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You are correct about this. Once you have established how to define your support and resistance zones the next thing to do is decide if you are going to trade the reversal or breakout method. Both work just fine I just felt a little safer with the breakout method. I have done the research into...

Yes, it should be simple and it does work on any time frame you wish to trade.

I do at times use other tools for trading but what I was trying to show in my journal was that you don't need a lot of indicators to trade. Just one method and patience. I price did not break support or resistance it is better to wait and stick to your plan than it is to change your plan and go...

I did a journal last year where all I did was trade the ES using breakouts of suppot and resistance. I taught people how to find the s/r levels and toward the end we even did a free video where I show how to figure the levels and how to trade some chart patterns. Here is the link to my journal...

In all honesty 2K isn't going to really help you get things back. Just leave your money in your account and go get a job. Stick every bit that you can into that account. Then when you are ready go for it again. You made it about 1 year and 10 months longer than a lot of people do. Nothing to be...

bluedemon, Here is one of my favorite trades to take. And volume is very important on this trade. Once you read this then just pick a chart and watch for the pattern and volume. Play with it for a while and see if you like it. Gary

Thank goodness for the internet,huh

What part of Texas? I am in the Dallas area

I am just your plain old everyday Pickup driving tobacco spittin Texan that owns a Company that diagnoses brian and nervous system disorders. And I have been trading for about 14 years on the side. Actually I am on the patch trying to quit my tobacky. Man that sux.

LOL..No, I saw a real nice red one drive by the day I signed up with ET so I used that name.

Thanks K, I am hoping to get back into the day trade scene someday soon. My next journal is going to be about trading chart patterns. Flags and pennants mostly. We will still do some S/R trading as well. I hope your trading is going well. Gary

Good job, have you identified a potential target yet?

Now that I will agree with. The indoctrination does work. There is a method to their madness

He got booted from ET (again). Give him time and he will weasle his way back again.

While I do not disagree with most of what you said I do take exception to this way of thinking about the grunts. One thing that has set our military apart from others in the past is that our infantry soldiers are allowed to think for themselves during the heat of battle. We have very many...

Your success depends on what kind of breakouts you are attempting to trade. I have successfully traded S/R breakouts and chart pattern breakouts for years and would not think of trading any other way. The best thing I can tell you is to learn 1 or 2 different things and master them. Then start...

unfortunately being in a combat zone can be ugly no matter what side you are on. There is no excuse and you are right when you say it does bring back bad memories. I know it is hard for people to believe but those guys probably were not mean like that before they went over there. They were more...

Once it breaks resistance at 1444.50 I do believe 1448 will be easy for you. Good luck on it...

Princessa, If you are out there are you a little more relaxed this morning about your decision to hold overnight? I hope you make out like a bandit on it. Gary

Princessa, I have been catching up on my reading tonight. It is kind of weird trying to get an angle on what is going to happen and when. I am still of the mindset that we are going up. However we are close to support which I have at 1435. So if it was me I would make sure you have a hard stop...