Recent content by morbo

Does volume play any role in this? How far back do sup/res need to be considered?

these are 2 different section of the same hourly chart 2 parts are 6 months apart http://tinyurl.com/yc6yqbx7 http://tinyurl.com/yd4ll5eh (scale of price modified for viewing) Will you guys consider line A to be major support? or simply a short term support for price correction?

I find this problem puzzles me ever since I started trading stock/etf a year ago. However, there are many people in the forum predict price action down to amazing precision. how do you tell if a trend is about to go into reversal or it's simply a correction? do you use multiple indicators for...

Since it's day trading. Won't the gap from over-night movement actually becomes an advantage? Day traders profit from the price bounce back and forth between Sup/Res and the imbalance of information that each participant could access, right? It also eliminates the possibility of getting caught...