hi Anek, glad to see you back, you have a great, amazing thread here, thanks so much (even though I trade stocks it still works and using your first 10 pages of the thread, simple things like determine up trend or down trend, stick with it (don't be a hero)we want consistency like you say, trade the pullback for uptrend and trade the popup for downtrend, did your bollinger bands, stochastics, fibonacci retrace 50% (still working on fib) but it works, in the last 3 days I have been using your method, I got better and better and yesterday I had 14 winners and 6 losers, like 60% plus winners, of course most of my trades were 20 - 30 shares since I am learning , and only 3 cents to 13 cents gains but still more winners!).
I am reading eagerly the next 30 to 40 pages this weekend, get thru whatever I can of the 1000, but the first 10 pages have already changed things completely for me. Thank you.
Re your chart today the 3 perfect resistance points, on the downtrend, how do you determine that is resistance when you have no resistance reference points to go by previously? (unless it is 3-4 days earlier resistance) how do you know that the stock could not just keep going up and form a new uptrend? Thank you.