The ideal and precision of support and resistance that never comes in forex trading

Some people believe in the ideal while others looking for precision - but neither can happen consistently although it does occasionally. In this topic we discussed specifically about support and resistance level as it is the basic fundamental of success in technical analysis. If you can master at least of 80% accuracy there will be great success in forex trading career.

Ideally the support and resistance level represented by the Bollinger bands indicator - you can see it on the chart and it is pretty much quite close. Some people will use historical data where support and resistance are determine by the previous high and low of the price level. The idealist usually used these methods to determine their support and resistance but very often it breach the ideal and go for overbought / oversold positions.

The part where this mentality will fail usually at the higher time frames i.e. Weekly and Monthly. Because when it breached the ideal support and resistance level and going into overbought / oversold zone it will takes very long to make reversal or corrections. Although the reversal is imminent but if it takes two weeks or a month most novice will usually close at loss positions already because they can't afford to wait.

Another type of mentality are those people who looks for precision - usually using the MACD indicator convergence / divergence to determine exactly the point of true reversal. But then again there are possibility the market move against it or reverse faster than the MACD signal. Most often of all novice traders usually missing the bigger reversals volumes because MACD is too late to tell when it reverse.

So to sum up everything what make all the failing in forex trading because there are no precision and no ideal.