An indicator that gives the S&R?

Discussion in 'Technical Analysis' started by Traber, Apr 23, 2008.

  1. That's only half of the equation because you're dealing with TIME and PRICE.

    Some use a tool such as a pitchfork to assist. That tool would be your choice and you must be comfortable with it.

    You must also unflinchingly reverse or get out of your position if your wrong and have an account balance that can withstand the noise of market activity.

    This is all assuming you trade off the charts.
     
    #31     May 5, 2008

  2. Time has nothing to do with trading price, nor does it have any bearing on establishing support and resistance. :)


    st
     
    #32     May 6, 2008