Raven Posted June 26, 2012 Report Share Posted June 26, 2012 Anyone got any decent support and resistance indicators ? I have tried many on NT 7, but have not found one thats any good! Quote Link to comment Share on other sites More sharing options...
MikeSchwarz Posted June 26, 2012 Report Share Posted June 26, 2012 Look this post Fibonaccizones, is a great support resistence: http://indo-investasi.com/showthread.php/16952-I-m-bored-and-looking-for-a-challenge!-Post-your-NT7-indicators-for-me-to-unlock!!/page12 Raven 1 Quote Link to comment Share on other sites More sharing options...
thaomoua Posted June 27, 2012 Report Share Posted June 27, 2012 According to my understanding, you don't know which way the market is heading. The Fib level (if you learned them) gives you another level of confidence where the market MIGHT bounce thus min your loss if the market goes the opposite of your trade. I'm still a student in training. :) Quote Link to comment Share on other sites More sharing options...
MikeSchwarz Posted June 28, 2012 Report Share Posted June 28, 2012 Use fib. confluence, to test the price reaction in this levels in conjuction for example, with MACDBB, if the retracement is weak believe the price breack this levels. However think this is a excelent sup./resist. indicator. kungfutrader and Swordfih 2 Quote Link to comment Share on other sites More sharing options...
Swordfih Posted June 29, 2012 Report Share Posted June 29, 2012 Use fib. confluence, to test the price reaction in this levels in conjuction for example, with MACDBB, if the retracement is weak believe the price breack this levels. However think this is a excelent sup./resist. indicator. Although I don't use the MACDBB, good pointer there. Thx bro. Quote Link to comment Share on other sites More sharing options...
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