DislikedQuick question, do we have a limit on how many times a support or resistance level can be tested before we dismiss a trade. I maybe wrong as a newbie to the trading world, but I always thought the more times price touched a particular level, the more orders at that level were filled meaning at some point price would have to break through when not enough orders were around to push price back the other way. That said, I've been looking at various strategies to trade and I very much like the simplicity of this idea. I will definitely be following this...Ignored
- | Membership Revoked | Joined Nov 2012 | 3,392 Posts
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
- Joined Oct 2009 | Status: Exploiting psychology of the crowds | 1,426 Posts
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)