BACKGROUND OF THE BEST TREND TRADING STRATEGY
You will observe that there are times that the market is really trending nicely, either up or down, price will go back up to retest the support amount that has been broken only to drop down in a downtrend situation.
Likewise, price will go back down to test the resistance level that has been broken only to return up bouncing from that level in an uptrend situation.
Knowing this characteristic of http://forextradingegies4u.com/price...rading-course/, we could make trading rules around such trending scenarios.
So the principal notion of the best fad trading egy is support and resistance trading.
DEFINITION OF SUPPORT LEVEL
A support level is the amount at which price dropped up from following it'd been heading for some time. You may see support amounts a”valleys” on a price chart.
DEFINITION OF RESISTANCE LEVEL
A resistance level is the amount at which price bounced down from following it'd been scaling up for some time. You may see resistance amounts as”peaks” on your price chart.
With this system, there's a Small twist: