Hi I was using this support and resistance mostly to warn me about how far I still could hope go higher or lower. It can be said as volatility indicator. Or when my order was floating and I had no way to decide whether I had to go or stop, this help ...
Hehehe, yes, i already noticed what he said to enrich my future approach. I was here creating thread not just for sharing but to push my spirit to always continue my trading, including the most important .. exploring researching others to be ...
Thanks as i am still learning on forex. You share valuable insight. And yes i'll keep that in mind I am just exploring alternate approach on BB as generally known url and since BB[6] was more responsive indicator to determine support & resistance. ...
Well, it's from my side, and this thread specifically for sharing knowledge about determining support & resistance. So, don't hesitate to share with us of how you did it :-)
How did we do it? First, set Bollinger Bands with Period = 6. For example (see picture above for reference): if price 1.54151 is hit (without making movement on down direction) but then reverse and hit 1.54447, again, without making movement on up ...