Quote from golablue:
NUTSNEAL-
You bring up an interesting point. How do we classify a break of of S/R? I've struggled with the same thing for a long time.
Is it a close through the HH/LL?
Is it trading a tick through the HH/LL?
Is it 6 ticks through the HH/LL?
My answer is that I don't know.
This is precisely the reason that I stopped trying to trade with the trend, and started to fade it. I couldn't find any discernable way to determine what constitutes the break of a RH/RL in a trend with any kind of consistency.
So, if anyone has any advice on how best to do this, I'd appreciate it. Although, as soon as I started to fade the trend, I saw my success skyrocket.......
It is a judgement call on your part. I don't believe using a precise definition is helpful. You want to look at the general zone and say to yourself is this area getting rejected or holding and go in the direction of what is obvious. Support and resistance merely is a decision point for the market players and that decision can go either way.