Support and Resistance Indicator

Рет қаралды 27,086

4 жыл бұрын

How to use a Support and Resistance Indicator to help determine if the price of Forex, stocks, futures or options will break through support.
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This support and resistance trading strategy explained for zones, lines and levels in the markets when day trading and swing trading to help determine if those levels will hold the market if be broken by them.
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Barry Burns
Top Dog Trading
TopDogTrading.com
Facebook: / topdogtrading
Get the Free Trade Strategy: “The Rubber Band Trade”:
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Risk Disclosure: bit.ly/Risk-Disc
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RISK DISCLAIMER:
The information contained on this video is for informational and educational purposes only. We are not registered as a securities broker-dealer or as investment advisers, either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Trading and investing involves substantial risk. Financial loss, even above the amount invested, is possible. Seek the services of a competent professional person before investing or trading with money.
The information contained on this video, is not provided to any particular individual with a view toward their individual circumstances and nothing in this video should be construed as investment or trading advice. Each individual should assume that all information contained on this site is not trustworthy unless verified by their own independent research.
Any statements and/or examples of earnings or income, including hypothetical or simulated performance results, are solely for illustrative purposes and are not to be considered as average earnings. Prior successes and past performance with regards to earnings and income are not an indication of potential future success or performance.
You should never trade with money you cannot afford to lose. The information in this video is in no way a solicitation of any order to buy or sell. The author and publisher assume no responsibility for your trading results.
This information is provided "AS IS," without any implied or express warranty as to its performance or to the results that may be obtained by using the information.
Factual statements in this site are made as of the date the information was created and are subject to change without notice.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

Пікірлер: 94

@Seann1804 3 жыл бұрын

Thank you sir 🙏 for all the knowledge you putting out there. I learned a lot from you. I'm new at this trading platform. The way you explained the charts and indicators make it so easy to understand. Thank you for all your hard work and loving heart.

@shayneeaton9765 4 жыл бұрын

Thank you for your endless dedication

@TopDogTrading 4 жыл бұрын

My pleasure Shayne.

@josephmladonicky233 4 жыл бұрын

Great simple explanation, its so important that the zero line is understood when using this indicator.

@TopDogTrading 4 жыл бұрын

Absolutely Joseph

@waltermorris5786 3 ай бұрын

I APPRECIATE YOUR ASWER that the macd is more reliable in determining momentum strength....saves me countless hours of research.

@TopDogTrading 3 ай бұрын

Thank you for your kind words, I'm happy to save you some research time!

@vtbhagat 3 жыл бұрын

very well mentored the difference between two breakouts with MACD indicator. really useful information while swing trading. Thanks

@TopDogTrading 3 жыл бұрын

Glad it was helpful Vijaykumar

@wingnut4217 4 жыл бұрын

It's such a simple concept to follow and most of the times the odds are in your favor....BUT..I can't count the times I've thrown odds out the window and didn't follow through only to see the market fly off in your direction without you....You got me on that one!

@TopDogTrading 4 жыл бұрын

I've been there too Jerell, I think we all have!

@ranjitsingh243 3 жыл бұрын

Sincere thanks for sharing your experience and understandings.

@TopDogTrading 3 жыл бұрын

My pleasure Ranjit.

@najielhajjhassan 2 жыл бұрын

You have mentioned a great problem with the RSI and .. that they don’t provide any signals after reaching a certain level which is an issue 👍🏼

@bestill7698 2 жыл бұрын

Barry thank you so much.. you are Fantastic! I have another question though... is there a good way if scanning charts easily for these setups and do you recommend we use these setups for forex trading or stock, commodities and Indices please?Thank you😊

@vineetverma4547 3 жыл бұрын

Thanks Barry. Which Indicator shows high an Uptrend (indicatice) or Retrace goes and viceversa in down trend. Many times I find MACD moving to greater hoghts but it doesnt get reflected on price movement.

@alisanorris651 3 жыл бұрын

Appreciate you sharing with us.

@TopDogTrading 3 жыл бұрын

My pleasure Alisa.

@beachmama9037 3 жыл бұрын

Thank you Dr. Barry.

@TopDogTrading 3 жыл бұрын

You are very welcome Beach Mama!

@TheseusTitan Жыл бұрын

Great insight on the MACD, thanx!

@TopDogTrading Жыл бұрын

Glad it was helpful!

@DAILYTREND28 4 жыл бұрын

Good one Top dog, I will put it to the test

@TopDogTrading 4 жыл бұрын

Thank you Forex Flames!

@JarPlace 4 жыл бұрын

great work dr burns you are awesome and so are your courses

@TopDogTrading 4 жыл бұрын

Thanks a million Mikrom

@chuckwasthinking342 4 жыл бұрын

Excellent information

@beachmama9037 4 жыл бұрын

Thanks Dr. Barry.

@TopDogTrading 4 жыл бұрын

You are very welcome Beach Mama!

@randygreco 4 жыл бұрын

Thx. Never really thought about the zero line. I'll try it out. R.

@TopDogTrading 4 жыл бұрын

You're more than welcome.

@selinagooglethestvekstrate8102 3 жыл бұрын

Very educative tutorial with well detailed information I appreciate, *The Semyon Tchernenko Strategy* was the only way i was able to get results. You can Google it

@loki5712 Жыл бұрын

Great video

@TopDogTrading Жыл бұрын

Glad you enjoyed it

@gordcurrie3979 4 жыл бұрын

THANKS BARRY

@TopDogTrading 4 жыл бұрын

You're very welcome Gord

@manojsharma7848 4 жыл бұрын

Thanks wl try with ur strategy

@TopDogTrading 4 жыл бұрын

You're always welcome Manoj.

@navin1054 4 жыл бұрын

Great Video👍

@TopDogTrading 4 жыл бұрын

Glad you enjoyed it NaVin

@MANISHJBYADAV 4 жыл бұрын

Great work sir , from INDIA THANKS

@TopDogTrading 4 жыл бұрын

Most welcome Manish

@biofadre6989 4 жыл бұрын

Thanks doctor, am glad, love you .

@TopDogTrading 4 жыл бұрын

You're most welcome Bio Fadre!

@fiowekmickey 4 жыл бұрын

@samuelngproperties Жыл бұрын

Hi Barry, similar setup for SYY on 20/4/2022 but price went down instead of up. Any idea why?

@SuperFordPrefect 4 жыл бұрын

Thank you.

@TopDogTrading 4 жыл бұрын

You're very welcome Barry

@nonenone9131 4 жыл бұрын

Thank you sir.

@TopDogTrading 4 жыл бұрын

Most welcome

@GoldTradingWithEagleEye 3 жыл бұрын

Impressive sir

@TopDogTrading 3 жыл бұрын

Thank you, glad you liked it.

@pamrosen1506 4 жыл бұрын

Barry, I just automatically give your videos a thumbs up before they even start because they are always V good. Just thought you should know that you are appreciated today in case you haven't heard it yet.

@TopDogTrading 4 жыл бұрын

Wow, thank you Pam, that's so sweet of you!

@PortasadiDers 4 жыл бұрын

Great strategy! Simple, effective with low risk. Thank you!

@TopDogTrading 4 жыл бұрын

You're welcome!

@christopherk7920 7 ай бұрын

hi Sir, understand that MACD line has to be above zero for the trend to have strength, but what about the signal line ? cos there will be instances where MACD is above zero but signal line hasn't yet. Thank you and happy new yr

@TopDogTrading 7 ай бұрын

Thank you for asking. The signal line does not have to be above 0. Happy New Year to you too!

@kamleshkhotekar6317 4 жыл бұрын

Thanks sir good ways to earn money

@TopDogTrading 4 жыл бұрын

Thank you Kamlesh.

@Cricketfact173 3 жыл бұрын

Wao nice I will try it

@TopDogTrading 3 жыл бұрын

Hope it works well for you.

@n7ekg Жыл бұрын

So, basically, when everything's above 0 and pointing up, and your histogram bar is greater than the previous histogram bar, you've got long momentum - vice versa for short. Anything else is momentum slacking off. Did I get that right? Or, when all 3 are pointing up or down might be a better way to go...

@ja9invest959 3 жыл бұрын

Dr. Burns. You stated that you don't recommend using bonded indicators like rsi and stochastic, but I just saw your webinar teaching "The 5- energy trading method" and you teach how to use Stochastic Slow to identify momentum. Can you clarify what is more useful with identifying momentum in your opinion?

@TopDogTrading 3 жыл бұрын

It's not that I don't like using bounded indicators, you just have to know "how" to read them, given the fact that they have an artificial floor and artificial ceiling.

@bernardmann5668 3 жыл бұрын

@@TopDogTrading Hey Dr. Burns, can you let us know what Momentum Indicator you are currently using now or one you would highly recommend? Thank you!

@richerathernotsay427 4 жыл бұрын

"putting it all together" Do you have a video? Which trading platform or method or system puts it all together and produces good candidates? Thanks

@TopDogTrading 4 жыл бұрын

That wouldn't fit in one video, but that's what my course provides.

@richerathernotsay427 4 жыл бұрын

@@TopDogTrading Which course?

@smittyoptions 4 жыл бұрын

RichE Rathernotsay please, get them all. You will NOT be unhappy. The value is extremely worth the price. Yes, I am his student.

@donkeyface7829 3 жыл бұрын

Do you take vacations? You're an inspiration.

@TopDogTrading 3 жыл бұрын

I'm very overdue for a vacation!

@michealallen6222 4 жыл бұрын

Can you review the ADX indicator please

@TopDogTrading 4 жыл бұрын

Thanks Michael, I'll add that to my list of video topics for the future.

@rewaramratre6027 3 жыл бұрын

super sir

@TopDogTrading 3 жыл бұрын

Glad you found it helpful Rewa.

@diuangarner 4 жыл бұрын

Ask Barry...what are some brokers that you could recommend for US traders that pays withdrawals, don't freeze accounts when a withdrawal is requested, and doesn't manipulate pricing to cause losses?

@benjaminficus9738 4 жыл бұрын

not Barry, but my suggestion: try Edge Clear (just google them)

@diuangarner 4 жыл бұрын

Thanks for the mention but that's a futures broker I'm looking for a fx broker...

@mannmann2642 7 ай бұрын

So trade the Macd CLOSE TO THE 0 line depending on the trend

@r6854 3 жыл бұрын

I've been watching your videos, but when I go the websites the buttons seem to be broken. For instance on the webpage associated with this video, I select Forex as my market, but then nothing happens.

@TopDogTrading 3 жыл бұрын

Hi Roy, that's probably because you have a pop up blocker on your browser. The Optin form is in a pop up dialog box.

@r6854 3 жыл бұрын

@@TopDogTrading Thanks for the reply! I'll try it again!

@waltermorris5786 3 ай бұрын

YOU SELECTED MACD FOR THE MOMENTUM VALUATION AND NOT THE MOMENTUM INDICATOR. WHICH ONE IS SUPERIOR IN THIS REGARD?

@TopDogTrading 3 ай бұрын

I find that MACD patterns gives better signals than the momentum indicator.

@laurenth7187 4 жыл бұрын

But the zero line is just the crossing of the 2 emas...

@VeritasEtAequitas 4 жыл бұрын

Yeah, it's voodoo and gambling, just like any other indicators.

@sccanj 3 жыл бұрын

Wrong, is more than that

@VeritasEtAequitas 4 жыл бұрын

Still sounds like voodoo and gambling. I just tested this and it didn't work out with a good percentage of hits.

@dhirenm3173 3 жыл бұрын

You need to know when to use it . It needs to be used in conjunction as well to help support a particular trade you want to jump into. I used to think just like you my friend. Its not about taking every trade that the macd or what ever indicator is telling you. Its about having multiple confirmations. I use bull , bear and continuation flag patterns along with macd cross around key S/r levels. I used to sit and watch the charts on the 1minute time frame. Why....i wanted to learn market behaviour. Everything that happens on the higher time frames also happens on the 1min. The benefit... you get to see it play out pretty fast as apposed to watching the 4hr chart and waiting for those pattens to play out .which would take days if not weeks. Once you are fairly familiar with market behavior you can move up to higher time frames .also the higher timef tend to complete patterns with out breaking out like you would find on thr 1 min and 5min charts . They tend to be very unpredictable. I like to include channel bounces in range bound markets as apposed to trending markets which move to fast and unpredictably. Also watch for market open n close and days of the week . Each currency has its own personality. Hope this helps . God bless and take care.

@kunphushion 3 жыл бұрын

He said many times you cannot just use one indicator/strategy...

@kunphushion 3 жыл бұрын

Also yes, the stock market is gambling, yet warren buffet is a billionaire. No he didn't use technical analysis but Idk why you have this notion of gambling = you have to lose. Gambling just means you're putting money on the line to lose OR win. Poker is gambling too, yet there's lots of poker pros who consistently make moeny.