support or resistance

T

trading1

Hi Are there any reliable sources for the support and resistance levels on the major indices? Or, even just the European ones. It seems a fairly basic need, yet I can't find much information on the topic. Any comments would be appreciated.
 
Hi Trading1,

I have found a very reliable source, along with some excellent educational material. Please send me a pm or email if you are interested.

Max22
 
You may know them but they are fluid, support becomes resistance and vice versa. You still have to know how to trade which is 99% of the battle.
 
Bsparky is correct. Even though you know them you still have to know how to enter at those levels or skip them altogether. There are some reliable methods for that.
 
Hi
That seems good advice, any comments about other issues like the rising trendlines or the chart patterns like double tops, H&S and so on?



Quote from nazzdack:

Focus on the high/low extremes made on an intra-day, daily, weekly & monthly basis.
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Hi

Agreed. I would be using the support and res. levels merely to complement an existing trading method.

Quote from bsparkyman:

You may know them but they are fluid, support becomes resistance and vice versa. You still have to know how to trade which is 99% of the battle.
More...
 
Here is another example of resistance zone known before the open, for a short opportunity. Was good for at least 2 points.
 

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But this sell point you listed, while it worked, is also due to the Mich Sentiment report that came out. I would have liked to see that level touched like that but not due to news.

Thoughts?

Quote from Max22:

Here is another example of resistance zone known before the open, for a short opportunity. Was good for at least 2 points.
More...
 
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