http://www.netpicks.com/higher-probability-when-you-know-structure/ - Read more
We have all heard of the old adage….”sell at resistance and buy at support” which is another way of saying to trade market structure.
Obviously it is contextual because if price is charging towards a resistance level are you really going to just going to market short?
Of course not and to just trade these levels blindly will not result in positive results overall especially if you also ignore your risk parameters.
That is the problem with these types of “rules”.
They ignore the fact that markets don’t move according to popular statements.
http://www.netpicks.com/tjlivewebinar - See Our Trading Systems In Action
Licence : All Rights Reserved