s/r shooting

Discussion in 'Trading' started by clarodina, Dec 19, 2012.

  1. NoDoji has done nothing but contribute and assist newbies.

    OP's post was vague. Nonetheless NoDoji gave it more attention and constructive comments than anyone else, including you... btw
    [edit: just noticed RiffRaff just posted- also constructive comments]

    I agree with her comments about ET being inundated with clueless dreamers. It's also full of trolls, wannabees, losers and negative individuals. Your post confirms my beliefs.
     
    #31     Dec 20, 2012
  2. Seriously Magic?

    You have the balls to flap your trap at NoDoji... yet this is your contribution...of which you have added ZERO content and addressed NOTHING of the OP's Qs!!!???
     
    #32     Dec 20, 2012
  3. I take offense to the title of this thread in light of all that has happened in the past couple of weeks. OP should strongly consider changing the name of this thread.
     
    #33     Dec 20, 2012
  4. wrbtrader

    wrbtrader

    That's not suppose to be an issue because support/resistance levels are NOT trade entry signals. Thus, it really doesn't matter if price doesn't reach a s/r level or passes through a s/r level unless you're already in a trade and you're then using the s/r level as a profit target (exit signal) or stop/loss protection.

    Therefore, you should be using an entry signal that's independent of your s/r analysis. Simply, if your trade signal appears at the s/r level...you take the trade. If it does not appear when the s/r level is reached...there's no trade.

    As a reminder, s/r levels are not trade entry signals.

    Keep it simple...this isn't rocket science.
     
    #34     Dec 20, 2012
  5. Look at next s/r..

     
    #35     Dec 20, 2012
  6. limau2

    limau2

    in CL, over/under shoot SR level will happen more in choppy mkt.
    You'll know it if a line can't be drawn properly and you need to rely more on patterns. If not sure what patterns to look for , stay out as the risk is much higher when this happen.
     
    #36     Dec 20, 2012
  7. piezoe

    piezoe

    You don't. Trading is gambling sweetie. :D
     
    #37     Dec 20, 2012
  8. Lucrum

    Lucrum

    I agree

    Very good point.
     
    #38     Dec 21, 2012