How to use Support and Resistance Effectively - page 24

midnightrider
15
midnightrider  

Yeah, nice opp on this pair too earlier. Now back at a familiar decision zone huh?

I guess you folks have noticed the vicinity of a good majority of these instruments resting/reaction zones??

Round Numbers (00's). Keep your eyes peeled for these important levels

Sorry bubble - I'll butt out & desist from clogging the flow.

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PipTrip
192
PipTrip  

This is a good thread. Should focus much more on stop losses though b/c S/R is really what trading is and should be about.

Sad thing is that most want to only see entries on a chart (I was one) and don't realize that when you're only focusing on great entries and not on a good SL/TP plan, eventually the major DD (STEINITZ)and the psychological BS that comes with it that traders deal with is what's going to wipe out your acct. ENTRIES are easy is Forex!

If you're not studying and using SL's, you're not trading. A monkey can push a sell/buy button and hope and wait for the trade to come back in their favor, yeah?

KEEP THIS THREAD GOING!

steveshutts
49
steveshutts  
Anna-Maria:
Good to see you still have your nose firmly embedded on the grindstone Steve?

You appear to have a knack for unearthing gems amongst the rubble, keep the study (& questions) going. The only way to learn is to ask

Nice thread bubble - anything which keeps the working template clean & tidy is well worth the trouble. I sure hope folks appreciate just how valuable this kinda information really is.

Forget all those wiggly lines & fancy artwork underneath the chart reference! Keep it clean & keep it honest

Hey there Anna,

How you doing? Yes, another fine thread, i am good at finding them you are correct. Still cracking away at it. Good to hear from you. Hope Buk is well!

Sorry, for the invasion Bubble!

Steve

steveshutts
49
steveshutts  
bubble:
Ics,

thanks for your input but no thanks ,the day i start listening to crap like this is the day i pack in trading ,why fix something if its not broken.

s/r is either there or it isnt the markets dont open in asia and decide to trade one way and another way in european and us session.

no further input from you on this subject is needed.

bubble

LOL, i must admit Bubble, i do find your abruptness very amusing.

Sosan
32
Sosan  

Hi Bubble,

I'm still waiting for an answer to my last post. #257.

I am wondering if you didn't see it.

I know you don't like to have any more posts until the last is answered.....

And I have a few questions brewing........

Thanks

mairangi

fxcruiser
1052
fxcruiser  
bubble:
check the post number again, 257 is a reply by me to downunderdave

if its the post i think you mean check my previous reply to you as i put an amendment to your response.

bubble

Way to go bubble! I like your approach. Yes, guys and gals, you have to do a lot of reading, rereading, and understanding. This is not a very long thread by no means. That would be time in addition to studying real time and historical data. For sure it will not come that easy to anyone overnight.

bubble, I truly appreciate you continuing this thread on this very important subject. Some of our members are making good use of it in their day to day trading. Keep up the good work.

ENJOY!

fxcruiser

Sosan
32
Sosan  

Whoops

bubble:
check the post number again, 257 is a reply by me to downunderdave

if its the post i think you mean check my previous reply to you as i put an amendment to your response.

bubble

Hi Bubble,

Sorry 'bout that.

I am meaning post #278 which refers to #276.

Wanted to follow it through and got hang up on a number (lol)

Which still seems to be the case!!!

thanks again for your help.

mairangi

samso
19
samso  

Thanks

Hi Bubble

Just wanted to share that after learning from your thread, I have started making live profitable trades without using any indicators or oscilators. The uncetainity and nervesness is out of trading. If I am wrong I would no and be out of trade with small los, if I am right then just wait patiently to hit the profit target. Thank you very much.May God give you the best rewards for all of your good work.

samso

chrislee
19
chrislee  

It's like a Trading Strategies reunion around here with Steveshutts and Anna Maria posting - I hope you're both well.

You can keep all your charts that look like Picasso masterpieces - a nice clean chart with the odd line here or there is the key.

You've got a quality thread going here bubble, long may it continue sir!!

Chris

XKR1962
60
XKR1962  

Nice E-Mini SP 500 trade

Hi Bubble, thanks again for this brilliant thread and all of your help and everyone else whos contributing to this thread of course.

I spent quite alot of time yesterday watching the SP500 index, applying all of your rules to spot the trend change, Lower highs and lower lows etc, moving between time frames.

Boy what a result. I'm sure it did pretty much what your S/R methods predicted.

Two trades both with targets safely within the previous lows. What do you think Bubble, were they good or did I miss something and just get lucky .

I've traded the sp500 live in the past with mixed results, your S/R method really helps Bubble thanks.

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