s/r shooting

Quote from NoDoji:

Oh, one more thing: Once you select the patterns to trade off of, take screen shots of all variations of them at the hard right edge of the chart and tape them to your wall until you've traded them a lot, because the patterns look a bit different in real time then they do in the trading books, after-the-fact.
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The Q was about under/overshooting S/R...what the pattern has to do with it??:confused:
 
Quote from TheMagican:

...what the pattern has to do with it??:confused:
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In these days of getting less for your money, I know its unusual to get extra, just put it in your pocket and see if it's useful.
 
Quote from TheMagican:

The Q was about under/overshooting S/R...what the pattern has to do with it??:confused:
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I made a radical assumption that since the question was about overshooting/undershooting S/R levels, the OP was possibly considering putting on and/or taking off trades around S/R levels. By finding patterns that trigger the OP's desired reaction around S/R levels more often than not, the OP will acquire what is known in trading parlance as "an edge". Therefore, the very uncertain fact that price sometimes overshoots, sometimes undershoots, and sometimes totally breaks through S/R levels becomes totally irrelevant.
 
Quote from Tonkadad:

In these days of getting less for your money, I know its unusual to get extra, just put it in your pocket and see if it's useful.
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He's a magician, ya know.
 
Quote from Tonkadad:

In these days of getting less for your money, I know its unusual to get extra, just put it in your pocket and see if it's useful.
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Tonk, these guys are grumpy. Let's go ride our bikes to the ice cream shoppe :cool:
 
Quote from NoDoji:

I made a radical assumption that since the question was about overshooting/undershooting S/R levels, the OP was possibly considering putting on and/or taking off trades around S/R levels. By finding patterns that trigger the OP's desired reaction around S/R levels more often than not, the OP will acquire what is known in trading parlance as "an edge". Therefore, the very uncertain fact that price sometimes overshoots, sometimes undershoots, and sometimes totally breaks through S/R levels becomes totally irrelevant.
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LOL!

Your bla-bla is totally irrelevant!How could it be irrelevant if the deviation from S/R IS THE TOPIC???
 
Quote from TheMagican:

LOL!

Your bla-bla is totally irrelevant!How could it be irrelevant if the deviation from S/R IS THE TOPIC???
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Why do people who don't have a clue about trading become members of Elite Trader?

Join us at the ice cream shoppe. I'll buy you a triple cone and I'll bring my "Probabilities for Dummies" book.
 
Quote from NoDoji:

Why do people who don't have a clue about trading become members of Elite Trader?

Join us at the ice cream shoppe. I'll buy you a triple cone and I'll bring my "Probabilities for Dummies" book.
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Buy yourself a fucking loupe and re-read the OP's concerns.
 
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