Horizontal support and resistance levels in trading
4.5 (4 ratings)
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Horizontal support and resistance levels in trading

Levels will help make your trading system simpler and more efficient
New
4.5 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
580 students enrolled
Last updated 9/2017
English
Price: Free
Includes:
  • 1.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • You'll make trading in the market more transparent, understandable and systematic
  • You'll make your trading results more predictable
  • You’ll be able to choose trades with a potentially attractive risk-reward ratio and to filter out unattractive ones
  • You'll figure out market opportunities on different timeframes
  • You'll be able to follow the chosen trading tactics
View Curriculum
Requirements
  • It's necessary to know what financial markets are and to master the basic terminology
Description

Support and resistance levels is the simple and universal tool. They are applicable to any actively traded markets and timeframes, they don’t lag, have been in place for decades and don’t require adjustments to historical data.

Some traders, having tried many indicators in search of a perfect system, made their trading more understandable and effective due to the use of levels alone. And it’s no surprise since all ingenious is simple. Other traders use levels as an additional tool for market analysis. After completing this course, you’ll figure out how levels can improve your trading and recognize the important role of this tool in your trading plan.

This course reveals the issues needed to develop skills for applying support and resistance horizontal levels in practical trading – how to plot levels, what number of them is optimal, the properties of levels, examples in trading, etc.

The format of materials contains videos available online. The total length of video material is 90 minutes.


Who is the target audience?
  • The course is intended for traders who strive to improve their trading system in any financial markets.
Compare to Other Financial Trading Courses
Curriculum For This Course
13 Lectures
01:25:52
+
Введение
13 Lectures 01:25:52

In this video we’ll talk about how to plot horizontal support and resistance levels. Apart from this, we will analyze for what reason they are invented and how to determine and apply them in trading. First of all, it is worth noting that horizontal support and resistance levels work on all timeframes without exception.

Therefore, such approach to trading will be useful both for those traders who open positions within the day, that is, for those who trades short-term and for those who are ready to hold positions for several weeks, in other words, who trades medium-term.

How to plot horizontal support and resistance levels
09:25

In this video we’ll discuss the first property of horizontal support and resistance levels and analyze examples of their practical application.

The first property of support and resistance levels allows us to determine the trend direction, which is the direction of the market at the moment when one can trade in case entry signals appear on the current or lower timeframes.



The first property of horizontal support and resistance levels
06:06

In this video we will talk about the second property of support and resistance levels, which sounds in the following way: the market is more likely to bounce off the horizontal level than it will break it through.

We will discuss why this happens. We will also analyze the true reasons of the main market participants while trading near the levels and we will take the examples.

The second property of horizontal support and resistance levels
11:10

In this video we will analyze the third property of support and resistance levels, which reads as follows: after the breakout, the support sometimes turns into the resistance and the resistance into the support. This property is called as «reflecting». We will discuss the reasons of such market movements and take the examples.

The third property of horizontal support and resistance levels
05:31

Not all markets move smoothly, some of them often cause price gaps. In this video we will discuss how to interpret gaps in the levels breakouts and how market closing within the nearest support or resistance level affects the breakout existence.

Gaps in the support and resistance levels formation
03:24

In this video we’ll talk about how the market moves after the level breakout and consider breakout trading and pullback trading. 

Breakout trading and rebound trading
04:13

There are situations in the market when at first sight it’s difficult to determine if the resistance or support level has been broken or not. This happens when the price is closed several points above the resistance level in case we are looking for a buying opportunity or slightly below the support level when opening a sell position.

In this article we will discuss how to interpret such situations and whether they are worth considering as a level breakout.


The breakout visibility characteristics
02:39

We've discussed earlier the principles of plotting the horizontal levels, as well as their properties. In this video we will consider the use of pending stop orders when trading a breakout. These are such orders as buy stop and sell stop. Now by several examples, I will demonstrate the advantages and disadvantages of their use.

Pending stop orders in the breakout trading
08:45

In this video we will discuss why we need a trading plan and what main points it should contain for successful trading in the market.

Chaotic and systemless trading is a kind of gambling and in the long-term such approach guarantees loss of funds and has nothing to do with trading.

Each trader who is responsible for the trading process must follow the clear principles when entering and exiting the market. Therefore, each trader needs a trading plan. And now we will analyze its key points.

The role of support and resistance levels in the trading plan
10:00

Sometimes there are situations where, despite the signal existence, there is no possibility to enter the market because the minimum required risk-reward ratio is not met. The risk is too high or the potential profit is too small.

Often in such situations you can still get an excellent risk-reward ratio and enter the market, but to do this you have to switch to a smaller timeframe. For example, if you mostly trade on the Daily timeframe then the market entry will be determined on the H1 timeframe.

In this video we’ll take this approach as an example.

Entry points on smaller timeframes
06:25

In this video we’ll discuss several examples of using one of the key trading tactics which is applicable in any markets and timeframes that is a breakout trading.

Breakout trading examples
09:25

In this video we'll talk about pullback trading. This is my favorite trading tactics. Its idea is to search for the entry point at the time of the market correction completion.

Rebound trading examples
04:33

Levels indicator has been created in order to simplify the process of plotting support and resistance levels and zones on selected timeframes. It significantly reduces the time needed to plot them on the chart and simplifies a market analysis process.

Horizontal support and resistance levels are used to identify price zones where the market move can slow down or price reverse is likely to occur. Levels indicator helps identify find entry signals that appear during a deep market correction, or calculate stop-loss and take-profit.

Levels – Support and Resistance Indicator
04:16
About the Instructor
Alexander Mikhailenko
4.6 Average rating
5 Reviews
590 Students
4 Courses
Financial Advisor

I'm a financial consultant, trader and analyst, as well as an author of training сourses on trading and investment. I've been studying financial markets since 2008 and have experience in trading various financial instruments, including Forex, stock options, futures.

I've been advising traders and investors, developing algorithmic trading systems and creating financial markets overviews. I have an extensive experience in cooperation with brokerage and investment companies as an analyst, trader and consultant.

Degrees: M.S. in computer science, M.S. in business administration.

The author of the project for traders OptionClue.

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Финансовый консультант, трейдер и аналитик, автор обучающих программ по трейдингу и инвестированию. Изучает финансовые рынки с 2008  года, имеет опыт торговли различными финансовыми инструментами, включая Forex, биржевые опционы, ценные бумаги.

С 2009 года занимается консультированием трейдеров и инвесторов, разработкой торговых роботов и созданием аналитических обзоров финансовых рынков.  Имеет богатый опыт сотрудничества с брокерскими и инвестиционными компаниями в качестве преподавателя, аналитика, трейдера и консультанта.

Первое образование - инженер-программист, второе - MBA.

Является автором проекта для трейдеров OptionClue.

Aleksey Tatsitov
4.5 Average rating
4 Reviews
583 Students
2 Courses
Trader

I am a private trader since 2009 and I specialize in the non-indicator medium-term trading based on support and resistance levels. I'm a consultant and an author of training programs and courses. 

I am sure everybody can become a successful trader, to do this it's
important to find an appropriate trading style and strictly follow the
trading tactics.