Buy Support Sell Resitance Chase Breakouts (quickly) Broken support becomes resistance Trade with stops. Currently the ES is trapped in a chop zone between 5870 and 6170. Small trades within the range... make what you can of it should you care to try (However the general TA rule in chop is "Buy the bottom of the range, sell/short the top of the range")... no big trade plays until the range breaks out, either direction. (Should be another down arrow at the support break @ ~6110. Gomen.) For those of you ETers who "get it", you're welcome. (Then again if you get it, you already know this. ) Merry Xmas...
Sounds to me like what you said is a "cop out" for your not paying attention. "Hindsight" has nothing to do with this. Whether posted in "real time or not", is irrelevant. I have posted in advance, "watch for this" on several occasions. If you want me to post "real time trades" so you can try to copy my plays.. ain't gonna happen. I post for smart traders to "learn... for when the setups happen again in the future". They will mean the same next time as they did this time. (If you can't learn from that, then you have issues.)
That's nothing special, anyone can identify potential support and resistance on a chart. (just posting to piss you off!
If couse they can... It's "Chapter One" in Technical Analysis. I post because so many are in a hurry to "get past chapter one and get on to the good stuff" and end up missing the boat. I see from your profile that you have been on ET for 20 years. How could you not have recognized all this by now??
Sounds a little condescending, don't ya think? This isn't just condescending, it's downright silly. So who are these "smart" traders? Actually, I change my mind. Who are the dumb ones?