tag:blogger.com,1999:blog-45788991153044898752023-11-15T23:51:56.179-08:00Free Forex Trading SystemsUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4578899115304489875.post-58261469153897603582011-09-04T23:10:00.000-07:002011-09-25T16:40:05.684-07:00Free Forex Trading Systems - S and R<strong><em><u><h1><span style="font-size: large;">Free Forex Trading Systems</span></h1></u></em></strong><br />
<em><span style="font-style: normal; mso-bidi-font-style: italic; mso-bidi-font-weight: bold;">As an introduction to the <strong><em><u>best free forex trading systems</u></em></strong> I will go over strength and resistance.<span style="mso-spacerun: yes;"> </span>Strength and Resistance is often the first place a new forex trader goes to get information and learn how to trade their position.<span style="mso-spacerun: yes;"> </span>However the new forex trader will get frustrated when their levels of strength and resistance do not always work as expected.<span style="mso-spacerun: yes;"> </span>The trader moves on to seemingly better <strong><em><u>free forex trading systems</u></em></strong> and sometimes even paid forex trading systems while neglecting S and R.<span style="mso-spacerun: yes;"> </span>There are a few key lessons to s and r that must be known for it to become a powerful forex indicator in your toolbox and quest towards developing the best forex system.<span style="mso-spacerun: yes;"> </span>Below I have attached a recent chart of the NZD/USD with my historical levels of S and R.<span style="mso-spacerun: yes;"> </span>Following it will be a few rules as to how I trade S and R, use it as a <strong><em><u>forex indicator</u></em></strong> of price gravitation, and a trading mindset that should always be with you.</span></em><br />
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<tr><td style="text-align: center;"><img border="0" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5FtDwQOqLMH4Di4GlElHVfRih0P8P4OFeY8J3eTyZ6aNwJnTCSuAFEpvNjVwagM7wN1dHlJQ92eSq8VHJ_TcIToTWy9IscXzwq9KV_0EAWDUKC3olegNGNH84VNf2mdiRR71k0b4bZ6HG/s400/forexsandr.bmp" width="400" xaa="true" /></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Forex Trading Indicators - S and R</td></tr>
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<h2><u><em>The Best Forex System<span style="font-style: normal; mso-bidi-font-style: italic; mso-bidi-font-weight: bold;"></span></em></u></h2><span style="font-style: normal; mso-bidi-font-style: italic; mso-bidi-font-weight: bold;">The first is to realize that S and R as a <strong><em><u>forex trading indicator</u></em></strong> will only show the past levels that price gravitates towards.<span style="mso-spacerun: yes;"> </span>At these levels there is often a buffer zone of 10 pips or so depending on the pair before you can determine a break or a fake out.<span style="mso-spacerun: yes;"> </span>The second is that S and R does not tell price action.<span style="mso-spacerun: yes;"> </span>The bars or lines on the chart will go into that.<span style="mso-spacerun: yes;"> </span>Price action will be another tool in developing your <strong><em><u>free forex trading system</u></em></strong>, free of charge.<span style="mso-spacerun: yes;"> </span>With the exception of the time you spend watching the charts of course.<span style="mso-spacerun: yes;"> </span>The third and final fact being that S and R often comes different to everyone.<span style="mso-spacerun: yes;"> </span>Do not focus on how your line is off by a couple pips when comparing it to someone elses.<span style="mso-spacerun: yes;"> </span>Only trade what you see, not what you want to see happen.<span style="mso-spacerun: yes;"> </span></span>Unknownnoreply@blogger.com2