Forex Price Action Basics - Support & Resistance (2014)

Forex Price Action Basics - Support & Resistance This is the second in a three part series of webinars I held on Forex Price Action analysis. In this webinar I cover Support & Resistance Basics. Day 1: https://www.youtube.com/watch?v=IdwZxhsh5y0 Day 3: https://www.youtube.com/watch?v=vkRkLWoNZxc http://www.forex4noobs.com/price-action-course/current-support-and-resistance-areas/

Comments

1. Hi, Nick, from what I see, S/R lines are just obtained from repeatable patterns from past prices. Why do S/R lines exist? Is is because everyone is thinking similarly when they buy or sell, or is it all psychological?
2. Excellent videos..unlike most of the crap that's out there that just gives traders information on how to lose money.
3. Nick,
   I just want to say thank you for these amazing video lessons! Please keep them coming, because once I start trading again, FX for the first time, I want to first thank God, and Him using your talents and abilities to bless many people including myself with limited funds. Take care!
4. I just made £150 on loyds AGAINST the news NOT with the news and 80 on eur v dol £230 in 8 mins work im not stupid i cashed out im open on usa tech at min up to 23 gbp gunna cash out when if hit 50 that £280 pounds for 20min work my mate works a whole week for that im still in bed havent got dressed so hahah i dont get outta bed for less than 300 pound a hour lool
5. nick i looked all day yesterday waiting for a set up at 8pm ny time i went long 0.50 on eur/usd 1.35276 sl1.35026 tp1.35776 i also went short on usd/chf 0.50 same time as previous entry 0.89795 sl 0.90045 tp 0.89295 and at 8;22 ny time i also entered eur/gbp long 0.25 entry 0.78949 sl 0.78680 tp 0.79450 i feel very confident and keeping my journal DO NOT FOLLOW THE PACK. nick i know i will be able to do this.
6. Nick, I have a question in regards to your personal support & resistance zone in which you place a dotted  line above and below your S & R line. My question is: Do you only take trades that goes inside your zone, but no further whatsoever than your zone? Or, will you also take a trade if the price goes all the way through your zone, plus 5 or 10 or more pips past it?
   
   In other words, is it a standard personal rule for you that the price cannot go beyond your zone? Or can it shoot through it by a small number of pips and you will still take the trade? (of course, in all these instances, I know you will need candle confirmation. But I'm just wondering if price can or cannot go beyond your zone whatsoever).
7. Great presentation and video. For future webinars, you might want to disable the chat window since people can't seem to follow instructions and not ask questions during your presentation.