Support and Resistance done right.
I will never trust anything that can be presented with some objective metrics. Unfortunately, support and resistance are highly subjective concepts so I had to do a lot of digging to find some statistical proof for this working. You can randomly draw lines and see price action acting like it's breaking out or breaking down. You can't rely on purely support resistance to build a trading career.
Here's how I trade using significant levels:
https://www.tradingview.com/x/yr6T6w51/
Folks, do a little research. Elliot Wave is fancy market explanation tool, very difficult to trade in real-time. If it works, good for you. This post is meant for people who want to trade differently or need a little direction. No harm, no foul. Gann's grandkids said he used to sell courses because he couldn't make money in the market. Again, if it works for you, good for you. I personally can't trust these. Don't draw lines no one else can't see! Don't fall for the price action trap. The stock market is a function of demand and supply, the objective is to be in sync with the market, don't try to be first, try to be right. You will come first/earlier sooner or later.
If you go through my previous ideas, you will see right from the beginning I have been trading breakouts and fake-outs. For a brief period of time, I tried long term investing but it does not suit my style. So, I dug deeper and improved on my old system that now has a risk reward of 1:10 and higher. Thanks to the research I have presented/am presenting.
https://www.tradingview.com/x/CzK2IrHs/
Pivot swings are very good ways to detect price pauses and continuations, they will help you make way more informed decisions than anything else. Market structure is key to becoming a good trader. Remember, Strategy comes later, understanding the market comes first. Do not skip this bit. Get into the habit of marking pivots. I learned the same from a renowned trader, Adam Grimes.
https://www.tradingview.com/x/bqcEoyiB/
It took one solid year of research, but now I have various tools built (some of which can't be disclosed) that help me generate trades of unheard magnitudes. You can too. Hope this helps! Happy trading. Any questions are welcome in the comment section. Follow me to learn how to be wrong most of the time and still come out on top. Learn how to go beyond old school 1:3 and join me at 1:10.
You can see how I combined subjective + statistical elements to build an objective trading plan. Thanks.
Here's how I trade using significant levels:
https://www.tradingview.com/x/yr6T6w51/
Folks, do a little research. Elliot Wave is fancy market explanation tool, very difficult to trade in real-time. If it works, good for you. This post is meant for people who want to trade differently or need a little direction. No harm, no foul. Gann's grandkids said he used to sell courses because he couldn't make money in the market. Again, if it works for you, good for you. I personally can't trust these. Don't draw lines no one else can't see! Don't fall for the price action trap. The stock market is a function of demand and supply, the objective is to be in sync with the market, don't try to be first, try to be right. You will come first/earlier sooner or later.
If you go through my previous ideas, you will see right from the beginning I have been trading breakouts and fake-outs. For a brief period of time, I tried long term investing but it does not suit my style. So, I dug deeper and improved on my old system that now has a risk reward of 1:10 and higher. Thanks to the research I have presented/am presenting.
https://www.tradingview.com/x/CzK2IrHs/
Pivot swings are very good ways to detect price pauses and continuations, they will help you make way more informed decisions than anything else. Market structure is key to becoming a good trader. Remember, Strategy comes later, understanding the market comes first. Do not skip this bit. Get into the habit of marking pivots. I learned the same from a renowned trader, Adam Grimes.
https://www.tradingview.com/x/bqcEoyiB/
It took one solid year of research, but now I have various tools built (some of which can't be disclosed) that help me generate trades of unheard magnitudes. You can too. Hope this helps! Happy trading. Any questions are welcome in the comment section. Follow me to learn how to be wrong most of the time and still come out on top. Learn how to go beyond old school 1:3 and join me at 1:10.
You can see how I combined subjective + statistical elements to build an objective trading plan. Thanks.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.