-most wanted indicator by traders..!!

SUPPORT & RESISTANCE is a very basic but most important concept in trading and investment.

• A buyer must always look for a price at support or above resistance and a seller must always look for a price near resistance or below support.
• Previous Support is next resistance and previous resistance is next support. These are some very basic Rules of Support & resistance

BUT, THE BIG QUESTION IS WHICH ZONE MUST BE CONSIDERED AS SUPPORT & WHERE SHOULD ONE IDENTIFY RESISTANCE ??

PRICE MAKES SO MANY SWING HIGH AND LOW ACROSS SO MANY TIME FRAMES MARKING POTENTIAL SUPPORT AND RESISTANCE.

• BUT WHICH ONE WILL WORK?
• WHICH ONE TO USE??
• SHOULD I USE A SWING HIGH / SWING LOW OF HIGHER TIME FRAME OR LOWER TIME FRAME ?
• SHOULD I USE ANY PARTICULAR MOVING AVERAGE OR ANY TECHNICAL PARAMETER AS SUPPORT & RESISTANCE?
• SHOULD I USE VWAP AS SUPPORT & RESISTANCE ?

None of them will work as all these levels are known to the operator. they know you will be waiting for these levels and the moment you enter they will trap you. once a while you will be rewarded here also otherwise you will lose hope. It is a biggest trap laid down in technical analysis and it is also one of the main reason why retailers lose money even after learning some technical analysis.

WE STRONGLY BELIEVE ONE MUST USE A SUPPORT AND RESISTANCE WHICH IS NOT AVAILABLE IN PUBLIC DOMAIN. A UNIQUE CALCULATION CAN HELP AND SOLVE THIS MOST IMPORTANT PROBLEM.

E.C.G INDICATOR plots the most important support and resistance on charts in the most relevant time frame. So when you open an intraday chart you get the most important support and resistance for INTRADAY. Similarly when you plot a swing chart i.e. an hourly chart then your get the levels for swing trading. When you plot the day time frame chart you get the positional levels and when you plot the weekly or monthly chart you get the support and resistance levels for highly positional trades.

INTRADAY SUPPORT AND RESISTANCE – These levels are changed everyday morning before the market opening. Thus a trader gets the roadmap for the market before the market opening for any trading instrument he plots on the chart.

SWING TRADING SUPPORT AND RESISTANCE – These levels are changed every Monday morning before the market opening. Thus a trader gets the roadmap for the entire week before the market opening for any trading instrument he plots on the chart. The levels remain same through out the week

POSITIONAL SUPPORT AND RESISTANCE – These levels are changed on the first day of the trading month before the market opening. Thus a trader gets the roadmap of the market for the whole month before the market opening for any trading instrument he plots on the chart. The levels remain same through out the month

HIGHLY POSITIONAL SUPPORT AND RESISTANCE – These levels are changed everyday morning before the market opening. Thus a trader gets the roadmap for the entire year before the market opening for any trading instrument he plots on the chart. The levels remain same through out the year.

TRADING CYCLES

ECG SYSTEMS PLOTS THE MOST RELEVANT SUPPORT AND RESISTANCE FOR THE PRICE. WHEN PRICE CROSSES A RESISTANCE THEN IT HAS THE POTENTIAL TO GO UP. SO IT IS VERY IMPORTANT FOR THE SYSTEM TO IDENTIFY NEW THREATS IN THE FORM OF NEW RESISTANCE GOING FORWARD. IT HELPS A TRADER IN PLANNING HIS TRADE AND ALSO BE AWARE OF THE UPCOMING THREATS.
SIMILARLY WHEN A SUPPORT IS BROKEN THEN THE SYSTEM MUST BE ABLE TO IDENTIFY THE NEXT SUPPORT.

ECG SYSTEM DOES THIS JOB WITH ALL ITS GREATNESS AND PERFECTION. THE SUPPORT AND RESISTANCE ZONES ARE PLOTTED IN CYCLES IN LIVE MARKET AND FRESH LEVELS ARE AVAILABLE WITH THE TRADER IN THE RESPECTIVE TIME FRAME. SO YOU ARE ALWAYS IN FULL CONTROL OF THE PRICE. AND TRUST ME IF YOU CAN CONTROL THE PRICE IN STOCK TRADING YOUR 90% WORK IS DONE.

A NEW TRADER NEEDS VERY SIMPLE UNDERSTANDING OF SUPPORT AND RESISTANCE AND VALID CROSSOVER AND CROSS UNDER TO TRADE USING THE ECG SYSTEM

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