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First Touch Reset

(38 customer reviews)

$235.00

After thousands of hours of working on trading, trading strategies, and trading indicators, you begin to notice certain things. That is how we came up with the First Touch trade setup. We noticed that if price had not touched our support or resistance lines during the trading session or in a relatively long period of time, we were very likely to get a rebound or “bounce” off of the line the very next time we hit it. Without having the charts zoomed out far enough to see when price touched that S/R line or zone, we really had no idea how long it had been or how strong the line was likely to affect price. Once we applied our relative strength indicator at the leading edge of the line, we no longer needed to zoom out or take our eyes off of the current bar to help us make a trading decision. All the information was exactly where we needed it.

Category:

Description

After thousands of hours of working on trading, trading strategies, and trading indicators, you begin to notice certain things. That is how we came up with the First Touch trade setup. We noticed that if price had not touched our support or resistance lines during the trading session or in a relatively long period of time, we were very likely to get a rebound or “bounce” off of the line the very next time we hit it. Without having the charts zoomed out far enough to see when price touched that S/R line or zone, we really had no idea how long it had been or how strong the line was likely to affect price. Once we applied our relative strength indicator at the leading edge of the line, we no longer needed to zoom out or take our eyes off of the current bar to help us make a trading decision. All the information was exactly where we needed it.

Highlights:

Add to any chart or time frame
Assign line color, style, and size
Show S/R midpoints
Customizable line calculation input values
Toggle on/off
Relative Strength Indicated
User configurable support and resistance zones

38 reviews for First Touch Reset

  1. Michael W –

    5 stars

  2. Mark –

    4 stars

  3. Alan R –

    5 stars

  4. Matthias –

    2 stars

  5. Christopher F –

    5 stars

  6. Graham K –

    Major pivot lines for potential reversals

  7. Bill M –

    OK Connor, It’s hard to give a grade to something that is one of the core indicators of the system!

  8. Eric I –

    4 stars

  9. Ralph L –

    3 stars

  10. John D –

    5 stars

  11. Carlton –

    Good, but you’re never quite sure how much weight to give it – but it helps when combined with other indicators.

  12. Alex B –

    5 stars

  13. Eric I –

    One of the best indicators for support and resistance

  14. Chris M –

    Love this indicator

  15. Milby P. –

    An extremely valuable S/R tool

  16. Robert S –

    im very selective on my FT trades. usually i have winners, now that i refined the skill

  17. Bob R –

    Need to know the rules of use. Tricky for the novice.

  18. Abby –

    5 out of 5

  19. Ralph L –

    Don’t use much because it tends to cause problems with some non IT products I use.

  20. Ibe –

    Fantastic

  21. Keith –

    The First Touch Reset pivots are something I have not seen before. Knowing how long it has been (in seconds) since price has touched pivot lines has definitely added to my edge in trading.

  22. John A –

    nice

  23. SP –

    I wouldn’t trade without the FT reset lines

  24. Dave R –

    Fantastic indicator of support and resistance,

  25. William C –

    Extremely accurate

  26. Mark F –

    Excellent

  27. Sam –

    Love it & use it

  28. Don –

    Great supporting indicator

  29. Brett –

    Been looking for this type of Support and Resistance information

  30. Traderjoe –

    Good

  31. Derek –

    I’ve seen how the lines are respected

  32. John Vn –

    Takes practice but it’s worth it

  33. Mike C –

    I don’t trade the First Touch setup, but the numbers still give me an indication on the strength of support/resistance.

  34. Bill M –

    Great!

  35. Christopher Morrill –

    I would not trade without this indicator

  36. Brent –

    All it takes to recognize the significance of these lines is to go back and look at any trading morning and notice all the places where price halted, got hung up around or completely reversed from and see how often that happened around where these lines are. Trading pullbacks without this indicator is like flying blind; they are the base of my best setups.

  37. Bill H –

    I like being able to change the color of individual S&R lines, I like to see yesterday’s close, high, and low. I still fiddle with which calculation to use as I see different pivot points calculated in other places, TOS for instance. But it’s easy to set it to match the ones in the IT trade room. The length of time since the line was last touched is a great addition. A great reminder when some price is banging at the screen door like a fly, right Tony? 😉

  38. John –

    I am constantly amazed how often the market respects the FT line whether as support or resistance. I couldn’t trade without it.

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©  2019 Second Brain Trading. Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial s ecurity or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure: Hypothet ical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differen ces between hypothetical performance results and the actual results subsequently achieved by any particular trading program. O ne of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. I n ad dition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading pr ogram in spite of trading losses are material points which can also adversely affect actual trading results. T here are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully a ccounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Last updated December 19, 2017 Testimonials Example: Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success. Live Trade Room Example: This presentation is for educational purposes only and the opinions expresse d are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account