The best "indicator" for support / resistance you already have - two of them in fact, called eyes. If you can't see it then it isn't there. Using these wonderful tools, the thing to do is practise, practise, then practise some more. There's no indicator out there that can do it for you. Read the articles on the subject - also check this one:

Support and Resistance — Technical Analysis


Persevere........


and thanks again to Bubble who gave such tremendous help as we move along this path

Please explain what is this or give please link where to read this. In Trading systems i was tought, there is very seriously used Fibo levels, so I am intrested in what about you are talking to

Hay,

I look for Support-Resistance which are formed by two or more Highs or
Lows with the same price level (Horizontal Line). A difference of 1 or 2 pips
is acceptable.

Two or Triple Bars Highs of the same price level will serve as good Resistance,
Two or Triple Bars Lows of the same price level will serve as good Support.

I pray for ANYONE who can help.

Thank You,

Rene

Attached Images

Price Action _ Sup'Res.gif (15.7 KB, 647 views)

A Fibonacci cluster is the level where several retracements from several timeframes come together.

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Hay to All,

Although I am really late descovering this thread and MISSED most of the
GOOD Posts made by the Proffessor, I still learned and it's Priceless for me..

Does anyone has the pdf, documents or compilled posts of the Great BUBBLE?
Or even few of the posts that has been saved by anyone.

Please share them to newbies and late comers.

Thank You in Advance,


Rene

Yes, post #364 & 366,367,368,370
How to use Support and Resistance Effectively
How to use Support and Resistance Effectively
How to use Support and Resistance Effectively
How to use Support and Resistance Effectively
How to use Support and Resistance Effectively

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example of support resistance and resistance becoming support (rbs)

Attached Images

supp and res.bmp (1.14 MB, 598 views)

we were discussing the level pointed out in the chart below in realtime in the chat room last week. Looking for an entry around 160.70 on the test of support. Unfortunately it did'nt quite reach and so no trade, you cant win them all. Another will be along soon enough.

Attached Images

supp and res.bmp (1.14 MB, 589 views)

You are Great Bansai,

Thank You Very Much.

Thanks to the Teacher and to the Thread Starter.

Rene

Theres no reason why you cant enter on first test.