Ok so to bring thing clear.. on how when one understand what support and resistance are within the market one can gaze price action and MAKE trading decisions.
Now I hope some know by now what is support and resistance ARE as these are major cause of failures. Cuz based our whole assessment off of it. We have to get this right. There are 3.
1. Price high fluctuation 2. High vol 3. Long wic dojis.
Now here when understanding these 3. I can easy see where the r&s is and also I can see where retail see it .
Now the first box is our r&s. Why? Well we have high volume bounce off that zone as we can see with tic vol . And we have high price fluctuations. How? Well what did price do after it hit that zone? It shot up. The markets response to that area! Therefore if the market respects it then so should we. Right?
Now let’s apply this to the low
What do we see
We see a market that responded to the low 4 times.
Now 99% of traders will drawl a line these or box and say this is support. But I’m here again timeless times to tell you that’s not how it works in the market! That is how they want you to see it so they can trap ur ass!
Now let’s apply the 3 reasons of r&s and we can’t even gather one!
There’s no increase in vol or price and no doji with long tails. Thus this zone is fake the market DONT respect it only retail traders. Now just with this in mind it you can add this into your assessment that if price goes down there price will break it . And what will this do? Hit retailer sl close they think it support and they are ready to buy off it. Now from the real r&s zone we can say that since price is under it that if price will need high vol n mom to break it and if price don’t then it will crash below..
So we understanding what r&s is will greater add to our total assessment..
HOW TO TRADE LIKE THEM-
Now I hope some know by now what is support and resistance ARE as these are major cause of failures. Cuz based our whole assessment off of it. We have to get this right. There are 3.
1. Price high fluctuation 2. High vol 3. Long wic dojis.
Now here when understanding these 3. I can easy see where the r&s is and also I can see where retail see it .
Now the first box is our r&s. Why? Well we have high volume bounce off that zone as we can see with tic vol . And we have high price fluctuations. How? Well what did price do after it hit that zone? It shot up. The markets response to that area! Therefore if the market respects it then so should we. Right?
Now let’s apply this to the low
What do we see
We see a market that responded to the low 4 times.
Now 99% of traders will drawl a line these or box and say this is support. But I’m here again timeless times to tell you that’s not how it works in the market! That is how they want you to see it so they can trap ur ass!
Now let’s apply the 3 reasons of r&s and we can’t even gather one!
There’s no increase in vol or price and no doji with long tails. Thus this zone is fake the market DONT respect it only retail traders. Now just with this in mind it you can add this into your assessment that if price goes down there price will break it . And what will this do? Hit retailer sl close they think it support and they are ready to buy off it. Now from the real r&s zone we can say that since price is under it that if price will need high vol n mom to break it and if price don’t then it will crash below..
So we understanding what r&s is will greater add to our total assessment..
HOW TO TRADE LIKE THEM-
