Hi buddah What I reccomend is that you get a 1hr chart up and draw the lines, hopefully that will help you gain some clarity. Support and Resistance is not difficult, its just that most ppl approach trading with the mind set that it has to be difficult and that we have to find something other people dont see. I say be obvious! The levels that are the most noticable on your chart are the ones that the largest amount of people are watching. Just entered long at 61.75
Am I missing something. You talk of 62.50 but I do not see that in your confluence for today. Where should I be looking on your blog setup
It should be there I posted an area of 61-62.50 I am in the trade right now Just checked and it is on the list did you look at this post 09-04-08 11:49 AM Do you mean the fact that their no confluence number from MP or fibs. I use those as a bonus to boost the odds on the S/R level. They basically tell us when "other" players using those levels step into the market. I base my trades on the S/R, everything else is just for confidence
I am done trading today, I will keep an eye on the market and be in and out please post any questions and I will try to answer in a timely fashion.
Support and Resistance my friend, please get a 1hr chart up draw the lines and look left and all should become clearer. you need your charts to go back to atleast the 19th of August
lol we've made some money, you get green and you get gone! I'm going to hang around and watch the market. If I see something worth trading I will try to mention it.