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.
Support and resistance;
Df indicator (Zig Zag ma).
Trading Rules Zig Zag ma with Support and Resistance
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.
price above support verified zone.
Df indicator indicates buy.
price below resistance verified zone.
Df indicator indicates sell.
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.