As Dozu says, Pro's aren't stupid, they know where Retail will place there SL's, they know how to take retails money on mass, that's where they make there money, not off each other, but by taking a slice of retail pie. Why do you think, market often reverses right after your SL's been hit and sometimes thats a trap aswell, it's going back up, back in and back down again SL hit again. We are playing against a highly trained and very clever opponent, there working together, we are all alone, guessing at best. No shame in being beaten by the best thankfully
Really? Everyone is doing it? Everyone has the same levels of support and resistance? And to the same exact tick! Hmm!
Imagine. If there were no Technical Analysis for Dummies. Nothing at all. And all the newbies are just given a naked chart to use. I bet the success rate would be at least 200% higher.
The pro's are using the PREM and also they will size into a spread that will move the index at the most convenient times...too easy really. Retail is clueless.