ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
Quote from trickshot:
What makes you think that it will respect yours? There's no such thing as a "resistance" when the market is at all time highs.
No clue whether the market will respect it, just trying to respect risk relative to an entry/position.
Market seems to have a mind of its own.About resistance at ATH, perhaps you are right, dunno!
Quote from trickshot:
Quoted the wrong one, this is the correct one.
But it doesn't even matter, all "supposed resistances" on all time frames have been ignored, probably due to the fact that they are subjective and only exist in the minds of those who wish to see them.
LOL, maybe my mind is all f'd up, not sure but am i seeing things?
Quote from trickshot:
Quoted the wrong one, this is the correct one.
But it doesn't even matter, all "supposed resistances" on all time frames have been ignored, probably due to the fact that they are subjective and only exist in the minds of those who wish to see them.
Lines with the trend do matter, counter-trend lines are much less significant.
A strong uptrend has no real resistance, just illusion of resistance, vice-versa for downtrends.
Learn to use the lines that matter, and I dont mean trendlines, do your homework before claiming lines dont matter.
Price levels at swing levels. Trend lines do have an influence as well. Price may overshoot but it is Def ref level.