If you dont know, this is very important !!

How do you know when a trend has started? Ended? This forum is for discussions about trend indicators and signals.
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CrAcKhOuR
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If you dont know, this is very important !!

Post by CrAcKhOuR » Tue Mar 13, 2007 7:38 am

I have posted two charts Dow and Ftse100,

This proves that: SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT.

This phenominon happens time and time and time again, with ALL markets and ALL time scales...

This helps when say, you are buying off the trendline along with other supporting factors, and adds COMFORT..

See for yourself !!

By the way the red lines are where you puts your stops give or take a few points..

Theese are called MARKET DRIVEN STOPLOSSES, and you should try and enter close-ish to theese points to keep your losses down and your probabilities up ....
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ftse tbb.PNG
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dow tbb.PNG
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BARLI
Roundtable Knight
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Joined: Sat Jan 17, 2004 6:01 pm
Location: USA

Re: If you dont know, this is very important !!

Post by BARLI » Tue Mar 13, 2007 2:10 pm

CrAcKhOuR wrote:This proves that: SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOMES SUPPORT.

..

true

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