Most important action in the markets occurs around support and resistance. (If S/R holds, it means something. If S/R breaks, it also means...
Buy Support Sell Resistance Chase Breakouts Trade with Stops Thanks @Scataphagos
The green resistance zone continues to hold. This is a place to take long profits if you've got 'em and to short if you're so inclined. (You...
Sometimes you can even see the algos working against you when you're trading something that has a pretty good size spread. You will enter a sell...
Literally nobody cares to hear about you losing, Willy Loman.
Great post. :thumbsup: I agree with you 100% as that has been my experience to date.
Ditto. It has always been my view that to make any real money for most retail screen jockies like us, we have to make unhedged bets on...
Good Morning Sekiyo, You have to keep trying and see what works for you. That is all you can do
It's because the options are being traded on the names with "excess returns" and those are all the high(est) beta names. The S&P 500 includes the...
Alright. It's a bit over my head but I see what you mean. This sounds like real trading compared to my PA, Support and Resistance stuffs xD I'll...
Funny what's happening after the false breaks.
That's on the 1min I have highlighted 4 false reversal. [ATTACH] To solve most false breakout ... From what I've seen (little) Waiting for the...
Yes, I tried buying when low > resistance and sell when high < support. It improves the overall performance of the system. You're closing the...
I have tried with a 10 EMA but all longs were > 10EM and all shorts were < 10EMA. Tried with a 20EMA and it indeed filtered some bad signals and...
What you can do ? Trade discretionary. Then you could wait for breakout confirmation on the other side once you are short. Usually there is large...
Maybe S&R don’t exist but it’s not the point. I don’t use stops but switch btw short & long. Makes sense … Be an investor, not a daytrader.
First problem is support and resistance doesn't even exist. The second problem I see is you're using stops. Of course you're going to get stopped...
Supports are purple and resistances are orange. The levels are drawn programmatically, Agree it’s not beautiful but … The levels are here.
What do you consider support and resistance in that (IMO useless) chart?
[ATTACH] It’s a simple PA system based on reversals, A reversal is a break of support if long, Or a break of resistance if short. It’s a...
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