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Support and Resistance Traders' Forum

Re: Homework Assignment
By:Shannon
Date: Monday, 24 January 2005, 12:48 pm
In Response To: Homework Assignment *PIC* (Erich (vendor, CTA))

Sorry about this, but, two of my lines would have to be trendlines. The ones that would form a big wedgy. Of course, of particular interest from there would be where the support and restistance lines cross these trendlines, because I would not be trading in this wedge but wait for the breach.. The 77.50 line to the north and the 7500 line to the south would be my first two lines to watch.. Then I would use S&R lines inside the wedge to base my stops ,, say 76.60 for the long and 75.85 for the short. Sorry, I do not have my charting software on this computer to post a chart but Dino's is what I based my comments on.. **these numbers are not factoring RRR** I'm sure this post doesn't make any sense but neither does my trading.. LOL

Messages In This Thread

Homework Assignment *PIC*
Erich (vendor, CTA) -- Monday, 24 January 2005, 2:34 am
Re: Homework Assignment *PIC*
Dino Dave -- Monday, 24 January 2005, 11:22 am
Re: Homework Assignment
Shannon -- Monday, 24 January 2005, 12:48 pm
Re: Homework Assignment *PIC*
Jeff Koski -- Monday, 24 January 2005, 5:32 pm
Re: Homework Assignment
JOB -- Monday, 24 January 2005, 5:59 pm
Re: Homework Assignment *PIC*
Spike -- Monday, 24 January 2005, 10:48 pm
Re: Homework Assignment *PIC*
Dino Dave -- Tuesday, 25 January 2005, 12:12 am
Re: Homework Assignment *PIC*
Martin R -- Tuesday, 25 January 2005, 7:01 am