I agree Very good point.
You don't. Trading is gambling sweetie. :D
in CL, over/under shoot SR level will happen more in choppy mkt. You'll know it if a line can't be drawn properly and you need to rely more on...
flat top for a month is starting to show some signs of breaking to the upside BREAKOUT WATCH for possible breakout above 30.68, no resistance...
Look at next s/r..
That's not suppose to be an issue because support/resistance levels are NOT trade entry signals. Thus, it really doesn't matter if price doesn't...
Seriously Magic? You have the balls to flap your trap at NoDoji... yet this is your contribution...of which you have added ZERO content and...
Learning the nuances of price action and candlesticks can help. As an example-- if u have a defined supply zone (sellers exist in "areas" on...
Daily Trading Forecasts (December 20, 2012) The markets ran into important distribution territories on Wednesday, and further bullish moves...
To the OP. Just keep 2 of them on your chart:1)Support,at the lower edge of the chart....
Homework (to be done on 50 occurrences of the setup in your trading time frame): 1. Choose an S/R level (trend line, parallel channel line,...
You can consider things like momentum & volume & yada yada Ultimately you cannot know, you are looking for certainty for something which has a...
First of all you will never "know". Become intimately familiar with your trading symbol. If after becoming familiar with symbol and you...
B/C S/R sometimes static,sometimes dynamic.
Thats a difficult question but i do know that stops sometimes are hit to take out orders before reversing. SO if you can just imagine where...
how you guys deal with overshoot or undershoot of support and resistance level? How to know whether price would overshoot or undershoot?
Daily Trading Forecasts (December 19, 2012) Most currency instruments have continued in their biases - significantly. JPY pairs have also...
Another example of prior resistance acting as support? I will be stalking a long if price finds support in this zone. It' s imperative that...
Prior resistance did indeed act as support on the pullback. Nice when the market behaves as expected. :cool: Now, why did I not hold onto this...
So, targeting 4 pts while losing 1.5 pts R:R = 4/1.5 = 2.33 Nice R:R! A plethora of such trades can make anyone very rich
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