DislikedYou know that we could get rich bro if we actually made our trades from the support to resistance and vice versa.
We could actually take the distance and multiply it by the 38.2 for a safe exit.
So lets say our support is at 237.94 and resistance is 242.81. 487 pips range.
We would take our long from 239.80 (which is about where we entered).
Our exit would then be 240.94, a clear 100 pips after spread and all.
That would be a 38.2% trade of the range, and once we reach the 240.94, will let it spike above towards resistance and then catch the short from 240.94 to target 239.80.
Oh peeps, this is just a play of numbers to keep me busy, and it is not even a trading strategy, but it is fun to poke at this dead cat.
Until we see the stars above or the valley below, lets have fun.
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