#TATip
The building blocks of TA: Support and Resistance
Sentinel factors:
• Recency
• Number of touches (Violence + Time spent b/w touches)
How I trade:
• Buy last resistance when above
• Sell last support when below
Note: This won't work always, look for confluence.
The building blocks of TA: Support and Resistance
Sentinel factors:
• Recency
• Number of touches (Violence + Time spent b/w touches)
How I trade:
• Buy last resistance when above
• Sell last support when below
Note: This won't work always, look for confluence.
Picked up the aforementioned idea from @Trader_Dante
Exhibit A
This was a high probability trade.
Missed it, just saw the setup on going through the charts.
This was a high probability trade.
Missed it, just saw the setup on going through the charts.
Exhibit B
$NEO
$NEO
$NEO Update
No need to complicate your trading.
Identify key levels, and plan your entry, exit, stop.
Pull the trigger on the orders.
Go lead your life normally.
No need to complicate your trading.
Identify key levels, and plan your entry, exit, stop.
Pull the trigger on the orders.
Go lead your life normally.
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