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Determining resistance

Discussion in 'Beginners Bootcamp' started by mattt, Aug 30, 2010.

  1. mattt

    mattt Private

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    I noticed that Henry Liu tends to base alot of his outcome predictions on the resistance level, but it's not an indicator (maybe that's obvious... but not to a noob like me!). What is the best way to calculate the resistance?
     
  2. Pharaoh

    Pharaoh Colonel

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    Good question that doesn't have a simple answer. There are so many ways for calculating support and resistance.

    Trend lines can show support and resistance.
    Prior highs and lows for the day, week, or month can be considered support or resistance.
    Double and triple tops and bottoms can be considered support and resistance.
    Pivot levels can be considered support and resistance.
    Fib levels can be considered support and resistance.

    I'm sure there are more, but those are the first ones that leap to mind.
     
  3. mattt

    mattt Private

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    Thanks Pharoah! Do you have any EA's that you use to automatically calculate these metrics?
     
  4. Eric Alyea

    Eric Alyea Master Sergeant

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    Wrote this for this thread

    Wrote this for this thread
    still have to add more

     
    #4 Eric Alyea, Sep 1, 2010
    Last edited: Sep 1, 2010

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