Day Trading Strategies
Practical steps to begin implementing the classic CSR 100 support and resistance method
After explaining the first part of the strategy CSR100 -the first complete practical application with the second part .
Step 1 > > >> > > > > Empty the chart using the CSR 100 Model
What you need to do is open a new graph( which pair and which time frame you prefer) and enter the CSR 100 Model. :-
Step 2 >>>>>> you must specify the resistance turned support/ support-turned-resistance
You need to put horizontal lines to the level or area of resistance turned support or the support turned into resistance and make sure that this level/region on the 3 Things, support and resistance and break,, use the direction arrow up to the state and direction of the down arrow of the Resistance will keep the graph as follows :-
Step 3 >>>>>> label level (the area of resistance turned support/support turned into resistance, breaking)
We distinguish the lines by writing them to behave on every level whether it is the area of resistance turned support/ support turned into resistance, put these writings on the right of the graph, put the points when the regions of the fracture (the area of the exchange of roles) will chart for you as follows :-
Step 4 > > > > > > specify the price movement (up/down))
It also needs writing that determines the price movement on the graph to show the trend today .
To connect to the bullish = bottom, top, bottom upward, the apex upward, the bottom upward, the top of the bull and so on .
For the downward direction = top, bottom, bottom, bottom, bottom, bottom, top, bottom, bottom, bottom, bottom, and so on .
The chart will look like this. :-
Now CSR 100 is ready, so now you have to practice and practice and then practice .
Another way is CSR 100.
Empty the chart-write the price movement to discover the current trend
Focus on the price movement
> > > Bottom, top, bottom, top and so on
> > > Top, bottom, bottom, bottom and so on
Establish support and resistance lines
Support >>>> happens when you climb up the price/market then goes down but fails to break the line/area and upwards
>>> Resistance occurs when the price/market moves from the bottom to the height but fails to penetrate the line / area and bounce back.
Tip : Don’t put a lot of support and resistance levels and looking at the levels of (resistance) that control support/support turns resistance (potential) a lot of lines makes the chart fill the support and resistance levels which makes you excited just to make it simple and smart .
Find the phenomenon of role-sharing
> > > > > Support or resistance has shifted its function (resistance shifted to support or support converted to resistance))
SBR > > > support switch to resistance
RBS>>>> resistance shifted to support
A fraction > > > > > > > a price level penetrated support or resistance is a point/line/area where a shift to a resistance or support function occurs.
Give the arrow up for backup and the arrow down for the resistance.
Tip : when you find a resistance turned support/support turned into resistance clear lines of support and resistance that is not likely to change its function so I don’t chart full .
Find the point from which the transaction will enter, stop the loss, reap the profits
In the next graph, there’s an upward trend, so we locate the entry of a purchase.
Entry of the page >>>> after the breakage, and the new summit repeated, usually the price will bounce for the test several times when the area of the resistance turned to support (choose first, second, or third) if the price fails to break this resistance that turned to support after a few times (tested)this is an indication that this resistance that turned to support a strong enough will stress that this level fit perfectly must wait for the test the second or third to enter the page.
Pounds of profits >>>> highest point after fracture (resistance) and you can wait on the page due to the potential high price to break the resistance caused by the deal we traded with the trend.
> > > > < Few points lower the level of resistance that turned to support.
Do not do CSR 100.)
1 – if you use small time frame to show more opportunities and quicker to load compared to the tires time larger but if the larger time frame usually creates more points on the big timeframe and I suggest in the style of the CSR 100 to use time frame hours and reap the profits of at least 100 points.
2 – see a sample of charts to explain how to find the levels of resistance which turned to support and the levels of support that turned to resistance and then try to apply it on the chart blank and remember to are looking for levels of resistance which turned to support the costs of the support that turned to resistance, and to remember that these levels could be the area.
Know more about Price Action, which can be assisted by candle science or candle models, but more importantly, expertise and non-recommended use of indicators.
4 – there is no entry page in case of breakage we don’t know if this break is true or false in order to avoid that safe to wait to meet the terms of the method of the CSR 100.
5. it is not a recommended trading trend reversal due to risk high and our knowledge of the glen where the price will go way style the CSR 100 is also with the trend( you must discipline rules).
6 -acquire the skills to find a level of resistance that turned to support the costs of the support that turned to resistance, it’s not hard to trade and error if you practice well one day enough to find them.
7-if you want something easy just follow these simple rules is that the method CSR 100 enter the page after the second Test or the second mode for take profit and stop loss (stop loss higher/lower level of support/resistance is broken) (the profit P when the support/new resistance) this method has a success rate of up to 60-70 % where the rate of risk : and very good at least 1:2
8. adopts the method of 100% on technical analysis and you can login at any time just have to avoid the time of news release if the entered page is possible to hit the stop loss and wait 30 minutes or an hour after the news release.
9. who recommended entry of the page when you test the second or third to become a level logically invalid to turn the resistance level to support or improve support to the government and if you are a fan of risk enter the page with the first Test with a tight stop loss.
10-if you didn’t market/price re-test the resistance level which turned into support or the support level turned into resistance there are two possibilities :
No entry to deal > > > > you don’t need to negotiate, learn patience + discipline
Enter with the second test, not the first.
11 – you don’t need models, price or other confirmation of the price movement if you know whether that was resistance or en will be able to define or confirm the movement of price if I started to learn this method you’ll see that I used the support once and the price to get to the page, and then after that doing trading with the trend.
The chart has been emptied to allow you to draw up support, resistance and resistance levels that have shifted to support/support levels that have become resistant and help you more quickly and more accurately to ascertain the terms of the transaction.
13 – this method relies entirely on the principle of trading with the trend and support and resistance levels for the phenomenon of the exchange of roles and write us to enter into the transaction to comply with rule assist when support and research when resistors show the phenomenon of the exchange of roles and the extent of continuity of contact to allow us to trade with the Trend Methods simple enough to rely 100% on the basics of trading.
This method is proportionate and can be used for all couples, including gold and silver..
15 – next in CSR 100 entry with the second Test and that is to make sure be Support/Resistance a second test not only works as an enter page, but also as a signal to find out the page type ( Normal / Creeping / Blow off )
The most ideal is to wait for the price to bounce back from a re-test or the closest possible area to it.
Where do we put the cut-off? Personally, I think it’s best to use < > risk: return. for example, if you set a profit target = 100 points, I will put a loss stop = 50 points.
18 – make sure the levels of resistance that turned to support or levels of support that turned to resistance on the chart you should note that all support and resistance might be not all support level or resistance level can be turned into a (resistance turned support or support turned resistance )and the moment be of the form (resistance turned support or support turned resistance) must possess :
(Signed) A. Resistance.
If we don’t find resistance at the support line which turned into support or support at the support line which turned into resistance, the phenomenon of the exchange of roles does not occur = no entry page (commitment).
Technical analysis uses the concept of peaks and valleys to identify trends.
20 – stop-loss and take profit depends on the deal, every deal have different terms but remains a stop-loss is the same points the heart of the problem. lowest/highest (resistance turned support or the support turned into resistance) and reap the profits when the highest/lowest point after the fracture.
21. in accordance with the purchase method, the CSR 100 is not recommended to enter in the page when the second test if price reaches level of take profit (take profit should be 100, maybe less and maybe more) logical model summit/the next Double be and that an early signal that the trend will change.
Cessation of losses is very important .if you are trading without cessation of losses, you are not bound by the rules of the CSR 100 method.
23 -all he needs to this method is knowing what is support and resistance the disappeared and also level of resistance which turned to support and the levels of support that turned into resistance.
Why wait to re-test the second to enter into the deal ? Because the first re-testing shows that the level of resistance that has been converted to support and the level of support that has become resistant, the second re-testing acts as an indicator for entering the deal.
An example. –
From the previous graph (time frame H) we can check the changes early in the direction of when you be a Top Model double can price successfully break the level of support and the bottom of the new here we need to wait until the price rises to a region of the fracture by the soil for the opportunity to enter in the page data of the shaded area as the area of the first re-test to be (re-test clear the mission) A be the area of support turned resistance and best chance to enter in the transaction is that the price to re-test again this region must have stop losses a few pips higher than the highest level reached in the price when you first re-test and reap the profits when the next new After the break and as a result of the application to the second re-test, the deal achieved 1,700 points in 24 hours.
The rules for entering a deal according to the CSR 100 method.
Advised to enter after re-testing the second of the three types of pages ( Normal / Creeping / Blow off ) where the re-test first was purified art style of the CSR 100 for (Creeping / Blow off ) you don’t have the option of only entering after a second retest where a re-test of the first configuration level of resistance which turned to support and the levels of support that turned into resistance but for (Normal )if you risk you can entry when you re-test the first stop loss is so close that if the order of the losses achieves the lowest losses and the highest possible profit from the transaction.
According to CSR 100 rules, :