Support and Resistance Levels and a Few Ways I Find Them

[Support and Resistance Levels and a Few Ways I Find Them]

I've started looking at bollinger bands recently.

 

1) What is the level and what does it represent exactly?

 

Volatility channel.

 

2) To which market and how do you apply these levels specifically?

 

I use it on every product I look at. Mainly futures. I try to see when the bands expand and contract for timing the market better.

 

3) How do you use them in your trading?

 

I don't trade off them unless there's something else there. I just use them to see when the market might turn.

[Rob Booker Interview!]

Thanks guys for that interview. I really find it interesting hearing from guys like Rob Booker who have actually made it already.

[If You Didn't Need the Money Would You Still Trade?]

Depends on whether I made it big trading or some other way. I think I'd trade either way but probably less if I'd made my money trading. Who knows. Not there yet!!!

[Your Mama Doesn't Trade ... So Wise Up to Yourself!]

MP-TT

 

People live in their beliefs. Stay where you are and you will continue to find ammunition to support your biases. Locked into a particular perceptual map of the world, good luck with your trading and your life -- may it be prosperous. In the comic strip Pogo, Pogo is sitting around a campfire with his comic strip friends deep into a conversation. The possum looks out at his friends and declares, "I have seen the enemy, and he is us!" Same applies here. For our growth as traders or as human beings, we are own worst enemy. Changing a calcified cynical belief about the world (or me for that matter) can not be done from the outside -- it has to be done from the inside at the level of one's heart. The invitation is always present. Come to a webinar -- they are free. If it makes sense, talk with me - that's free. Then with a healthy sense of skepticism ask for referrals - that's free. So challenging your biases costs you nothing. Who knows, you might be right. Who knows, a new ways of understanding how you go about creating your world might show up. It's your management of your perception that is at stake. Staying in cynicism is another option. It just depends on what world you volutionally intent to create. Peace be with you.

 

Rande Howell

 

Not too sure that this goes any way towards answering the points made by MP-TT. I reckon there's much to be said about what he's saying. Could you elaborate on some of the issues he highlights about trading psychologists? The fact that some of your materials are free in terms of direct cost to the wallet does not make them 'free'. In time, effort and

perhaps even belief systems, they still 'cost'. I would lastly add that cynicism is healthy for traders. If we were all open to everything, we'd have loads of services we'd paid for and no account to trade!!

[NYC Traders Expo]

Right. I'm registered and going on sunday. Are many of you guys going? Would be good to meet some other members. Will see you there Mysticforex!

[NYC Traders Expo]

Hi guys. I'd love to go but how much is it? Is it too late to register?

[Futures Broker Review]

Hi mattz,

 

With the Rithmic feed, do you know of any other platforms which would support it? Also, what is the historical data like?