Support & Resistance Trading:

A lot of trading strategies are based on oscillators, especially stock trading strategies . but I dont have oscillators on my charts. I prefer support and resistance trading because it gives me:

High probability knowledge of what will happen in the future.

Trading setups that hold their edge in all liquid markets decade after decade.

Logical places to exit and enter trades.

Natural protection for hard stops.

A sense of confidence youll never get from oscillators.

The problem with oscillators is they tell you what happened in the past, and theyre derived from price, so they lag the market whereas Support and Resistance Trading starts with price, and projects directly into the future.

Oscillators dont tell you very much about the future. The way most traders use them, theyre not much better than flipping a coin. For instance, in trending markets, oscillators hit the extremes and snake back and forth across the trigger lines for a long time, giving false entry signals that can drain your account if you dont ignore them. Problem is you dont know when to ignore them because its not a trending market until after the trend begins, and by then youre in and the markets stopping you out.

In choppy markets, oscillator entries are better, but they still get you into a trade very late in the price move, after the best part is gone. This causes whip-saw action thats costly. Now, on the other hand, support and resistance trading thats timed with the NYSE TICK gets you into trades much earlier than oscillators.

Whether youre day trading the stock market . the eminis, stock options, stock index options, Forex, bonds, or mutual funds, support and resistance levels are always there on the charts, ready to be exploited by anyone who knows how.

I write a market newsletter each day, giving my game plan for the next trading day. I’m as specific as possible including Support and Resistance levels that I will be buying and selling against, which provides *you* with great trade set ups nearly everyday.

There are basically two broad categories of support and resistance:

#1. The Fixed Areas- I calculate and publish these for the SP and Nasdaq Futures every trading night using many tools such as Pivot numbers, Fibonacci numbers, previous highs and lows, areas of congestion, certain moving averages, trading channels, price symmetry and trend lines. I use multiple time frames and always look for places on the chart where different tools give me the same numbers. I call these clusters. I publish my fixed support and resistance areas in my TradeStalkers RBI Traders Updates, along with my daily trading plan and analysis. My support and resistance numbers are probably the most accurate and effective numbers available anywhere. Ive been trading for more than 30 years, and experience is priceless when it comes to trading.

#2. Dynamic Support and Resistance — These levels come into play during the day and give outstanding entry opportunities if you know how to trade them. Some are based on key moving averages during trending markets, others are based on chart formations, and still others are calculated with the same tools I use after market hours.

Ill teach you how to find these dynamic areas in my trading course along with everything else Ive been doing for the last 30+ years to make a living day trading support and resistance.

If you are looking for a day trading advisor . put my experience to work for you. For about the price of a daily coffee, you can start your day with a precise trading plan that is straightforward and easy to put to use, receive my daily support and resistance zones for great trade locations, learn how to take advantage of the emotional swings of the market, reduce your risk, and finally day trade stock index futures (and their proxies), options, and stocks with confidence.

Subscribe to my Support and Resistance Updates and see how my support and resistance levels and market analysis will help your trading — no matter what method youre using.

Theres never been a better opportunity to turn the corner and become a consistent trader!