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Re: Using Daily Support/Resistance for Intraday Trading
Another important aspect of all this which is not mentioned often enough and so often missed is that by trading at the extremes, one avoids being chopped to death inbetween. Once one begins trading off support and resistance, he will find himself making far fewer trades, holding them until their natural culmination, and better resisting the temptation to "jump in" when he knows full well that he missed -- if he did -- the correct entry.
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