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Old 06-11-2007, 12:25 AM   #4 (permalink)
jbone
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Default Re: Support & Resistance

TraderJ,
Maybe I don't understand, but aren't the two parts of your paragraph a contradiction?
Jbone
Quote traderj:
1st part:
The more you use the concept in your trading the more you will come to
trust it. I think we have all gone long into resistance and short
into support before. It is the worst feeling is it not? Even worse
is not knowing it was support or resistance in the first place.
2nd part:
After you see it work time and again, the next time your indicators are
telling you to buy into support the little birdie in the back of your
mind will say "No sir! Not today! No Thank you!" OK maybe not but you
get my point I hope.
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