Stop Trading Support And Resistance The Wrong Way
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Support and resistance trading is a popular technical analysis method of trading. The bad part is that many traders enter trades blindly at these levels without a firm understanding of what they mean.
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support, resistance, support and resistance trading, reversals, trend
31. "Usually, a support level is
identified beforehand by a previous
reaction low," and "a resistance
level is identified by a previous
peak" (Murphy 1986)
32. Uptrend=higher highs and higher
Downtrend=lower highs and lower lows
Market in a range will produce both
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38. This is a simple and
objective method to
identify your support
and resistance zones
39. Don’t get too caught
up in exact price
points with your lines.
40. How A Market Reacts
To Support And
Resistance Matters
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45. Using this context to
support you, there was
$$ to be made given
the context.
46. It's not hard to see
why traders can be
convinced at their
unconditional validity