Breakout --> Pullback --> Go! Previous Support becomes Resistance. Finally reversed Breakout --> Pullback --> Go! Previous Resistance becomes Support.
When it comes to trading the obvious is not so obvious because there is no obvious. Trading is gambling. Gambling is to bet on an uncertain outcome. If something is uncertain then it is not obvious. Therefore, when it comes to trading, there is no obvious.
Dear TO, finally I understand what is double zero in casino..... if you bet on Red, your chance is 18/38....casino is 20/38 vice versa for Black.....if you bet Zero...winning chance only 2/38... The double Zero ensure in the LOng run House wins...... So , can you teach me how I apply double zero in trading??
The obvious is that there's no obvious. T=$ means, stop reading this thread and get trading, it is the only way you'd learn, certainly better than trying to solve some pie in the sky ridle. That is not to say that i personaly don't appreciate the effort by some here, BUT, i know for a fact even if a successful trader was to show me his method it will not necesarily make me a successful trader, that means: find your own way. One more thing, if i was a successful trader i'd be telling unprofitable traders to keep going for as long as possible, someone has to take the other side right? It is dog eats dog after all. In case i get accused of being bitter, not at all, just trying to view things matter of factly. have i got something stuck on my teeth??
I'm finding it firsthand that the doing is actually a lot tougher than the saying. I guess we all need to do, do and do as the oracle says to be perfect.
I am pretty sure it just clicked with me, the title of the thread. Not in my trading, but literally the title of the thread.