Trade support and resistance and not complicated terms..

[jeraldskie11]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.

Any trading strategy that you are able to learn properly will give you success.

I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.

I also believe that any strategy will work as long as you master it including Support and Resistance. As far as I know, SnR is a basic strategy and yet a very effective one. Even though my strategy is not this but I used this sometimes as my confluence to increase the probability of winning the trade. It's very important to never skip the basics in trading, it helps you to succeed.

[Gposas]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

So trading resistance and support zones is now considered easy? Don't be fooled by things you see online. You saw the guy who made 1m dollars from $100 but did you care to ask how much he lost before he was able to meet such target? Along the way he made some losses and kept trying till he got there. He didn't just make it in one trades but multiple trial.. I've forgotten his name actually as he's not even the first there are some other big traders whom did same.. s&r, works along side ict and smc you just need to practice them all... No one way will guarantee you huge profits...

I agree with you mate, its a common thing online, you wouldn't see complete information from either their adverts or social media handles.
They don't give the depth of what transpired, rather they'll only tell how the profit was made.

Predicting and placing trades on a very close range to the Resistant or Support isn't as easy as it seems because the market may either go beyond or it may likely not reach the price placed.
Even if you're trying to use the previous R /S price to predict the next, it isn't 100% certain.

So it is advisable to DYOR properly and have adequate knowledge rather than following some kind of ads or online testimonies.

[doc]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.

Any trading strategy that you are able to learn properly will give you success.

I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.

I also believe that any strategy will work as long as you master it including Support and Resistance. As far as I know, SnR is a basic strategy and yet a very effective one. Even though my strategy is not this but I used this sometimes as my confluence to increase the probability of winning the trade. It's very important to never skip the basics in trading, it helps you to succeed.

The strategy used by each trader is different, although the basic strategy of support and resistance is widely used.
I sometimes use different strategies depending on my beliefs and analysis at that time. So we can have different strategies because they are adjusted to the experience and beliefs of each trader.

[Blaze]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

The strategy of trading Support and Resistance and taking note of trend lines is price action strategy. If you have a good understanding of Price action, there will not be any need to try ICT or SMT which are names of other trading strategy which will also give you success if you are able to really understand it.

Any trading strategy that you are able to learn properly will give you success.

I agree that having good knowledge of Support and Resistance strategies and trend lines is sufficient to trading successfully. No matter the strategy that we select, the main asset is our capability to learn it thoroughly and apply it correctly. This means that if we follow the basics of concept appreciation and mastery of concepts, any strategy that is in place will be the right tool towards the wanted end.

I also believe that any strategy will work as long as you master it including Support and Resistance. As far as I know, SnR is a basic strategy and yet a very effective one. Even though my strategy is not this but I used this sometimes as my confluence to increase the probability of winning the trade. It's very important to never skip the basics in trading, it helps you to succeed.

The strategy used by each trader is different, although the basic strategy of support and resistance is widely used.
I sometimes use different strategies depending on my beliefs and analysis at that time. So we can have different strategies because they are adjusted to the experience and beliefs of each trader.

Indeed, the trading strategy that is adopted by each trader is completely unique. In most cases, the strategy that we find most appropriate for our analysis and beliefs is the most appropriate under given conditions. This makes our strategy usually become adaptable and grow with time, hence variation that are characteristic of the strategies used by each trader coupled with their perception of the market.

[Hisbullah]

Indeed, the trading strategy that is adopted by each trader is completely unique. In most cases, the strategy that we find most appropriate for our analysis and beliefs is the most appropriate under given conditions. This makes our strategy usually become adaptable and grow with time, hence variation that are characteristic of the strategies used by each trader coupled with their perception of the market.

every trader has confidence in making a strategy according to his knowledge and experience in making analysis and predictions. We see many traders who succeed with their own strategies and if we imitate them, it turns out that we do not get as much profit as they do. that is the function of experience and always honing our skills in trading.

[SamReomo]

Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.

[satpol_PP]

Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.

Honestly I don't like coins that rely on FOMO, I prefer to trade with top coins because it's safer and if the market drops until I'm trapped, I'll hold. but if we choose FOMO coins if it's too late to sell while the price drops we will lose our money.
but all choices and risks are up to each of us in choosing what coins we will buy.

[SmartGold01]

Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.

In meme coin it's always like this because you might follow the trend on media and just rush into the market but it will surprise you how the market will reverse, and cause a huge dump where other influencers or traders has already taken profits from the coin.
So it's not good to be carried away with whatever we have seen on media because if we do not carefully monitor them and rushed to the market we would always end up losing big time.

[Azharul]

Support and Resistance along with some other technical indicators work like a charm especially on coins where FOMO is always there. Such coins are most probably promoted by influencers who themselves have invested in those coins. One such coin is Brett, it got huge attention and due to that it made some people millionaires, it was promoted by Crash, a famous Meme coin trader.

In meme coin it's always like this because you might follow the trend on media and just rush into the market but it will surprise you how the market will reverse, and cause a huge dump where other influencers or traders has already taken profits from the coin.
So it's not good to be carried away with whatever we have seen on media because if we do not carefully monitor them and rushed to the market we would always end up losing big time.

If we follow in cryptocurrency market we can see that trade is support and resistance both is also including. We also know that trade is one of the best profitable source in cryptocurrency market. Because if we want to trade carefully, i think that we must be best benefited from trade. So when we want to trading for best profit, we must understanding in cryptocurrency market, and also be best knowledge in trading system. Then we must be told trade is not complicated.

[Bobcrypto]

I just saw a post on Twitter where someone turned $100 to $1m trading only S&R, H&S and basic chart patterns. Come to think of it, isn't that better than trading complicated ICT/SMT concept's cos I see it as almost the same..I believe I'll be going back to the basics where the noise are less. What do you think traders..

Knowing the basic technical analysis is very important in trading. It will help you to be successful in the long-run.

To be able to trade efficiently and earn good profit, you may not earn regularly if you just rely on just the technical analysis without other trading features like the fundamentals analysis, with trading indicators.
A good example of technical analysis is Moving Average, Relative Price Index, Volumes, and Exponential moving Averages etc.
Now, technical analysis focuses on price actions and charts patterns, statistical trends and volumes over times. fundamentals analysis focuses on the intrinsic value of an assets