Is strictly trading support and resistance profitable?
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Thread: Is strictly trading support and resistance profitable?

  1. #1
    Hello, still another newbie on forum. I ask this question because I intend to begin trading and will use support and resistance. Thus, some background information about me. I've been demo trading for the previous 6 months and has been profitable for 5 of the months. My egy was fundamental, as I'd attempt to exchange following news in the worldwide market. I soon found out that this was not the most constant egy (not really a egy TBH). So my question to you is can someone build an account out of just using support and resistance? Feel free to post photos of your drawings, since this thread can be a place to go over S R charts. Thank You

  2. #2
    The mathematical principles that 9.999^ = 1 or 3.333^infinity = 1/3 is exactly what seperates mathematicians from physicists. Or the principle that 0 (which instantly gets invalidated by schrodinger's along with also the various quantum theories)
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    Mathematicians accept those as essential mathematical approximations. Physicists seek a way to describe reality. There-in lies the flaw of a mathematical analysis of Martingale; it supposes the parameters of time and space. It supposes they are equally equals and that only two binary options exist. It supposes that 2 2 = 4 when in fact 2 2 = 4 AND 2 2 = 5.

  3. #3
    What do you guys think Is a Fantastic MA time frame for 1 hour and 30 min charts

  4. #4
    Wait, so if prices are made by banks and large firmscan't we use lines. Are we simply trying to buy when everyone else is trying to sell and vice versa. Would this egy work, buying the opposite of the majority of people base ?

  5. #5
    Quote Originally Posted by ;
    Wait, so if prices are made by banks and large firms, why can't we use simple S R lines. Are we trying to buy when everybody is trying to market and vice versa. Can this egy function, buying the opposite of the majority of people base ?
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    No, that wouldn't operate. Especially in the event that you don't know what is the banks/firms and what is'the majority'
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    it's possible to use simple SR lines. Go look at the monthly charts, put your positions , and check back with us after a month. Ensure that you use an insanely small percent of your account... if you do it correctly then you will definitely have a higher APR than the banks provide. But traders do not earn 5-10. They earn that daily. That is because they move faster than the banks and with accuracy.
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    If you exchange 1-step before the banks and 1-step before another traders then you will be 100 steps ahead of everyone in virtually no time at all.

  6. #6
    Quote Originally Posted by ;
    quote No, that wouldn't work. Especially if you don't know what's the banks/firms and what's'the majority' SR lines that are easy can be used by You. Go look at the charts, put your positions , after a month, and check back together. Be certain that you utilize an insanely small percent of your account... if you do it properly then you'll definitely have a higher APR than the banks offer. But traders do not earn 5-10. They make that daily. That's because they move faster than the banks and with precision. If you exchange 1-step ahead of their banks and 1-step...
    So how do you exchange 1-step ahead of their banks?

  7. #7
    Skeptical about EUR/GBP. Just buying if it strikes the service and obviously does not break it. What do you believe?

    Lol, I will produce the chart bigger next time. My bad

    Also, why did this fictitious breakout occur? I understand that is what kills S R trading. Any suggestions to avoid trading on a breakout?


  8. #8
    Quote Originally Posted by ;
    quote So how do you exchange 1-step ahead of their banks?
    #194;#160;
    Market of dimensions.

  9. #9
    Quote Originally Posted by ;
    quote  Economy of Dimensions.
    Huh?

  10. #10
    Quote Originally Posted by ;
    quote Huh?
    #194;#160;
    The banks can only move/respond to info so fast. It's actually their job buffer the economy and to react. All you need to do is know which way they're moving and avoid smashing into them.

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