support or resistance

VictorS

okay... i'll post it here.
their tech studies is mostly for equities but the same can be applied to futures of course.
www.tradingmarkets.com

they recently came out with some ES stuff. i went to their seminar and its interesting. i'm waiting for them to release the thing soon to apply it.
 
Quote from tae:

hey 4re... i just read some of your thread. its interesting how you trade breakouts. but instead of flipping if it doesn't break why not follow the trend and use other technicals to give you a clearer direction?
instead of just sup/res... have you used any momentum studies?
More...

I do at times use other tools for trading but what I was trying to show in my journal was that you don't need a lot of indicators to trade. Just one method and patience. I price did not break support or resistance it is better to wait and stick to your plan than it is to change your plan and go the opposite direction just to get a trade done. Win or lose. That was what I was trying to show more than anything. I also use chart patterns like flags and pennants for my trading as well.
 
Levels for Tuesday

1440.75-1441.50
1438.50-1439.00
1435.25-14736.00

1427.25-1428.00
1423.00-1423.50
1419.50-1420.25
 
Quote from trading1:

I'm using this type of information at the moment, it's simple but has made quite an improvement.
More...

Yes, it should be simple and it does work on any time frame you wish to trade.
 
Good article on s/r. Thanks for posting that. Once s/r levels are known, the next step would be to establish entry and exit techniques to take advantage of theses zones.
I have found some good stuff on how to trade with the zones. A little different than Gary's method. The method looks to sell against R and buy against S, instead of a break out methodology.
Anyone interested can send me a pm.
 
Quote from Max22:

Good article on s/r. Thanks for posting that. Once s/r levels are known, the next step would be to establish entry and exit techniques to take advantage of theses zones.
I have found some good stuff on how to trade with the zones. A little different than Gary's method. The method looks to sell against R and buy against S, instead of a break out methodology.
Anyone interested can send me a pm.
More...

You are correct about this. Once you have established how to define your support and resistance zones the next thing to do is decide if you are going to trade the reversal or breakout method. Both work just fine I just felt a little safer with the breakout method. I have done the research into the reversals as well and I believe there is good money to be made that way.

Good luck with it,
Gary
 
You must log in or register to reply here.
Back
Top