Trading Ranges, Support, and Resistance

Then there are the ones where the breakout occurs and there is no retrace. However there will be a place to enter safely with tight stop if you study enough, you'll see it. The key is to not just buy when it pokes it's head through resistance. This is for breakdown/breakdown trading only

 

YESSS, like today. I hate when I don't get retrace. I like to the first moves of the day near open bell.

Yes, no testing waters on the breakouts.

 

You'll be able to see the signal that replaces the retrace if you'll study these enough

 

Thanks , you right. I just have to keep on studying the chart. Practice make perfect

 

%%
IBD founders 2 or more books. Make Money in Stocks.......+ .....Selling Stocks Short.

First do an ID on main trend. Like on GE,selling , trended so much time below 200 dma , havent checked it today.Sorry your chart did not have much info on it

 

Thank you murray t turtle for responding to me.

I am still actively studying/practicing/trading support and resistances.

 

%% SPY+ VOO closed below 200 day moving average fri,. Thats bearish= if it stays below 200 dma. I had planned on it closing below 200dma today; good thing i did not call that a prediction LOL
Takes all kinds to make a market, a lady in FOX news jumped a barrior to take a ''selfie'' near a wild jaguar-she almost got killed. Who would have figured a wild animal in a cage is still wild??

 

lol