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I am with Alpari for years and never had any problems with them.

My advice is to recognize support/resistence levels and place stops behind them. It's one of my trading condition. If I can't find such a level I don't enter the market.

1. MM, MM & MM 2. Discipline 3. Turn your emotions off 4. Test your TS in historical data 5. Keep enhancing your TS constantly.

Great Job guys! I'v been using MetaTrader for a long time and very happy with it. It's powerful, convenient and easy-to-use tool. Congratulations with MT5!

Ok, I admit that in the 1-st post I considered more wide area of using s/r and now I confused you. But anyway here I want you guys to discuss s/r as main approach in TA. By this I mean that we evaluate signals by s/r and we can define some filters which in different cases can be optional or...

It better works when there's a concoidence of fibo level and some other s/r level

Bid price is usually used in TA and charts. You can consider Ask only when you open a position to understand price levels.

and one more, listen to the market and not yourself

1. MM, MM & MM 2. Discipline 3. Turn your emotions off 4. Test your TS in historical data 5. Keep enhancing your TS constantly.

Anyway you need deeply understand the trading system so the best way is to elaborate it by yourself: 1. Use technical approaches to analyze chart. 2. Discover what works better. 3. Test your system on historical data 4. When you sure it works, start trading but strictly follow money...

That's excellent point of view. You are telling that s/r can be better used as filters, not as signals. That's fine, but ... here, in this thread, I try to consider s/r as signals, not filters. The reason why I insist is that s/r can predict pivot points PRECISELY. (Look at the attach I...

I don't think about millions. I beleive it takes time to earn much money, but I hope it will be interesting for me.

It really doesn't work always, but often.

So you are talkng about having two positions, one short-term (for the bounce) and another long-term, opened when reversal pattern is formed, right?

GCSICLRBC, the first bounce can not be too big, so you earn not so much in this case, but you should, for covering loss trades. Yes, fortune favors the bold, but I sure you know that to be bold is not sufficient on the market.

Guys, any ideas?

Hi All, let's share ideas on how to trade near support/resistance lines more efficiently. I think first touch of support line is not very good change to buy. But what's the best time to enter? Second touch or some other reversal signals, which of them? Thanks.