Anyone trading purely Support and Resistance get a 70% or high 60% win rate?

Discussion in 'Technical Analysis' started by iamnewuser911, Aug 28, 2016.

  1. With decent Risk vs Reward of course.
     
  2. southall

    southall

    OP did not mention opportunity or the number of good signals/setups you get.

    I dont think you can have high win rate, high risk to reward, and high opportunity.

    That would be the 'holy grail' of trading and it doesn't exist.
    Otherwise we would all be easy rich already.
     
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  3. gkishot

    gkishot

    How are you trading them?
     
  4. a moving average, look for break of support/resistance, then enter on the pullback if MA above price for downtrend, MA below price for uptrend, otherwise I skip.

    It feels extremely inconsistent tbh.
     
  5. Xela

    Xela


    Guilty.



    I go up and down some hills, and use a rear-view mirror and wing-mirrors. [​IMG]



    It doesn't matter. Absolutely no impoliteness intended at all, but (a) win-rates are only one part of the profitability formula, and (b) I strongly suspect, overall, that it may well be easier for many to make overall profit from a 35%-40% win-rate than it is from a 60%-70% win-rate, and if you read books like Van Tharp's Trade Your Way to Financial Freedom and Tushar Chande's Beyond Technical Analysis, they explain why, with examples. And in that sense, the answers don't matter much, because it's kind of a "bad question". Sorry!
     
    Last edited: Aug 28, 2016
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  6. cvds16

    cvds16

    I trade S/R intraday with an extremely high profit percentage, but it's just one trick in my book ... you need context to judge them ...
     
  7. Let's rephrase the question:

    Is anyone here really succesful (extracting significant amounts of money from the market) using S/R?
     
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  8. Care to elaborate with 1-2 examples?
     
  9. Pretty much tbh.
     
  10. cvds16

    cvds16

    sorry, I was kinda expecting that question, don't feel like giving that secret away ... it took me about 10 years to get it ...
     
    #10     Aug 28, 2016
    dealmaker likes this.