support & resistance

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Experienced forex traders course - 10 hours one to one training - £3600

£4,500.00

As time has passed I have realised some of the more experienced traders are able to learn how to trade my method in substantially less time than it takes for the novice traders, as such I have introduced a more affordable option.

10 hours 121 teaching then instant access to the unlimited group session mentoring classes

I am seeing very quick results with traders that add my method to their existing trading style, in some cases just a few hours with me transforms their trading from 50/50 or 60/40 win rate to an instant increase to 80/20 or better. I promise you that you WILL NOT be disappointed.

Strictly for fulltime home traders that can at least prove they can make consistent controlled account growth using price action on a demo account and are available to be trained between 8am and 12am gmt.

Contact me on skype - traderteacher for more details
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20 hours one to one forex mentoring

£4,000.00

I am certain more experienced traders will benefit from my shortened mentoring class, in some case ten hours will be enough teaching for you to master my methods.

After the 20 hours is up you can upgrade to the full 60 hour mentoring course for an additional £2500 or buy blocks of ten hours at a time for £1200.

Please note a further £1000 will be required in order for you to benefit from the unlimited group lessons after the 20 hours 121 mentoring has expired.
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Group discounts

I am offering a discount to traders who want to learn my stuff as pairs or small groups.

Minimum two people at £3800 each for the full 60 hour mentoring package, an additional £1000 per person will be required if you wish to join the exclusive trading group after the mentoring package has expired.

I realise there are often traders that help each other and trade together so if this might appeal to you then contact me via skype or email. skype "traderteacher" email darryl @ dgbwebdesign . com

Substantial discounts can be arranged because of the increased efficiency of teaching two people at the same time.
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Group discounts

Jan 30th 2012 - I conducted my first group training session today and I feel it went very well, everyone said the additional debate and input added to the learning experience.

Full mentoring for two people together will be £3800 each. An additional £1000 per person will be required in order to join the group trading room after training has been done.

I realise there are often traders that help each other and trade together so if this might appeal to you then contact me via skype or email. skype "traderteacher" email darryl @ dgbwebdesign . com

These discounts are possible because of the increased efficiency of teaching two people at the same time.
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limited to 30 hours mentoring

£5,995.00

Jan 30th 2012 - Full 60 hour mentoring option reduced to £5995 until I am over subscribed (1 place available) - then it returns to one out one in


I am frequently being asked to make my tuition more affordable, I realise £7995 is alot of money to find in one go but please realise I have taught many people now and feel 50 hours is the least amount of time required by me to ensure you are fully conversant with my method and strategy. 50 hours of one to one live tuition is a huge commitment from me therefore I truly believe the price is justified and hope you do too.

For £5995 I will give full access to my unique trading method along with 30 hours of one to one mentoring.

Any additional hours required can be purchased in modules, 10 hours for £2000 or 20 hours for £3500

By purchasing anything less than the full £7995 mentoring package you MUST understand that I cannot be held responsible if you are unable to fully understand my unique trading system.

Trading consistently and profitably is a skill learned as a result of 1000's of hours of practice. I can teach you how to enter and exit trades profitably using my unique trading framework, however I CANNOT teach you patience and discipline.
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Support and Resistance Trading

support & resistance |  Support and Resistance Trading

What is support?

Support is a level that the price of a commodity, share, currency or index becomes supported at. It is the level that buyers agree is good value and start buying whilst sellers agree is not good value any more and get out of their sell trades.

Support can also be called the demand level, it is the level or price that demand for a stock or currency is strong.

Support can also be called the area of fair value or price balance.

What is support and resistance

What is the correct definition of support and resistance?

I have studied support and resistance for over five years now. I know I have a better understanding of how to plot the major levels of support and resistance than most so called support and resistance forex traders.

By major levels I do Not mean by default the levels taken from higher timeframes, no two levels of support and resistance can be considered equal, one will be respected whilst another will be totally ignored.

You will hear all sorts of phrases in your forex journey, orderflow, supply and demand, buy zones, sell zones, consolidation areas, accumulation areas, fair value zones, initial balance areas, ranges, sideways movements etc etc. To me they all mean the same thing, SUPPORT AND RESISTANCE.

Pleas don't let yourself get confused by jargon. Let me put it in a sentence for you.

Support is just a low point in price, a level that buyers consider the price to be fair value, there is demand at that level, the price doesn't want to go lower, it moves sideways, ranges up and down bouncing on that level, long / buy orders will be accumulating at that level

Resistance is the opposite, it is a high point where buyers have run out of steam, they will be thinking it is a good place to sell and take a profit, there is plenty of supply.

Remember, it is the big players that drive the prices, it is the big orders that cause the movements.

Consider a city dealer has bought 100 million worth of gold at 1300 an ounce and it has risen to 1400 an ounce and now he wants to realise his profits. What is the best way to maximise his gains, sell the 100 million in one go, or sell in little chunks?

With 100 million he can do what he likes. If he sells all at once he may not get a buyer for the whole 100 million and the price will just collapse, not a great way to maximise gains really, however if he sells 10 million at a time the price will drop a little and should recover or might even continue up, then he can sell some more for an even better profit, and again and again. Some traders may even use their profits to drive the price back up again, it is mad but it happens.

That is what causes sideways movement and volatility, that is why the price moves like it does.

Then think about the effect of multiple big money traders all battling it out on every different timeframe, that is why we HAVE to understand just what the charts are telling us about trends and support and resistance.

More to follow.

How to define true support and resistance

Support and resistance trading part 2

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