looks ready to breakout here BREAKOUT WATCH for possible breakout above 95.56, no resistance in area just above. Type: True breakout from...
As Jack says "you are inventing again". :-) A winning trade is NEVER a bad trade unless you go against your rules. In hindsight, if I shorted...
Thanks for that! First as a disclaimer: I probably wouldn't be able to do it better! Now let's bitch: That was a lousy trade!!! :D Do you...
The truth of the matter is I work 60hrs. per week to make a living and I have three daughters and my wife to spend time with so I can't take 3...
buyers might come back at 3215 started off as resistance after the fed meeting might become support now
what do you mean 1400?
This is not, however, acting solely as resistance. It's acting as resistance, then support, then the midpoint of a trading range, then resistance...
In what way does it act as a trend line?
If I remember correctly it acts as a trend line but no trading decisions come from trend lines unless its at support or resistance
If by "support and resistance" you mean the limits of a trading range, that is where the least number of shares are traded.
At support and resistance and since the bias has been up one can assume the big players were accumulating shares at these levels.
My point is that it's unnecessary to guess in advance with a high risk of being wrong, unless you can justify using a tight stop, compared to...
If point X acted as support or was a heavy congestion area previously, and now price is moving up towards point X, point X is a possible...
Hello MadeMan, In this thread Db has posted comments dealing with situations when there are no support or resistance levels ahead to guide. If...
[img] NQ has followed the FTSE today and gapped up out of the previous range. Shot straight up and halted. Most of the interest for the past...
Observations from the first 2 hours of the FTSE this morning. First 2 Hours Context Overnight the FTSE gapped up out of the previous range...
When TA is in harness with support and resistance it is indeed potent. If you want mote than TA and S/R offer you are looking for a free lunch...
The range is from 60 to 90, at least on the September contract. Therefore, a test of 60 is an excellent opportunity to go long. As for what to do...
DB, Am I correct that the possible reversal we see now happening between support at 60 and resistance at 70 would be a kind of no mans land trade...
The accurate NKD beast action continues. The falling wedge did lead to a nice uptrend for Japan and US markets. We never tested 13,000 and took...
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