DislikedHi all
Signed up today as I wanted to mention something. The J16 stuff is obviously popular because it's so basic and we have all learned to keep it simple. Yes support/res works better than anything else.
But PA as such I think is wrongly taught here. Before you all gun me down, here's my point: We all know PA will change depending on data feed, timeframe, tickframe, etc. A pinbar on my chart may not be on yours, but the support/res line will be the same. So I think teaching basic support/res to trade breaks and bounces is correct and probably...Ignored
As stewrigh mentioned its all about PA at key SR or high probability trades and how people interpret what they are presented with - every methodology requires learned interpretation.
Take a look at the charts posted above such as Jaroo's for a demonstration of how the knowledge taught here should be used.
In retrospect we learn.
In perspective we earn.