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kvn

Support and Resistance

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Can see the thumbnails, but the enlarged pictire shows blank, anything that can be done about that? I have looked at plenty of other thumbnails that worked and am using firefox

 

I have exactly the same problem.

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if you draw enough lines on your chart,

one of them is going to stick...

and you can can call it support/resistance/pivot... or whatever you will.

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The concept of supply/demand analysis seems to work better than simple support resistance. Probably because it provides a range of prices instead of just a "line in the sand", and in part because of the way I frame the market....I have charts posted on several threads including "An Institutional Look at S&P Futures"....using that concept requires some background and the operator has to understand the related concept of balance and imbalance....most retail traders don't really get that...but if you ever have a chance to look at the display boards around the perimeter of the CME exchange you would notice that a lot of participants pay close attention to the balance/imbalance numbers that are published there. My approach allows the operator to estimate balance/imbalance pretty accurately and get on the right side.....

 

Good luck

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I'm reentering trading after a long hiatus. Before reentering seriously, I spent a lot of time developing systems - I call it hobbyist mode. When I became serious, I quickly realized that overlaying my systems on SR levels improved my trading dramatically. I started just out writing them down. Here is the main chart I now use for that:

 

URL Deleted by Moderator

 

Key levels I follow throughout the trading day:

last hour

previous day

overnight

morning

Daily

 

 

 

Than the 30 minute channel to help determine intraday trend.

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To elaborate on BlowFish, fractals are repeating patterns. In trading, they can allow you to take the risk of a short term trade, and parlaying that into a longer term trade.

 

For a very simple example, if you entered long at the start of an uptrend, which was a wave inside of a larger uptrend, you are using fractals. Most people who do analysis on different timeframes are using fractals in one way or another.

for 3 years,have also been unable to grasp what fractal meant on a chart,thank you for the explanation,it's a fraction of a move,or a fractional movement in a larger picture of movements,

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Whether markets are 'truly fractal' or not they do appear to have a deal of self similarity. So, supply and demand played out through price action looks similar regardless of how you view it (assuming you are using a chart). Obviously 'support' viewed on a weekly chart is a different animal to 'support' viewed on a 3minute chart!

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