Support and Resistance is the basis of most technical analysis chart patterns. Yes Virginia, you really do need to be able to recognize it if you want a low risk, sensible way to trade based on what you see in the charts. Areas of price congestion that create many well known chart formations are nothing more than levels of Support or Resistance.

In fact, just about every technical trading system or method uses Support and Resistance, whether their authors admit it or not!

This is not a new fangled, latest flavor of the month trading system at all...Support and Resistance has been around since before Jesse Livermore was but a twinkle in his daddy's eye.

It's not exactly rocket science to identify Support and Resistance, and it can be applied to any market: stocks, commodity futures and options, spread trading, forex and single stock futures too. That's the good news.

Need help pulling the trigger?

Any Type of Chart

The bad news is that there's a lot of "tip of the iceberg" canned information out there that's just plain inadequate. You're going to have to put in some time getting a "feel" for Support and Resistance on your charts. The cool thing about Support and Resistance is that with a bit of practice you can see it clearly on any type of chart, so there's no need to make a life-altering decision. The keyword here is practice.

We Have You Covered

NOTHING will replace good old chart watching... but the other good news is, we have you covered.

Erich Senft, CTA and Tom Loge', CTA are two very experienced and well known Support and Resistance practitioners: they are passionate about S&R. They're also passionately dedicated to their students...just ask any one of them.

You are NEVER left alone with course materials to muddle your way through. Erich and Tom are ALWAYS available to answer your questions and concerns, and show you step by step in exquisite detail exactly how they approach each trade, each market.

Need help with entries, exits and stops?

Detailed Trade Management

Every day, Erich and Tom each send out a selection of market analyses with detailed trade management information. You never have to guess at how they arrive at their analysis, where they'd put their stops and why. You can discuss these trades and ask questions any time on the Support and Resistance Forum.

Each Wednesday evening at 9pm eastern, Erich and Tom have a live audio/video session in the Hotcomm room. You get to see their charts, their trades and hear their commentary in real time. Any questions you have, feel free to ask. These sessions are extremely popular...standing room only!

(Never fear, though, if you miss any they are recorded and archived in the Subscribers area of the website).

Traders Helping Traders

Every Sunday the two part aptly named Traders Helping Traders Big Weekend Edition of the eZine is published. It's in full color with charts for every market covered and the usual highly detailed analysis. In addition, you also get an audio file of each market sector called the Market Minutes, and a copy of Erich's marked chartbook for the week.

Every weekday after that, you get an update so you can see how their trades progress, what management decisions they make and why.

You are left in no doubt as to how Erich and Tom make their analysis and manage their trades.

Although they both use the same support and resistance principles, they have very different personalities and approach their trading very differently...which makes for a fascinating study. How can they both be right??

Two words: relentless Trade Management!

Need detailed trade management input?

New! Check out the $50 Buck Challenge video below: