Monday, October 28, 2013

Support/Resistance Lines vs Zones

Every trader in this world loves or hates Support & Resistance levels simply because they play an important role in any kind of trading system. Fact is that most of the traders lose money at Support & Resistance levels. Why? Just because of GREED! < You always want to catch the exact top/bottom? Don't ya?

I used to trade with age old Support/Resistance lines for a long time & after going through a lot of hardships, I found a new way to demarcate support/resistance levels in charts! Not as lines but as Support Resistance Zones.

How to mark Support/Resistance Zones in your charts? 

This is how I roll! :D
I use Trend Channels in my trading platform to identify Support/Resistance Zones!



Start to see Support/Resistance levels as Zones! You'll be amazed by the results!

Stay in touch for more updates, new techniques & trading strategies!

Cheers!

Sachith Sumanathilake
Sri Lanka

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