10-02-2011, 03:34 PM
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#99 |
Join Date: Mar 2007 Location: London Thanks: 0
Thanked 2 Times in 2 Posts
| Re: Drummond Geometry Hello,
I would like to return this thread to life.
I have been trading Drummond Geometry for some time and I have a question for all of you who knows it.
In the course they use a term "hold". Support a resistance can hold or break. There are two ways a level can hold: - "hold" - price never reaches the level
- "hold on close" - price reaches and trades above/below the level, but closes below/above, so holding on close.
From your experience, is there any difference between the two ways? For instance if support holds on close and resistance just holds, does it tell that the both levels are strong equally?
Wookey |
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