Anyone trading purely Support and Resistance get a 70% or high 60% win rate?

Xela said:
Guilty.





I go up and down some hills, and use a rear-view mirror and wing-mirrors.
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It doesn't matter. Absolutely no impoliteness intended at all, but (a) win-rates are only one part of the profitability formula, and (b) I strongly suspect, overall, that it may well be easier for many to make overall profit from a 35%-40% win-rate than it is from a 60%-70% win-rate, and if you read books like Van Tharp's Trade Your Way to Financial Freedom and Tushar Chande's Beyond Technical Analysis, they explain why, with examples. And in that sense, the answers don't matter much, because it's kind of a "bad question". Sorry!
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It feels extremely inconsistent with that kind of win rate, which I am having.
 
Slower market speed = less confidence in short term levels.
More volatility = higher confidence.

There are many other factors involved that you must filter your decisions through for S/R to have true value.
 
WildBill said:
Slower market speed = less confidence in short term levels.
More volatility = higher confidence.

There are many other factors involved that you must filter your decisions through for S/R to have true value.
More...
So a faster price approaching the level is preferred? I was wondering if slower speed was preferred since we want to see less people buying/selling dropping off as it approaches the level and weakening, then easier to reverse.
 
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