why Price Support and resistance is hardly random?

Quote from jprad:


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Quote from ProfLogic:

Markets are traded in volume not time.
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http://www.google.com/search?hl=en&q="financial+volume+series"
No results found for "financial volume series"
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http://www.google.com/search?hl=en&q="financial+time+series"
About 933,000 results
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I'd like to buy 9:30 am EDT "at Market".
Let me know when I get a fill.
 
"Why Price Support and resistance is hardly random?"


..........Because there are those who missed the boat and those already on the boat.

I`ve said too much already. :D
 
Quote from ProfLogic:

I'd like to buy 9:30 am EDT "at Market".
Let me know when I get a fill.
More...

Just as soon as you show us how to measure trade velocity without employing time...
 
Quote from jprad:

Just as soon as you show us how to measure trade velocity without employing time...
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I have for years. I posted detailed information validating my position, included pretty charts, the indicators and instructions.
Many individuals here have taken this information and validated it for themselves. Everyone that took the effect to check it out found value in the information.
 
Quote from traderzhangSan:

at a given time, it is very hard to predict where next move is heading. However
the support/resistance level is not that hard to predict. Once price level breaks out, the move is very strong, at least for a short period of time.

what are the reasons behind that?
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At the end of the day supp res is all about value areas, or price discovery and time is very relevant also.....
 
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