Support and Resistance: How to Use Support and Resistance to Limit Trading Losses and Identify Breakouts
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Support and Resistance: How to Use Support and Resistance to Limit Trading Losses and Identify Breakouts
Here's Exactly How To Use Support And Resistance To Limit Your Trading Losses And Identify Huge Profit Opportunties
Detailed Candlestick Charts And Forex Trading Examples Included
In this book, you’ll discover support and resistance which is one of the single most powerful indicators available to traders. You’ll learn what support and resistance is, exactly how it works, and—step-by-step—how to use it to identify key breakouts and limit your trading losses.
Plus, you’ll learn about the common pitfalls (and how to avoid them!), and you’ll get numerous tips, techniques and strategies for placing your stops, identifying potential trades, and much more using support and resistance.
Here are some of the specifics you'll learn...
- What support and resistance is and why it's critical to your trading success-- Chapter 1
- Exactly how professional traders use support and resistance to identify key breakouts, including a detailed full-color example-- Chapter 2
- The concepts of "breakouts" and "breakdowns"-- What they are, how they're different, and how to use them to help make consistent trading profits-- Chapter 2
- How use trending support as a "crystal ball" to predict the path of an uptrend-- Chapter 3
- Danger! If you see this on a candlestick chart, a massive reversal may be coming-- Chapter 4
- Here's an incredibly powerful strategy for using support levels to set your stops and minimize risk-- This strategy by itself is worth x1000 times the cost of this book and can help make you a lot of money-- Chapter 5
- The concept of "trading opportunity loss"-- What it is and why it may have been hurting your bottom line for years-- Chapter 6
- Critical pitfalls to avoid-- Chapter 7
- A rapid-fire list of tips, techniques and suggestions for trading using support and resistance-- Chapter 8