Trading Process and Strategy

Every Price Interaction with Support or Resistance is Unique

The following image was posted a few days ago on facebook and received more "likes" than any other YTC facebook post so far. So I thought we should examine the concept in a little more detail. (By the way… see here for YTC Facebook if you're not already following it: http://www.facebook.com/yourtradingcoach)

Trading Process and Strategy

S/R is a Decision Area, not an Impenetrable Barrier!

It can help to think of Support or Resistance (S/R) simply as a decision area. Too many traders seem to expect their S/R levels to form an impenetrable barrier guaranteed to hold and reverse price movement. Doing so will lead to much frustration and unnecessary losses. The following image is an extract from email in…

Trading Process and Strategy

S/R Levels – When Do They Become Invalid?

I produced a few articles on general S/R theory a couple of years ago. https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-the-greatest-trading-tool/ https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-2-swing-highs-and-lows/ https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-3-areas-of-congestion/ https://yourtradingcoach.com/trading-process-and-strategy/support-and-resistance-4-round-numbers/ Plus an article demonstrating the trade opportunity available when S/R changes polarity (S becomes R): https://yourtradingcoach.com/trading-process-and-strategy/support-becomes-resistance-a-trade-example/ And a recent blog post which demonstrates how I define my S/R levels on my higher timeframe: “Plotting S/R – Here…

Trading Process and Strategy

There is a Lesson in EVERY Trading Session – Part 2

Feedback from last weeks article has been superb. So I thought I’d give some more examples here this week. And I’ll use this idea as the initial concept behind a daily blog – commencing later today. 🙂 For these examples, we’ll look to a different market. This time the HSI (Hang Seng Index Futures) which…