There are dozens and dozens of different ways of deriving support / resistance levels or zones.
I'm sure each person out there with a different way say theirs is the best, most accurate, most reliable, easiest to apply et cetera. However, although I don't know tothetick.com, it's possible that they also provide a trade signal that works well with their support/resistance info.
Simply, support/resistance all by itself is not a trade signal. Thus, a trader needs to have a trade signal that tells him/her WHEN to buy that support and WHEN to sell that resistance, WHEN to sell that support and WHEN to buy that resistance.
Without a trade signal, you may as well get a magic 8 ball and shake it for advice on what to do when price arrives at support/resistance.
Mark
I'm sure each person out there with a different way say theirs is the best, most accurate, most reliable, easiest to apply et cetera. However, although I don't know tothetick.com, it's possible that they also provide a trade signal that works well with their support/resistance info.
Simply, support/resistance all by itself is not a trade signal. Thus, a trader needs to have a trade signal that tells him/her WHEN to buy that support and WHEN to sell that resistance, WHEN to sell that support and WHEN to buy that resistance.
Without a trade signal, you may as well get a magic 8 ball and shake it for advice on what to do when price arrives at support/resistance.
Mark