In forex trading course we can not leave knowledge and do not know the name of the indicator because it is a tool that will help us work as a real trader
In simple indicators can be classified into 3 sections, namely Trendline Indicators, Oscillators and Momentum Indicators. Here's a description of the Three indicators
Have major role know the trend is happening right now with the existing range of periods. Nevertheless trendline indicator can also be used to determine things such as Support and Resistance Point.
is unique, where the indicator has a limited range of values, typically 0-100. RSI, Stochastic Oscillator is an example of this type of indicator. Usually used to determine overbought and oversold points that will ultimately trigger uptrend or downtrend.
used to determine how fast the acceleration of a trend that is going on so we can find out how long the trend will last. Of the three indicators mentioned above, the traders try to use it as a medium of Technical Analysis (Mathematical Analysis). Technical Analysis itself is built on the assumption that the price will move based on the trend is going. While the trend line itself is the medium which is very important in analyzing, especially Technical Analysis which serves to identify a trend that is going on and can be used to identify a price of Support & Resistance.
All you have to remember is that you should be able to understand about the support and resistance before you proceed further material because the material is very important both for you to learn. Regarding the support and resistance is essential for you to understand, especially for a novice trader. Here understanding of support and resistance.
Support and Resistance is the appointment of an exact time in which the power supply and demand meet. Usually a trader or investor Utilizing this opportunity to perform purchase transactions when prices are in the Support area and do trasaksi sell when prices are in a Resistance area.
Simply put support is formed under the price limit because demand exceeds supply. While the resistance is the upper limit where the request has been discovered that offers high that decreased In a technical analysis support and resitance line that has a high validation data, in terms of the price of having a pressure many times so prices hit a bottom, then this line is referred to as Major support or resistance line. While the line suport and resistance lower validation referred to as line Support / resistance Minor.
There is no definitive measure of how many times a support or resistance can be touched so that it can be referred to as support or resistance major or minor, but the possibility can be said major support or resistance if it bounces more than 3 times. And if the minor support or resistance line is tested again by the price for a minimum of 2 times.
Support
A support is the level where the price is in a condition that the selling pressure is expected to be offset by the increase in purchases that can withstand correction is going on or even make the price reverses. While the support is formed by a line connecting the image points are parallel to the lowest prices. Support penetration in an ascending trend will mean a change in trend is lowered or sideways.
Support created: Where exactly was the level of support below the current price, this is a common thing to do a transaction when price approaches support. But for more amanya you should be able to consider that the right time to do the transaction. A technical analysis is not an exact knowledge, sometimes it is difficult to determine the appropriate level of support, and sometimes volatile and prices fell more than support area. Sometimes it does not make sense to consider that the support has been broken or has been penetrated, if the closing price has exceeded 1/8 below the support that has been built. For reasons such as this, from a few traders provide terms as support area (support zones).
Resistance
A price level at which the buying pressure condition is expected to be offset by the increase in sales that can withstand price increases that occur or even make the price reverses to the downside. Resistance was formed by drawing a line connecting the highest price points are aligned, Penetration Resistance in an ascending trend (uptrend) can mean a change in the trend be upward or sideways.
Chick Resistance: Resistance While the exact level is above the current price is going. Subject This is a common part to perform a transaction when the price approached the resistance. But for more amanya we should consider that the time to conduct a transaction with the right. A technical analysis is not an exact knowledge that is sometimes difficult to determine an appropriate level of resistance. Sometimes the price is volatile and rise above resistance area boundary. Sometimes it does not make sense to consider that the price of the resistance has been broken or breached if the closing price has exceeded 1/8 above the resistance that has been built. For this reason some traders gave sebuatan with the name of the resistance or resistance zones.
Methods to build support & resistance include:
Baseline: Strong and weak depending on the price movement of a foundation or baseline is constructed. Usually after the price broke through the support or resistance price will experience a correction that is on that line has been penetrated. After experiencing some period of time on a price return for a movement to continue longer, this is referred to as the baseline. Or changes in resistance or support becomes resistance into support.
Trading Range: Trading ranges can be an important role to determine the rules that support and resistance will be a turning point or a pattern forwarding. Trading range is pereode time when prices are relatively moves with a relatively narrow range. when the price has penetrated through the price or trading range resistance or down through the price support. So it can be said the winner after a time pereode price range has emerged.
Support and Resistance Zones: Analisys a technical knowledge is not exact, where everything does not have the certainty that remains then is very important to create areas of support and resistance support and resistance zones.
Those bout of Get To Know Bout Forex indicators wish give you bennefite Seeing the importance of this tool as a tool in our trade every day
