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  1. #1
    Active Member Kius's Avatar

    Another Newbie Question: What Is Support/Resistence? !!!

    When I read articles like this:

    EURUSD is trading between trendlines. On Friday, price broke the line that originated at the July low but is holding the line that extends off of the September and November lows. As long as the latter line holds, it’s difficult to be short.

    -Watch for 1.3620 resistance.
    What does resistance mean? What about support? I've seen these terms mentioned in various threads, and have no clue what they mean. Many thanks in advance for any light you can shed on this for me.

  2. #2
    Specialist Member marc's Avatar
    Quote Originally Posted by Kius View Post
    When I read articles like this:

    What does resistance mean? What about support? I've seen these terms mentioned in various threads, and have no clue what they mean. Many thanks in advance for any light you can shed on this for me.
    Hi Kius, welcome to the forum ... and about your question I will simply link Bogdans article, which you can find among other valuable infos in the BOTS-school:

    http://www.binaryoptionsthatsuck.com...inary-options/

    He explains that better as I could do it here ... but If you have any further questions, just ask ...

  3. #3
    Legendry Member willyw's Avatar
    Quote Originally Posted by Kius View Post
    When I read articles like this:



    What does resistance mean? What about support? I've seen these terms mentioned in various threads, and have no clue what they mean. Many thanks in advance for any light you can shed on this for me.
    Hi Kius, just follow the link Marc provides and you will learn what support/resistance are. Both support/resistance are important to us when we analyze the market.

  4. #4
    Master Member Bogdan G's Avatar
    Quote Originally Posted by marc View Post
    Hi Kius, welcome to the forum ... and about your question I will simply link Bogdans article, which you can find among other valuable infos in the BOTS-school:

    http://www.binaryoptionsthatsuck.com...inary-options/

    He explains that better as I could do it here ... but If you have any further questions, just ask ...
    Thanks man. Kius, keep in mind the linked article is about a custom indicator which plots S/R on your charts, not strictly about Support and Resistance (although it contains teh basics).

  5. #5
    Rookie Member

    S/R !!!

    Can someone explain, "crayola style", support and resistance? I have tried to research the terms for beginner explanations, but still don't understand what it means and how it is applied.

    Thanks in advance!

  6. #6
    Master Member Bogdan G's Avatar
    Sorry, but you really lost me here. I have never heard of such a thing called crayola style support and resistance... If anyone can provide additional info, I'll be glad to know what it is.

    P.S.: are you by any chance referring to Camarilla Pivots which are used for s/r?
    Last edited by Bogdan G; 02-05-2014 at 02:44 PM.

  7. #7
    Rookie Member
    Quote Originally Posted by Bogdan G View Post
    Sorry, but you really lost me here. I have never herd of such a thing called crayola style support and resistance... If anyone can provide additional info, I'll be glad to know what it is.

    P.S.: are you by any chance referring to Camarilla Pivots which are used for s/r?

    While reading threads and learning about trading, support and resistance is mentioned, but I don't understand exactly how it apples to charts and trading. If someone can explain it in easier terms, I would appreciate it.

  8. #8
    Master Member Bogdan G's Avatar
    Oh, by any chance "crayola style" is an expression which has a meaning similar to simple, easy to understand, easier terms, etc?

  9. #9
    Rookie Member
    Quote Originally Posted by Bogdan G View Post
    Oh, by any chance "crayola style" is an expression which has a meaning similar to simple, easy to understand, easier terms, etc?
    Yes, it is an expression meaning "easy to understand".

  10. #10
    Master Member Bogdan G's Avatar
    Cool, I've learned something new.
    Here it is - as crayola as I can make it:

    Resistance: a level which will reject rising prices lower. Price goes up, hits this level ans starts to drop (or at least stalls there a pretty long time)
    Support: a level which rejects falling prices higher. Price goes down, touches this level and starts to rise (or at least stalls there a pretty long time)

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