Trading support/resistance

S

superbull

Hi All,
let's share ideas on how to trade near support/resistance lines more efficiently.

I think first touch of support line is not very good change to buy. But what's the best time to enter? Second touch or some other reversal signals, which of them? Thanks.
 
"Fortune favors the bold." --Pliny the Elder


I take 'em on the FIRST run. If I can score, cover & go back to the cookie jar....that's the best case scenario!


You?
 
Take small position on first support for the bounce, then move in full throttle for double bottom or higher low pivot.
 
Quote from GCSICLRBC:

"Fortune favors the bold." --Pliny the Elder
I take 'em on the FIRST run. If I can score, cover & go back to the cookie jar....that's the best case scenario!
You?
More...
GCSICLRBC,
the first bounce can not be too big, so you earn not so much in this case, but you should, for covering loss trades.

Yes, fortune favors the bold, but I sure you know that to be bold is not sufficient on the market.
 
Quote from NoDoji:
Take small position on first support for the bounce, then move in full throttle for double bottom or higher low pivot.
More...
So you are talkng about having two positions, one short-term (for the bounce) and another long-term, opened when reversal pattern is formed, right?
 
Quote from superbull:

Hi All,
let's share ideas on how to trade near support/resistance lines more efficiently.

I think first touch of support line is not very good change to buy. But what's the best time to enter? Second touch or some other reversal signals, which of them? Thanks.
More...
S/R doesn't work
 
Quote from miguel_s:

goo luck with the all that mentioned thus far. im sure this will now get you the millions you so badly want.
More...
I don't think about millions. I beleive it takes time to earn much money, but I hope it will be interesting for me.
 
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