Another interesting day trying to understand how this S/R thing works. Today we had a slow downtrend (Trend Channel) that turned into a Triangle...
Ok, so my levels for today are in S, PDH and in R 2 days ago H and 3 days ago L. I will watch what happens at all those levels in case they are...
After the market Reversed from 2764 and crossed the 2750 level something interesting happened. Once a LH below 2750 was cleared, prices fell all...
Ok, I gave a try to the level spotted in premarket. I found that today trying to anticipate a trend out of a BO did not work (first Long), then...
Ok, so given what you suggested I have identified RTH PDL as my closest R level. This coincides by a couple of ticks with the whole movement 50%....
Thanks for your input. I am trying to understand the Horizontal S/R logic before starting to consider moving S/R levels. But thanks for taking the...
Thanks, I will pay special attention to those levels this week and post my observations.
Thanks for the chart So assuming your black horizontal line is Resistance provided by the Low of the Day of 2 days ago. Will you consider a long...
Not sure I follow
My opinion is not decided, but I am exploring something new for me. I dont need Padutrader saying that it doesnt work, just for the fun of it.
By the way I have ignored Padutrader, too much noise for me.
Thanks for the input.
Thanks for your reply
First of all, thanks for your comments. The thing is I get into a trend, Lets say a take a short in what then turns into a downtrend, so far 3...
Thank you very much for your reply. Any material I can explore regarding your view on S/R?
Ok, I will just keep waiting to see if someone posts something usefull.
I would appreciate if you don't hijack the thread. If you don't think S/R works, then is of no use to contribute besides saying that in your...
I have been working on a trading plan that so far has allowed me to profit in trending markets and to avoid big losses during congestions. But I...
New York
Hi, thanks for the comment. By fake reversal do you mean a Reversal that turns into congestion instead of a strong trend?
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