Tag: support resistance trading

Support and resistance indicators for day trading forex There are two approaches to support and resistance for day trading forex. One is based on price, and the other is based on volume. On the NinjaTrader platform, we have the accumulation and distribution, which is price-based, and on MT4/MT5, we have the dynamic support and resistance indicator, whilst on both, we have the volume point of control, which delivers our volume-based support and resistance areas. These are defined by the high-volume and low-volume nodes on the chart. https://youtu.be/-5ra6J0x5lc 00:00 Webinar introduction and disclaimer 00:00 The webinar begins with a lighthearted introduction and a brief audio check between the hosts. The presenter then highlights an important disclaimer emphasizing the risks involved in trading and advises viewers not to use money they cannot afford to lose. The session will focus on analyzing charts using volume price analysis and price action techniques. 01:00 Overview of volume price analysis (VPA) 01:01 The speaker introduces volume price analysis (VPA), emphasizing it as more than just the...