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Support and Resistance@tradersinn
Support and Resistance@tradersinn
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DISCLAIMER
IG Asia Pte Ltd (Co. Reg. No. 20051002K) holds a capital markets services licence from the Monetary
Authority of Singapore for dealing in securities and leveraged foreign exchange trading and is an exempt
financial adviser. It is also licensed by International Enterprise Singapore to trade CFDs on commodities.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that
exceed your initial investment, so please ensure that you fully understand the risks and costs involved by
reading the Risk Disclosure Statement at www.igmarkets.com.sg. Trading in CFDs may not be suitable for
many members of the public. You should carefully consider whether such trading is appropriate for you in
the light of your personal circumstances. In considering whether to trade, please be aware of the margin
requirements, commissions, fees and other charges for which you will be liable. These charges will affect
your net profit (if any) or increase your loss.
IG provides an execution-only service. The information in this presentation is intended for general circulation.
It does not take into account the specific investment objectives, financial situation or particular needs of any
particular person. You should take into account your specific investment objectives, financial situation or
particular needs before making a commitment to trade, including seeking advice from an independent
financial adviser regarding the suitability of the investment, as you deem fit.
IG accepts no responsibility for any use that may be made of this information and for any consequences that
result. No representation or warranty is given as to the accuracy or completeness of the information.
Consequently any person acting on it does so entirely at his or her own risk. This presentation must not be
reproduced or further distributed.
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WHY
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Bullish Flag Breakout
A
B
Consolidation
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TAKEAWAYS
OPEN YOUR EYES TO SUPPORT & RESISTANCE
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TRADE PLANNING
BE A DETECTIVE, STACK THE ODDS
Source: www.gograph.com
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TRADE PLANNING
BE A DETECTIVE, STACK THE ODDS
Trade Planning
1) Establishing a BIAS
2) Finding out where the Buyers and Sellers are
Primary
• Visual S&R Secondary
• Pivot Points
• Psychological Levels
• Fibonacci Levels
• Trend Lines
• Candlestick Patterns
• Chart Patterns
• Divergence
• CLOCK
• Moving Average
• Multiple Time-Frame Analysis
• Oscillators
• Price Action
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TRADE PLANNING
“IF YOU FAIL TO PLAN, YOU PLAN TO FAIL”
BULLISH BEARISH
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SUPPORT & RESISTANCE
VISUAL & PSYCHOLOGICAL
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SUPPORT & RESISTANCE
Trade Planning – Looking for Confluence
Why Confluence Works
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
TREND LINES
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SUPPORT & RESISTANCE
TREND LINE - UPTREND
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
TREND LINE - DOWNTREND
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
CHART PATTERNS
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
Ascending
Triangle
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
2 SIMPLE WAYS TO TRADE IT
APPROACH
RESISTANCE
SUPPORT
RESISTANCE
RESISTANCE
SUPPORT
SUPPORT
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SUPPORT & RESISTANCE
2 SIMPLE WAYS TO TRADE IT
RESISTANCE RESISTANCE
SUPPORT SUPPORT
RESISTANCE
RESISTANCE
SUPPORT
SUPPORT
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
CLOCK
Source: http://www.worldtimebuddy.com/
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SUPPORT & RESISTANCE
CLOCK
• Market = People
• Common Psychology and Behavioral Patterns
– We get hungry at the same time
– We sleep at the same time
– We get tired at the same time
– We all want to “Buy low and Sell high”
• Intra-day markets move with these normal human tendencies
• The “CLOCK” is a leading indicator that is often overlooked
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SUPPORT & RESISTANCE
CLOCK = London Open Session High/Low (Yellow Box)
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SUPPORT & RESISTANCE
CLOCK = London Open Session High/Low (Yellow Box)
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SUPPORT & RESISTANCE
CLOCK = London Open Session High/Low (Yellow Box)
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SUPPORT & RESISTANCE
CLOCK = London Open Session High/Low (Yellow Box)
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BOXING THE MARKET -
CONFLUENCE
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SUPPORT & RESISTANCE
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SUPPORT & RESISTANCE
PUTTING IT ALL TOGETHER
CONFLUENCE
1) Rising Trend line
2) Visual Support
3) CLOCK - London Open
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SUPPORT & RESISTANCE
CONFLUENCE
1) Bearish Flag
2) Channel Breakout
3) Visual Resistance
4) Psychological Resistance - 0.9280
5) CLOCK - London Open
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Bullish Flag Breakout
A
B
Consolidation
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A
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A
B
C
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B
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SUPPORT & RESISTANCE
BOXING THE MARKETS
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SUPPORT & RESISTANCE
BOXING THE MARKETS
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SUPPORT & RESISTANCE
BOXING THE MARKETS
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THANK YOU
To receive the presentation slides, please
scan your barcode at the front of the
seminar room our at the IG booth (#D05)
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