ok, crews, i have been trying to observe some phenomenon in the forex market for some time now. and i am now satisfied how it works. i used to trade only with indicators one at a time but realised i was always losing, with time i learned to combine lots of indicators and theories.
today i want to talk about recognising resistance and support and using them well. ok. the image below is on a REAL account and live.



ok. you can see the first resistant point which is higher than the "3 knocks" resistance i've labeled R1.
to start with, i saw that resistance but didn't hit it cause i wanted some good confirmation, so i waited, saw the first, "knock" which is lower than the previous resistance point so i dived in and sold a few EURUSD lots and snatched my profits just at the end of the 3rd bear candlestick, that's when i left to eat. and i realized i missed that hammer!!, which looks so sexy lol, but dog it, i'm not talking about hammers today.

i waited for the "3 knocks" to complete and again sold. meaning i sold twice at R1, power of resistance lol , then the market started consolidating but i was very patient till i took my profit at S2.
now, two main reasons i knew it was time to kill the trade was when i saw the "railroad tracks" at S2, with a confirmation of a support point at S1, and YET another "railroad tracks" at S1, then i knew it was time to buy, so i did. and happy and patient as i was, i waited to see my profits soar to reach the R2 resistance point. at this stage, i looked at my MACD and RSI and the all told me to go short, and looking R1 and R2 points, i knew it really was time to sell and you see i did sell and as i am talking now, that resistance point is working and i am looking at some profits now.

this is something i want to share will all the traders, always and i mean ALWAYS acknowledge your support and resistance. if you are not sure, just wait for a confirmation from the RSI or MACD (or your best oscillator) and you'll do good.

i just couldn't resist sharing this, i will be posting more and revealing a lot more theories and strategies when i have some time again.