Any tips on defining support and resistance?
I paper trade the YM and use 2 tactics.
1) I do a weekly chart up with S&R based on the waves/cycles and what seem to be stumbling blocks, then put those into intraday charts to use as key levels.
2) I run the big gaps on intraday and bracket the levels just outside the gap that appear to have the most action.
I know some use WRB etc... I'm just gathering ideas since I too am dumping all but 1 indicator and getting in touch with the basics.
I'm very interested in what you guys have to say.
