Notice the slightly lower high that set up the 1-2-3 reversal off the opening high. The price levels where counter-trend traders shorted via sell...
good chart with a confirmed breakout today on good volume too VOLUME 5.38mil shares, +44.1% compared to typical volume of 3.73mil by 1:25 pm...
1. There is no "free ride" 2. If you trade through chop and get continually stopped out at full stop, shame on you. 3. You never know...
True, no one knows the outcome of price movement at any time -> I agree True, support/ resistance levels are frequent turning points. -> I...
I am a pitiful programmer. I can not. Trading is to me 70% art and 30% science. You either get it or you don't.
any good way to backtest support/ resistance levels?
Surf, I hate to even respond to your posts, but so that others don't miss the key point regarding you random entry. True, no one knows the...
attempting a new high breakout above 50.48 (three month strong triple resistance area) VOLUME 4.96mil shares, +9.9% compared to typical daily...
for Tuesday August 13/13 ~ 2:30pm pst ALL CAPS major trend ~ Initial Caps interim trend ~ Initial session trend dx: SELL ~ Buy ~ B S ?:...
looks like another leg up after some price consolidation, watch for breakout above 20.28, 22.6% higher volume VOLUME 2.33mil shares, +22.6%...
So if there are bullish "signs" such as a jobs report that's way better than expected, and expectations for future results (DJIA expected to blow...
DJI , 4-hr chart , 9.aug : As stated at 7.aug post , 1st target of DJI was 15513.90 . I mentioned earlier that a target works as a support /...
Gold , 4-hr chart , 9.aug : Gold hit 2nd target at 1311.04 .(ref. to 8.aug chart) When i'm talking about a target, i suppose it as a support...
I suggest you not worry about it and focus on what price is doing. Support and resistance are created when those with the wherewithal to do so...
abattia, I own both of these books. MP was the first way I began trading. I am a quiet observer of ammo's posts...have been stuck on the...
strong bounce off recent support with a confirmed continuation breakout above 26.87 BREAKOUT CONFIRMED breakout above 26.87, no resistance in...
This morning's activity may provide a more illuminating example of the last two questions I addressed (two up and three up from this post)...
30 and 40 were the limits of the trading range. 35+/- would be the midpoint of that range. Midpoints can sometimes act as support or resistance if...
Seriously, watch /NKD here.. it is trying to break the major uptrend here. I would *not* be a buyer here. Support is now resistance, 13725-13750...
The probabilities regarding retracements, reversals, and breakouts are determined by support and resistance as well as the balance between demand...
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