Quote:
Originally Posted by jbone
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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I'm sorry I don't follow what are you saying is a contradiction?
The first part is telling you that the more you understand how it works and use it the more you will come to trust it...
The second part is saying NOW that you trust it the next time you have an indicator of some kind saying to go against those levels.. i.e. take a position against your support levels you'll think twice about doing so.
Perhaps I don't understand what you're asking.. give it another shot if my answer didn't clear it up for you.