Christmas In March For Price TA Trader Wannabes

[savoir]

Also note that all he talks about is support or resistance. His post didn't even mention direction. So with market dropping, its easy to say resistance held and support broke. And of course if we rallied, support held and resistance broke. Bravo!

This thread needs someone to post that chasing breakouts was the correct play.

 

[themickey]

Trading I like to think of as zig zagging ratchet effect.
The ratchet wants to go one way, then reverse. (Trend change)
All trends are straight lines.
(There'll be an argument against that last sentence, never mind, I'm not spelling it out).
The zig zagging ratchet effect trend works off S/R.

 

[QTrader20]

Believe it or not, I made money on the upside this morning as well as on the downside this afternoon and this evening using S/R strategies. Anyone wanna bet?