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Pine_Academy
13 lip 2019 13:36

Static Support VS Dynamic Support. Edukacja

WTI CRUDE OILTVC

Opis

US OIL (West Texas Intermediate)

By using the Principles of Dynamic Resistance
and Dynamic Support, We initiate Positions
at less crowded Price Points.

The first yellow circle on the top of the chart,
is the first entry given by the principles
of dynamic support.
A dynamic support rises as the price line rises.
A static support remains at the same level,
at the same price point, and is illustrated
by a horizontal line in most books and trading courses.
We rarely see the mention of dynamic support.
Using a dynamic support gives you a different viewpoint
and determines an entry point where most other traders
are not considering an entry.
When the price line reaches the static support level
further below, you already have a position and are
already in profit.
At the static support level, you can add to your position.
This way, risk is spread out at different price points.
Also, because most traders initiate a short trade at the
static support level, this often results in very choppy conditions at that level.
To initiate the trade there at the static support level
often results in experiencing unnerving conditions.

F. Normandeau
Komentarze
ajawwad
Basically your dynamic support is your trend line and from top or bottom you are drawing horizental line which you are calling static. Why to make it so difficult. Just call trend line and horizental support and resistance.
KeownArcher
@ajawwad, i agree , plus taking a sell on the touch of an ascending trend line wouldn’t be clever or advised . A break and retest first.
angelascanio
Thank you. I come from a country where oil is the most important product and we are not taught in this basic principles of economy.
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