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Here is a pic of what i mean about, picking a spot and then finding an entry technique. Some people use smaller time frames and develop an entry techniqe of off those time frames while using the larger time fram for choosing the s/r level to take action on. This is what I got from Anek's AHG...

I think this statement is very important in trading with the trend. The key is finding that resistance spot in a down trend during the retracement that you think will hold price, and then watching for an entry technique to get you in. some people use fib numbers for the spot , others use places...

Hi Anek, Thanks for posting. I had a question as to some entries. I posted them on your chart. Thanks Max

Hi tv, I do it the same way, but since it is kind of subjective, i tend sometimes to wait to long and find myself missing a lot of good trades. So I was considering coming up with an objective trigger to get into a trade. thanks for the response. Max

Hi tv, Do you have cetain criteria that triggers the trade once price hits an s/r level. It looks like Susana uses a retrace/pullback after a 3br occurrs at the s/r level. Thanks for sharing your charts. max

I forgot to clarify one thing. The PA at a s/r area that will tell you to take action will be a 3BR, or Matching High/Low formation. Max

Amit, Here is a chart to try and explain an answer to your question, by what "i" think Susana means by her post. I thought it was a great post and hit the nail on the head. Susana please clarify this if you think my answer is way off. Rolex , no squiggly lines :-) Max

obviously that one didnt work out.

Trend is down and we are running into resistance and the price action is giving a 3br , this look s like a short play.

Time to Cover

I gues reversing was the right play.

Came off that Res into an area of S, maybe trends are changing and time to reverse, or take profits.

Is This what you mean by Prior Supprt Now Resistance, and PA tirggering a Short on the 3BR?

I am very familiar with Mike's work. If you like PM me and I'll try and answer any questions.

For Wed res 1442.75-1443.50 1439.00-1440.00 1436.75-1433.75 sup 1433.25-1433.75 1429.50-1430.25 1427.00-1427.75

Good article on s/r. Thanks for posting that. Once s/r levels are known, the next step would be to establish entry and exit techniques to take advantage of theses zones. I have found some good stuff on how to trade with the zones. A little different than Gary's method. The method looks to sell...

Levels for Tuesday 1440.75-1441.50 1438.50-1439.00 1435.25-14736.00 1427.25-1428.00 1423.00-1423.50 1419.50-1420.25

Well I guess the Res level worked out , support not so much.

Going out on a limb here: S/R levels for tomorrow Monday 1/22/07 Res 1444.75-1445.50 1441.75-1442.75 1438.25-1439.75 Sup 1433.00-1434.00 1430.75-1431.75 1428.50-1429.50 These are numbers which i would be looking to trade around on Monday. Will be buying support and selling...

Trading around reports is personal choice, I was just pointing out a resistance area that worked out.