Support and Resistance Trading Forum

Re: Friday's SnR Lines
By:Erich
Date: 1/20/2011, 10:59 pm
In Response To: Thursday's SnR Lines (Erich)

Well those worked pretty well, don't you think? Let's try again for Friday.

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Day Trading Support and Resistance Lines
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March mini-Russell TFH1
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Support and Resistance Lines:

7950
7905
7845
7780
7730
7670
7630

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March mini-S&P ESH1
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Support and Resistance Lines:

1283.00
1280.00
1278.00
1272.00
1268.50
1265.50
1261.00

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Commodity Pick Report is a publication of Traders Helping Traders.net
http://www.tradershelpingtraders.net

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Futures trading involves the substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources that Commodity Pick Report believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such.

Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results. Any dollar amount quoted is exclusive of commissions and fees.

CFTC Rule 4.41
RISK DISCLOSURE!

Trading commodity Futures and options on futures involves significant risk. You must consult licensed professionals or your own advisors before trading to determine if it is suitable for you.

Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. You must consult your broker or advisor before making any trade to ensure current prices, margin requirements and other factors determinant to suitability.

By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers. You agree before doing any trade contained herein to consult your charts and advisors to verify all information and make your own decision.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

In fact, there are frequently sharp differences between hypothetical performance results and actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

For example, the ability to withstand losses or to adhere to particular trading program in spite of trading losses are material points which can also adversely affect actual trading results.

There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.

Got it?

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