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
Long @ 36. Stop @ 34,50. Target 40. Rationale: I`m betting that prior resistance will act as support both here and on NQ. Maybe I`m too...
Sorry, TA is part of the model....how could it not be? Support , resistance, etc all works in my thinking.
Daily Trading Forecasts (December 18, 2012) Nearly all JPY pairs (including certain crosses) opened with gaps at the beginning of this trading...
Hi one and all Happy to have found this SG thread. As introduction, I swing trade at home: - 2 day to 2 week timeframes - trading options...
Thanks for your thoughts Tonkadad. I've read through two of his new books and I am giving strong consideration to picking up the course.
Daily Trading Forecasts (December 17, 2012) The currency instruments trended strongly last week and ended the week as such. This week, the...
NoDoji, Firstly, I want to apologize to you for being a bit snippy and defensive yesterday. You were making some polite constructive criticism,...
That kinda crap only happens in Brooks' fairy tale books. For the ultimate in instant relaxation, I highly recommend buying inverted hammers...
"Joe" just called me in a fever pitch: "Doc! No ET is worse than No Doji! You know I usually spend Saturday mornings getting into lathered...
Cactiman, all trends end and nobody knows when this will happen. I believe you had the right idea to buy the APPL dip, and the only mistake you...
AAPL had a catastrophic day. Plunged below previous support on the P&F chart. A technical analysis on a barchart would show AAPL at support is...
Your anchor chart tells you which direction to be trading; your entry chart is for pinpointing precision entries. Unless your'e a micro-scalper,...
Daily Trading Forecasts (December 14, 2012) This week has been great so far. The currency instruments trend strongly, as pairs and crosses form...
Daily Trading Forecasts (December 13, 2012) With the significant, and sometimes volatile movements in the markets, more fundamental figures...
...reacts to previous highs and lows. ...thats called support resistance not just read the book. although together is how I made a living...
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