9/23 Price action

Discussion in 'Trading' started by ggoyal, Sep 23, 2008.

  1. ggoyal


    Beautiful price action today. how beautifully S/R lines are obeyed. Anyone not using them is seriously at a disadvantage. It's like guiding you through on a lonely road.

    clear down trend and then sign of reversal mid day. couldnt get any easier.

    Too bad everyday can't be like this.
  2. The proper conclusion would be that S/R lines are disadvantageous since they "work" only 1 out of ~22 market days per month. :cool:
  3. ggoyal


    that is wrong. it worked yesterday and friday. it works everyday. u just have to see which ones r important and which ones r not. u can't draw 100 lines and expect everyone to be obeyed.

    get it
  4. Glad I don't need subjective S/R lines...