We're not doing support and resistance anymore. Too difficult.
Did it break at prior support or resistance?...If not, it is very likely the trend is intact.
Unfortunately, that's not of much help to a beginner. Not likely a beginner would be leveraged to that extent. But it's not beyond belief....
I can assure you that there also ways to mathematically define support/resistance levels, and then backtest their predictive power. But...
Regarding "1", one can't find the trend unless he can define it. Simple, place a simple 200 period moving average on the chart and if the price...
Simple, place a simple 200 period moving average on the chart and if the price is above that line the trend is up, if it's below it's down. There,...
OD is not necessarily wrong, though it's odd that he would wait four years to steer the thread into a direction more in line with what he...
In your first post, you state that you joined ET specifically to comment on this thread because you've read threads like this before and you think...
I don't think so. The thing that really annoys me about threads like this is it leads newbies to waste tons of time and effort. Being a newbie...
1011: Price drops below last swing low. What does one do now? 1013: Price retraces 25%. Does not breach next lower swing low. What does one do...
Regarding your first comment about losing track of the approach, that may be true. I developed this approach for those who have trouble...
10/07 PnL. Performance summary to follow News & Summary: gdx outperforms gld -> consider this as possible signal of change in relative...
Remember that "support" and "resistance" have primarily to do with where price WAS and HAS BEEN. It need not have anything to do with where price...
The high volume node of 3224 for the time being is acting as resistance on the other side hvn of 3204 acted as support this morning. I t will be...
Indicators just helps us to determine the market trend so its better to focus on analysis and we can trade better with good analysis and...
If we going to expand the timeframes until it fits our directional bias that is not too far from lying to ourselves. Todays market are very...
A trend channel has little to do with support and resistance since trendlines don't provide it. The trend channel tracks the stride of price...
Gringo and DB, Thank you for taking the time to point out the errors I have in my understanding. I am very grateful for the time and effort...
I would point out a few things regarding the price action. One is to pay less attention to the diagonal lines and more to the support/resistance...
Well, things have been relatively quiet with Silver. Much more exciting to see most of the major US indicies pressure the bottom of their...
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