Support and Resistance

Support and Resistance is just simply how the markets work. Support and Resistance is supply and demand in action and supply and demand are the underlying forces that ultimately drive every market.Support is the point at which sellers are not strong enough to move price any lower at that point in time.Resistance is the point at which buyers are not strong enough to move price any higher at that point in time.You will see day after day the market consistently reacting to Support and Resistance levels. The key to trading Support and Resistance levels is determining whether price will hold or breakout. Each time a previous Support or Resistance level is being tested I look at price action with the help of indicators to determine how strong the buying or selling pressure there is, taking into consideration the bigger picture, higher-time-frame and overall trend.Support and Resistance offers an edge for veteran and new traders alike, helping to improve winning perentages, indentify key areas to look for setups allowing traders to plan their trades around high probability price patters. I pride myself on education and transparency; I will show you what to look for and when to enter the market with a low risk to reward ratio.
"Absorb what is useful, reject what is useless,and
add what is specifically your own"
Bruce Lee.

Wednesday, February 20, 2019

LEGENDS OF TRADING: THE STORY OF PAUL TUDOR JONES

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Monday, January 7, 2019

How long does it take to learn something? Malcom Gladwell's book "Outliers" message is commonly distorted to make you think it takes 10,000 hours. Josh Kaufman explains how through his research he discovered it takes 20 hours to learn something (i.e. get the hang of it). In just 45 minutes a day for about a month, you can be relatively proficient in whatever skill you have been wanting to learn. 

 

The steps are to 1. Deconstruct the skill 

2. Learn enough so that you can self-correct yourself 

3. Remove barriers that prevent or make it difficult to practice 

4. Commit from the start to practice at least 20 hours

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