682# Zig Zag ma with Support and Resistance

Price action trading

Submit by Norim 13/04/2016

 

Zig zag with support and resistance is a simple idea for trading with price action based on support and resistanza level with dynamic zig zag. This trading idea can be improved but it seems effective.

Time frame 15min or higher.

 

Financial markets:any.

Metatrader indicators:

Support and resistance;

Df indicator (Zig Zag ma).

 

Trading Rules Zig Zag ma with Support and Resistance

 

General rules:

Price below significant resistance only sell.

Price above significant support only buy.

 

What'is a support or a significant resistance?

 

is a price level, which in the past has generated a reaction.

verified support and resistanze zone
verified support and resistanze zone

Long entry

price above support verified zone.

Df indicator indicates buy.

 

Short Entry

price below resistance verified zone.

Df indicator indicates sell.

 

Exit position

profit target ratio 1.5 stop loss.

 

Initial stop loss on the previous swing.

In the pictures Zig Zag ma with Support and Resistance in action.

 Zig Zag ma with Support and Resistance
Zig Zag ma with Support and Resistance
 Zig Zag ma with Support and Resistance
Zig Zag ma with Support and Resistance
Zig Zag ma with support and resistance.r
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