power of support & resistance

However if you are able to find level of multiple Fibonacci, that specific level will be where you are going to enter a trade.

Pivot Points
Besides the Fibonacci indicator, the Pivot point is another indicator that is used by institutional traders. Similar to the Fibonacci indicator, the support and resistance level created by the Pivot points serve as a strong level of support and resistance.

For the Pivot levels, you can plot the daily pivot, weekly pivot and monthly pivot on the same chart. Do note that the power of the monthly pivot is larger than the weekly pivot and the power of the weekly pivot is also larger than the daily pivot.

Swings
Swings are V-shaped (Swing Low) and N-shaped (Swing High) patterns. When you see a swing high, the top level will then formed the resistance level. When you see a swing low, the bottom level will then formed the support level.

However not all swing highs and lows are of equal importance, those swings that have more depth are considered stronger level of support and resistance than those with lesser depth.

The level of resistance price access the resistance level then the price rate is down and it is support the system trading transaction

The above are 3 ways you can identify strong level of support and resistance. Therefore spend some time to practice them on your chart today to have a better understanding of their trading nature.

most of the successful traders follow support and resistance based trading strategy because these both levels actually find the future of any price movement as whenever a strong support or resistance level is breaks there is a great chances of big price movement also these levels are very useful in respect of placing stop loss and take profit so support and resistance levels are the key points where prices rebound or start free fall or up movement.

Power of Indicators
The next secret to successful trading lies in the indicators that you are using as well as how you use them. Most traders do not know the nature of the indicators that they are using and therefore finds them useless to their trading.

support and resistance ki boht ziada importance hai kun k marekt es k tehat he movement karti hai so humen supprt and resistance ko lazmi use karna chaye then hum achi trading kar sakte hen but forex ek hihg profitable business hai hum es men apni life change b kar sakte hen

My suggestion to you is to learn the various ways to use an indicator as well as learning how to fine tune them to suits your trading plan. Below are some of my favourite indicators and the way you can use them in your trading. So spend some time to go through them now.

[B]MACD Indicator [/B
Before I start to tell you the power of MACD, I must spend sometime to do a introduction on what is MACD and who invented it.

The actual Fibonacci sign includes retracement as well as expansion. Just about all you must do would be to pull the actual sign in the best towards the base from the influx and will also be in a position to choose that retracement as well as expansion degree you need to display.

MACD is a forex indicator that is developed by Gerald Appel who has written 12 books on investment strategies. He is also the president of Signalert Corporation which is an investment firm that helps to manages over $290 million dollar of capital.

MACD is in fact one of the simplest and reliable forex indicators I have used so far. As it is actually analyzing and displaying chart for past data, it is often know as a lagging indicator. However there are times where you can use MACD as a leading indicator to help you predict the next movement of the price.