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How a Top Professional Trader Locates Support & Resistance on Any Chart

Traders often talk about support and resistance — typical concepts you'll find in any technical analysis book.

But how do you actually turn support and resistance into a trading profit? Or into the avoidance of a loss?

In this extended video (adapted from a Strategic Day Trader coaching session), top professional trader Sami Abusaad takes you inside his process for drawing support and resistance.

And more importantly, he takes you inside the mental tricks you can play on yourself while analyzing support and resistance.

The tricky think about trading is that you tend to get exactly what you try to avoid the most — like giving back profits.

This lesson, which combines technical analysis and psychology, will help you understand where traders are most likely to go wrong when managing charts based on price action.