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Had a look at Daily charts of HSI, NIKKEI, FTSE, DAX, SPX, INDU, NAS & whilst all are trading near the lows & we had that lovely jubbly bounce in the afternoon I see histogram declined on most of them all the way to the centreline. I sense a sell-off taking us right through current support zones...

Son of a gun, you're right! But did they have to shake me out of my long?

L828.5, s~4.5, h/s-10 Scaled out 2/3 +4.75 1/3 +13.75

I have been having a rather weird streak of events recently, where I use same method as before, yet results seemed to have flipped from consistently profitable to the opposite, due to vola increase I had to decrease size obviously. Quite frustrated at the moment, maybe I ought to just short &...

C'MON!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Scaled out 2/3 +5.25

L835.25, h/s -5

re-entered off 3m C'MON!!! -4 bollocks! is the word

L842, s~4, h/s-10 b/e very poor results recently

L845.5, s~1.5, h/s-10 -1.5

no idea, but weekly histo formation setting up a bullish pattern ImPO

And then, and then my dream comes true and we go to $0.00 S&P followed by introduction of -0.25% interest rate & followed by a rally back to 1600...all in 1 day :)

OK, I still think it's a bit of apples & oranges. On the other hand people that use indicators disregarding support/resistance levels are a different matter, they are the ones that must find it plain impossible to even get to a breakeven stage. So how do you decide whether to sell resistance...

I have a bit of an issue with the title of the thread, for it to be valid one has to suggest that support & resistance based trading carries no risk or is the 'Holy Grail'. But in my experience no matter what entry/exit system is being used (from the ones that I've seen) it is the money...

27.77777777777777777777777778 :)

That's not even funny, clearly an ex-council flat is now called a "city pad", great sense of humour. About 13 years ago that flat would have cost about 50k tops, there is simply no justification of todays valuations of similar types properties, simply because it is close to the City &...

I live there :)

And you know what, it might get even more expensive. Looks like GBP/USD might be heading down towards 1.0500, madness!

What is worriesome is that something like 1/3 of British economy is based on serving the financial sector, future involvement of which is unknown at this stage as changes are upon us. I am concerned now like I never was before, considering a permanent move to Spain or perhaps Eastern block...

G20: financial insitutions to be regulated. Now, up or down :)

Check out Amex adv/dec eod weekly line chart, looks interesting, seeing a bullish grail there