Comments on: How I Trade Support and Resistance

By: Ray

Ray — Thu, 20 Nov 2008 17:59:36 +0000

I couldn’t agree more. When you rely on the trends mix with recognizing resistance, overbought conditions, etc. it sure helps to take the emotion out of it and allow traders to sleep at night.

Great post!

By: Rob

Rob — Fri, 11 Jan 2008 12:29:45 +0000

I strongly agree that support/resistance aren’t finite, but regions. Some feel when a candle shadow has broken support/resistance that we must look for new support.resistance. However when trading intra-day that may not be suitable due to scaling back the timeframe to find another peak.

I feel that a shadow break is simply a weaking in the up or downtrend, however often the candles following will continue to sit on previous support/resistance. It’s all a matter of opinion I’m sure. However, it works successfully for my day-trading currencies.

By: Trading Bases | A Trade A Day

Trading Bases | A Trade A Day — Wed, 12 Dec 2007 07:03:37 +0000

[...] 2. Support and Resistance. I’m constantly mentioning support and resistance in my posts, but they’re important. I couldn’t trade without them. Typically, the best trades off bases will occur when the base hugs a line of support or resistance. When going long you want support to be underneath you and resistance far above you. The opposite holds true when shorting. [...]

By: Merge Time Frames to Make More Money | A Trade A Day

Merge Time Frames to Make More Money | A Trade A Day — Mon, 03 Dec 2007 08:03:16 +0000

[...] are support and resistance on larger timeframes can prove to be very strong. This longer term support and resistance can influence how your trade plays [...]

By: Festival of Stocks - November 12, 2007 | My Adventures into The Street

Festival of Stocks - November 12, 2007 | My Adventures into The Street — Mon, 12 Nov 2007 21:56:15 +0000

[...] presents How I Trade Support and Resistance posted at A Trade A Day, saying, “An understanding of the nuances of support and resistance [...]

By: The Stock Market Carnival - Nov 12, 2007 Edition

The Stock Market Carnival - Nov 12, 2007 Edition — Mon, 12 Nov 2007 20:43:01 +0000

[...] presents How I Trade Support and Resistance, saying, “An understanding of the nuances of support and resistance is critical to successful [...]

By: Another week, another Link Mash-up. Remember, if you have a story that you think is deserving to be on a Link Mash-up (comes out every Friday or Saturday), then send a link through the contact page. Your story must have something to do with business, stoc

Fri, 09 Nov 2007 17:49:25 +0000

[...] I Trade Support and Resistance […] - A look at some of the ways to play support and [...]

By: Bubs

Bubs — Wed, 07 Nov 2007 13:31:34 +0000

Thanks, look forward to the future post. I’m always interested in how other traders make money from this market

By: Jonathan

Jonathan — Wed, 07 Nov 2007 03:13:25 +0000

I’m primarily a swing trader. I used to day trade quite a bit. Now I use intraday patterns to lower the risk of my swing entries.

In terms of intraday setups, I will be detailing them on this blog in the near future, but to give you an idea my setups are as follows:

OOPs Trades
Bear/Bull Traps
Range Contraction/Expansion

Hope this helps.

By: Bubs

Bubs — Wed, 07 Nov 2007 03:05:30 +0000

Do you also daytrade or just swings? I read your comment on my blog about trading a similar style and was interested in some of style of trades you take.