Trading Ranges, Support, and Resistance

Buy1Sell2 · Jan 30, 2018

Buy1Sell2 said:
Look at ES on Thurs 1/25. You'll see resistance formed midday at around 2848.
That resistance was broken a couple of hours prior to open on 1/26. Your confirm of the impending upmove comes late morning 1/26 though and that is the safest place to get on board if trading breakouts.

Then there are the ones where the breakout occurs and there is no retrace. However there will be a place to enter safely with tight stop if you study enough, you'll see it. The key is to not just buy when it pokes it's head through resistance. This is for breakdown/breakdown trading only

SimpleMeLike · Jan 30, 2018

Buy1Sell2 said:
Then there are the ones where the breakout occurs and there is no retrace. However there will be a place to enter safely with tight stop if you study enough, you'll see it. The key is to not just buy when it pokes it's head through resistance. This is for breakdown/breakdown trading only

YESSS, like today. I hate when I don't get retrace. I like to the first moves of the day near open bell.

Yes, no testing waters on the breakouts.

Buy1Sell2 · Jan 30, 2018

SimpleMeLike said:
YESSS, like today. I hate when I don't get retrace. I like to the first moves of the day near open bell.

Yes, no testing waters on the breakouts.

You'll be able to see the signal that replaces the retrace if you'll study these enough

SimpleMeLike · Jan 30, 2018

Buy1Sell2 said:
You'll be able to see the signal that replaces the retrace if you'll study these enough

Thanks , you right. I just have to keep on studying the chart. Practice make perfect

schweiz · Mar 10, 2019

murray t turtle · Mar 11, 2019

SimpleMeLike said:
Thanks , you right. I just have to keep on studying the chart. Practice make perfect

%%
IBD founders 2 or more books. Make Money in Stocks.......+ .....Selling Stocks Short.

First do an ID on main trend. Like on GE,selling , trended so much time below 200 dma , havent checked it today.Sorry your chart did not have much info on it

SimpleMeLike · Mar 11, 2019

murray t turtle said:
%%
IBD founders 2 or more books. Make Money in Stocks.......+ .....Selling Stocks Short.

First do an ID on main trend. Like on GE,selling , trended so much time below 200 dma , havent checked it today.Sorry your chart did not have much info on it

Thank you murray t turtle for responding to me.

I am still actively studying/practicing/trading support and resistances.

murray t turtle · Mar 11, 2019

SimpleMeLike said:
Thank you murray t turtle for responding to me.

I am still actively studying/practicing/trading support and resistances.

%% SPY+ VOO closed below 200 day moving average fri,. Thats bearish= if it stays below 200 dma. I had planned on it closing below 200dma today; good thing i did not call that a prediction LOL

Takes all kinds to make a market, a lady in FOX news jumped a barrior to take a ''selfie'' near a wild jaguar-she almost got killed. Who would have figured a wild animal in a cage is still wild??

SimpleMeLike · Mar 11, 2019

murray t turtle said:
%% SPY+ VOO closed below 200 day moving average fri,. Thats bearish= if it stays below 200 dma. I had planned on it closing below 200dma today; good thing i did not call that a prediction LOL
Takes all kinds to make a market, a lady in FOX news jumped a barrior to take a ''selfie'' near a wild jaguar-she almost got killed. Who would have figured a wild animal in a cage is still wild??

lol