Many words written on Elite Trader revolve around phrases like 'Price Action, 'Support' and 'Resistance'. This question involves the use of 'Support' and 'Resistance'. Any insights are greatly appreciated. Let's assume that the instrument you are trading has Support at 100 and Resistance at 110. Let's also assume that you have a Risk tolerance of approxiamately 2%. You want to buy at support. Would you wait until the price moves down to 102 where you place a Buy order and place your Stop at 99.75? Is this 'buying at Support' ? After you are in the trade and it goes your way, would you place an order to exit at 108+ and then Sell (~2% from Resistance) ? Is this thinking of S&R too simple ?