For real bro. You should look into Elliot wave theory. That will KO your support and resistance method all day XD.trader here. i trade stocks and cryptocurrency most recently.
i dont use indicators. only support and resistance. its the most reliable and common sense method applicable to real life in my opinion.
Guys, can i ask a noob question?
What is support and resistance in trading?
I am trading currencies and commodities. Its all about developing a strategy, backtesting it and then following it like a robot.
I am using moving averages (EMA) and support/resistance levels.
If you think you have come up with a system or strategy that works, then just load few months of chart data and backtest it manually. If it doesn't look profitable, it ain't worth it to try on real account.
how about cyptocurrency? because I need some advice about it, i am trap for almost 2 weeks now on FCT.