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Zeon, would you mind posting the chart in here? I think I may have been looking at the wrong one of yours.
I think you may be putting a little too much attention on S&R. But if that's how you like to trade then posting over where DB is answering questions is your best bet. |
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No problem, everybody can see my charts
I'm just don't know which one you are refering to so I'll post all those I've posted elsewhere today here as well.
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For me S&R is sort of a side note. I'm aware of it but it's second always to price and volume activity. For example I don't want to jump in long if resistance is only 1 point away whether it looks like it's going to hold or break through. I take trades in the middle of nowhere sometimes because VSA is telling me to. The trade I posted today wasn't on any S&R, just reading price and volume. |
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Ok, each to their own! Nothing wrong with that, but I prefer taking trades of S/R alone. Anything "in the middle of nowhere" has me spooked... I feel like I'm trading without anything to hang on to. Otoh, perhaps I'm clinging too much to S/R, I am indeed pretty lost without it
Attached charts:
ES_3 = support at 1342 from the previous day and also from overnight around 1344'ish
ES_4 = on the 19th, 1342 proved to be resistance. After we broke higher the next couple of days, we have returned to this area. So it should act as support. (R turning into S and the other way around)
ES_5 = why I see resistance at 1358-1360 (previous days)
ES_6 = my analysis of the selling climax and re-test
Feel free to comment.