Hi, I'm Chris Capre, founder of 2ndSkiesForex. I'm a verified profitable trader and trading mentor. As a professional trader, I specialize in trading Price Action and the Ichimoku cloud. As a trading mentor, I have one goal: to change the way you think, trade and perform using 18 years of trading experience and cutting edge neuroscience to wire your brain for successful trading. Want to improve your trading edge and mindset? Check out my trading courses here.
(Video) How to Draw Support and Resistance (5 tips)
One of the most important trading, technical and price action skills you’ll need in forex trading, stock trading or trading any major market, is the ability to draw and find key support and resistance levels and zones. Make no mistake, this is a trading ‘skill’ you’ll need to build.
One of the biggest questions I get is “how do I draw and find support and resistance on my chart?”
In today’s free trading lesson, I’m going to share with you 5 tips on how to draw support and resistance so you can learn to find the best levels for your trading.
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0:50 – Support and resistance levels without the price action context is…
2:17 – why you want to draw the most important levels (and not go cray-cray with your s/r levels)
4:03 – do you draw your support and resistance levels using the wicks, or the bodies of the candles?
6:27 – why you need to think of support and resistance in a different way
9:59 – levels respected in this way will always be much stronger