if is a strong confirmation ! Maybe you fail to open or close actions in the right time but you are safe like this.
I dont call trading 212 trading 212
I call it trading 2 12 for some reason
I will call you j ojo then
As you don’t know where price is going, stop let are ridiculous. Traders are taking unnecessary losses because they don’t have enough money to keep going.
Support and resistance is purely a hindsight observation of accumulations of underline reasons.
Support and resistance is not an indicator for future trades.
This is the same as a critic talking about a movie.
Hayden .
This video is so helpful
could you pls prepare video about gaps what is gap? types of them and etc
Sir I request you to make a video on indicator BULLS POWER and BEARS POWER ……
and also HOW TO USE THEM COMBINEDLY
What program do you guys use to show these graphs on a laptop/pc?
Hi Gerro, it is Trading 212. Check it out at http://www.trading212.com.
Thanks sir i learned a lot
Very good video, thank you David
Thank you sir
Why not setting alert ? Seems totally logical
Love your way of putting it all together
Let me ask this, Does trading 212 allows their customers to deposit and withdraw directly from their website using master/visa card?
How to download that platform 212 trading
Why do you need three monitor
how do i get this app on my mac??
Arize R you can’t I tried you have to have windows 😩
Hi there, David is using the Trading 212 web app to trade. It’s web-based, so you can access it on any desktop computer. You can find out more and open a free practice account here – https://www.trading212.com/en/Practice-for-Free-GBP
Good info and gorgeous style to define your knowledge i like it i see some more channels on youtube but i cant find good teacher for teach us but i see some videos of your channel i like your teaching style man i really appreciate your teaching style
Actually i tried to trade but lost the money…first I’ll get it and then it goes I’ll loose the money…. I don’t know when to sell or buy??? Can you help me out with telling me when to do it?
Aswin john Perayira same with me !
Hi there, we can’t tell you when it’s best to buy or sell, but you can check out some of the other trading tutorials we have, and you’re bound to get a better idea of what to do in regards to opening and closing your positions.
Thank You for sharing these info! May I know what software are u using?
I have a question. For example i bought 1 dollar for 100yen, can i wait til the yen went up for me to sell to gain profit regardless how long i wait?
There is swap cost or carry over cost…You don’t even know when the price will come back
Could you clarify what do you mean by CONFIRMATION? What do you expect to get back and what is your course of action whether you get confirmation or net
this is clear as mud
Hello.
When i analyzed the price at daily time frame, after closing price it appeared long bearish candlestick, the price closed near lower band of Bollinger band, however i moved on to hourly chart, i saw the price at lower band of Bollinger band and the RSI was oversold. What should i do at this situation? the price is going to be down trend. For me i sell at daily time frame, is that right?
Great job sir… you taught very well and i got 100% ..! Respect you sir from Pakistan..! Very well guided.!
forex is not that simple.
Love these tutorials. Really appreciate all the examples. Showing me all the examples helps me learn so much!
Blah blah, all stocks are different, you wanna be a winning trader? You had better teach yourself. No scientific or muddled approach will get you there, you gotta be a 🤩 or ☠️to your trading account…
Trading since 6 month what should be my risk management….
Hi I’m new to trading can you give us a video showing how to use your app as it’s a little difficult thank you
thank you for teaching basics i was going to be frustrated but now im feeling better and im getting better results watching your videos.
Good video, I have been trading the forex for the past 2yrs I can tell you it’s a fierce one.
Good video
It’s a good strategy, best to trade safe with a proper risk management.
since this is basic technical analysis, can these technical analysis techniques also be used for stock trading?
Of course it can be used
it’s amazing
Thanks for talking English that every one can understand
If you’re a long term investor and want to put in a buy order, and you have drawn your support level but the resistance is more of a zone rather than one level, where do you put in the buy order? At the top of the resistance zone or bottom?
does trading 212 have a level 2? and also direct market access in real-time?
🙏
so when u buy a share at a price u but at if it drops below the price u baught at does that mean u have lost your share ……. can u just wait for it to pick back up …..im a bit confused lol
Was hardly paying attention but I ended up understanding and it answers many of the questions I had. You are great
David is there a video on “Stop losses” and how to use the Trading212 app with regard to factors such as “Confirmation”
Is the 50 EMA an effective indicator for support and resistance? If price is below the 50 EMA and breaks it with a bullish candle, should we go long?
What is the truth behind forex
Only few traders make profit trading
Hi, I have a question. I don’t really understand the logic (though I’m sure it exists) or stop losses. Surely if the market turns against you, you should wait for the recovery before selling? Or does this run the risk o closing your account? Also, I don’t understand how/why it closes your account? Please could you answer these questions, thanks 🙂
thank’s
Clear and informative. Thanks
Thanks
I’m 4 days in using ‘real money’ I’m not going crazy with the deposit just pocket change. Weather it’s pure luck or this actually works I’m in profit by 7% 👍🏻 my aim is to build an account slowly so I have some funds to play with 😱
BANALLY what is a suport and a resistance?
HOW TO READ THE CANDLESTICK? how does it work?
WHAT IS THE GREEN CANDLE COMPARE TO THE RED ONE???
Will your app support us citizen’s?
thanks a lot sir
I am very new to investing in stocks. This is by far my favorite YouTube for trading. I have learned so much since I started watching. Thank you!
nice… also a cool cypher pattern at 5 min
what kind of software is this? doesnt look like mt4.
does it runs on macbook pro new version catalina as well?
I’m kid. Me want to know how do stocks.
I want to get money!
Please what settings did you use on that trading view website I mean how you change the color and the rest chart settings
at 9:32 you shouldn’t be a buyer due to the fact that when a support or resistance line (in this case a support line) is tested persistently, the more likely that level is to break.
Awesome!!!
In my opinion this is a very good lesson but I would complement it saying that in my experience it works if the resistance/support level is being tested for the second time maybe the third (depending on the volume), if you see that a resistance/support has been tested multiple times then a breakthrough is inminent.
Trading 212 Is The Most Helpful Channel For Forex Trading!
Hi, do you place a resistance line when the market has an overall positive trend? and vice versa with support lines too?