Building a position around support/resistance

[ssapp80]

For those of you that trade directionally, what are YOUR favorite ways to build a position around an area of support/resistance and why?

 

[beerntrading]

Check out this thread: https://www.elitetrader.com/et/thre...-height-of-the-bar-or-the-candle-wick.314392/

It doesn't answer your question, but offers a lot of good ideas on it.

 

[tommcginnis]

is resistance at the height of the bar or the candle wick?

"Height of the candle body" for me -- if the price can't be held, that weakens its importance in that particular time-frame -- which is the whole concept of "support / resistance"...
Long wicks (on a properly set-up graph) should loudly mark turns.

 

[qxr1011]

For those of you that trade directionally, what are YOUR favorite ways to build a position around an area of support/resistance and why?

that's a million dollar question

for the million dollar question the answer also cost million dollars

 

[truetype]

You're assuming the ET crowd's "insights" on support/resistance have non-zero economic value!

 

[qxr1011]

I am just talking about myself

If the value of the answer is zero then why bother to ask..

IMHO those who think know the answer which has economic value will not answer.... But kudos to OP for outing right question ( its already achievement) to which he will need to find himself the answer ( which hopefully worth more than zero dollars. )

 

[ironchef]

I trade options directionally but don't trade around support/resistance, rather hunting to BLASH or SHABL.

 

[Traderjohnsblog]

For those of you that trade directionally, what are YOUR favorite ways to build a position around an area of support/resistance and why?

I wait for S/R levels to tighten and then look for a break of the trading range. After that I treat it as a breakout trade using normal brekout techniques like the one here. breakouts