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A lot of trading strategies are based on oscillators, especially
stock trading strategies, but I don’t have oscillators on my charts. I prefer
support and resistance trading because it gives me:
The problem with oscillators is they tell you what happened in the past, and
they’re derived from price, so they lag the market whereas
Support and
Resistance Trading starts with price, and projects directly into the future.
Oscillators don’t tell you very much about the future. The way most traders
use them, they’re not much better than flipping a coin. For instance, in
trending markets, oscillators hit the extremes and snake back and forth
across the trigger lines for a long time, giving false entry signals that
can drain your account if you don’t ignore them. Problem is you don’t know
when to ignore them because it’s not a trending market until after the trend
begins, and by then you’re in and the market’s stopping you out.
In choppy markets, oscillator entries are better, but they still get you
into a trade very late in the price move, after the best part is gone. This
causes “whip-saw” action that’s costly. Now, on the other hand,
support and
resistance trading that’s timed with the NYSE TICK gets you into trades much
earlier than oscillators.
Whether you’re
day trading the stock market, the eminis, stock options,
stock index options, Forex, bonds, or mutual funds, support and resistance
levels are always there on the charts, ready to be exploited by anyone who
knows how.
I write a market newsletter each day, giving my "game plan" for the next
trading day. I'm as specific as possible including Support and Resistance
levels that I will be buying and selling against, which provides *you* with
great trade set ups nearly everyday.
There are basically two broad categories of support and resistance:
#1. The Fixed Areas- I calculate and publish these for the SP and Nasdaq
Futures every trading night using many tools such as Pivot numbers,
Fibonacci numbers, previous highs and lows, areas of congestion, certain
moving averages, trading channels, price symmetry and trend lines. I use
multiple time frames and always look for places on the chart where different
tools give me the same numbers. I call these “clusters.” I publish my fixed
support and resistance areas in my TradeStalker’s RBI Trader’s Updates,
along with my daily trading plan and analysis. My support and resistance
numbers are probably the most accurate and effective numbers available
anywhere. I’ve been trading for more than 27 years, and experience is
priceless when it comes to trading.
If Support and Resistance Trading is what you’re looking for, you can
check out my percentage of accuracy for FREE in the delayed RBI Updates
for as long as you wish, no strings attached. Or if you’d like to
receive your updates the night before in order to put my support and
resistance levels to work for you, then
Click Here Now to subscribe
to them in “Real-Time”.
#2. Dynamic Support and Resistance.
These levels come into play during the day and give outstanding entry
opportunities if you know how to trade them. Some are based on key moving
averages during trending markets, others are based on chart formations, and
still others are calculated with the same tools I use after market hours.
I’ll teach you how to find these dynamic areas in my trading course along
with everything else I’ve been doing for the last 27+ years to make a living
day trading support and resistance.
If you are looking for a
day trading advisor, put my experience to work for
you. For about the price of a daily Vinte Expresso, you can start your day
with a precise trading plan that is straightforward and easy to put to use,
receive my daily support and resistance zones for great trade locations,
learn how to take advantage of the emotional swings of the market, reduce
your risk, and finally day trade stock index futures (and their proxies),
options, and stocks with confidence.
Subscribe to my Support and Resistance Updates in “Real Time" … and see how my support and resistance levels and market analysis will help your trading - no matter what method you’re using.
There’s never been a better opportunity to turn the corner and become a consistent trader.
Disclaimer:
The financial markets are risky. Investing is risky. Past performance does not guarantee future performance. The foregoing has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on historical research and data believed reliable, but there is no guarantee that future results will be profitable.
We are not advocating trading futures. The prices and contracts in the TradeStalker's RBI Updates specify a manner in which you could trade. We occasionally mention the SP500 and Nasdaq futures markets because it is extremely liquid and tends to lead the other markets. This is not an endorsement or recommendation of the SP500 and Nasdaq futures markets. The risk of loss in futures is substantial. You can lose more than your original investment. We are not Registered Investment Advisors or Commodity Trading Advisors.
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