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Support and resistance of the Pivot points

Discussion in 'General Forex Discussion' started by alnazer, Feb 11, 2013.

  1. alnazer

    alnazer ECZ Newbie

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    These levels are very important, especially that are not taking the level of strength only to confirm or endorsement by studying other technical approval as support and resistance levels along the lines of rising or falling trends or levels Phipponance or historical levels or other.

    And you can be sure of this follow-up for a period of time and note how they relate to the market dramatically.

    How to calculate the resistance and support levels:
    The formula for calculating resistance and support levels are calculated very often for three consecutive resistors and support as follows:

    Resistance 1 = (2 x Pivot) - Lowest Price
    Support 1 = (2 x Pivot) - the highest price

    Resistance 2 = Pivot (Resistance 1 - Support 1)
    Support 2 = Pivot - (Resistance 1 - Support 1)

    Resistance 3 = highest price (2 × (Pivot - the lowest rate))
    Support 3 = lowest price - (2 × (the highest price - Pivot))
     
  2. Robert Dudash

    Robert Dudash ECZ Member

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    No one can bear to lose money, yet if you have a specific level of your money that you are prepared to lose in the quest for huge additions, at that point you should feel better as the day proceeds onward. Venturing over the line and trading more than you can serenely bear to lose will essentially cause you to feel more stressed and afterward, this will constrain your feelings into the driving seat. You'll settle on awful choices, and they can get calamitous. This applies to all exchanges, regardless of whether on the foreign exchange (forex) or customary stock trading.