First Touch Reset

First Touch Reset

Rated 4.79 out of 5 based on 24 customer ratings
(24 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.

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

24 reviews for First Touch Reset

  1. Rated 5 out of 5

    John

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

  2. Rated 4 out of 5

    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? 😉

  3. Rated 5 out of 5

    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.

  4. Rated 5 out of 5

    Christopher Morrill

    I would not trade without this indicator

  5. Rated 5 out of 5

    Bill M

    Great!

  6. Rated 5 out of 5

    Mike C

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

  7. Rated 5 out of 5

    John Vn

    Takes practice but it’s worth it

  8. Rated 5 out of 5

    Derek

    I’ve seen how the lines are respected

  9. Rated 4 out of 5

    Traderjoe

    Good

  10. Rated 5 out of 5

    Brett

    Been looking for this type of Support and Resistance information

  11. Rated 5 out of 5

    Don

    Great supporting indicator

  12. Rated 5 out of 5

    Sam

    Love it & use it

  13. Rated 5 out of 5

    Mark F

    Excellent

  14. Rated 5 out of 5

    William C

    Extremely accurate

  15. Rated 5 out of 5

    Dave R

    Fantastic indicator of support and resistance,

  16. Rated 5 out of 5

    SP

    I wouldn’t trade without the FT reset lines

  17. Rated 5 out of 5

    John A

    nice

  18. Rated 5 out of 5

    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.

  19. Rated 5 out of 5

    Ibe

    Fantastic

  20. Rated 3 out of 5

    Ralph L

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

  21. Rated 5 out of 5

    Abby

    5 out of 5

  22. Rated 4 out of 5

    Bob R

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

  23. Rated 5 out of 5

    Robert S

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

  24. Rated 5 out of 5

    Milby P.

    An extremely valuable S/R tool

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