From support to resistance

Is it possible to make a living by operating from support to resistance and resistance to support?

 

sure, all you need to do is clearly define support and clearly define resistance then automate it. so far no one can define either

 

Hello trader1974,

I believe YES, if the XXX to X,XXX amount of trades you take have positive expectancy overall AND you are comfortable and having fun trading this way.

The only way to know is to try it.

 

2rosy,

How can the automated trading system be programmed to trade support and resistance? I can only identify support and resistance with my eyes.

Thanks

 

stop thinking support resistance - concepts that nobody on main street think about.

think psychology.

 

I really wish it were that easy. It is?

 

Dozu88 don't be negative, if you think it's impossible, it will be impossible

 

Dozu888 I understand that like me, you have failed many times but that does not mean that it is impossible, can someone give us some light to achieve it?

 

Support resistance has a low risk entry point, a price development and a goal, the 3 factors are crucial to operate intraday

 

Talk about day trading.

I doubt you can make a living with that.
firstly support & resistance is not a line. it is a band.
secondly, price may / may not pierce through S & R and you can't predict that.
Professional talkers, Professional writers & trading coaches like to talk about such thing.


I make a living by recognizing and taking continuation and reversal signals.
I don't draw any single support resistance line or band.
But lots of Professional talkers, Professional writers & trading coaches draw thousands of S R lines / bands.

One of my trading coaches ( a hopeless useless trader ) drew thousands of SR lines till you can't even see the candlesticks!!!

All the best mister.