I'll take a stab at an outline or atleast starting one. TOPIC - PRICE - (Uknown where it goes) I. Trend A. Price will continue to move down more than up in a downtrend and the reverse is true. B. Support will continue to be broken more and Resistance broken less in a downtrend. The reverse is true C. The speed at which price moves across support shows conviction (incorporating velocity) II. Time A. The more time price spends at S or R, the higher the chance that it will be broken. (In theory) B. Momentum tends to show the Generals C. The faster the price moves to or away from target the more clear the decision to get into the trade is right or wrong Some of this stuff seems very novice but it took me a while to have a light go off as to what it really means
Nice start XX, but as with all things in life, the basics must first be covered before advancing. You recently said, "they are not S&R numbers I got?" Did you ask yourself WHY? How did TE get different numbers to YOU? Surely if TE was looking at what YOU were looking at, would both not SEE the same things? TE
Yes. We are looking for different trees in the forrest as they say. The levels I look at are the clear peaking areas that price has not "painted" over. The ones YOU are looking at, I am not quite sure. I'm not saying either is right or wrong.
You're right TE. One should be able to figure out how to gamble best without asking anyone else, even The Experts. And the reason for that is simple - there are NO EXPERTS in gambling. There are people who can do it ( a few ) and for most of the crew letâs just say they waste it.... amp.
TheMan is just bewildered that this thread is at 220 pages, considering it contains no info at all. TheMan is now waiting for TheExperts thoughts on this.