Even novice traders
ask about what being the NEXT support or
resistance.
Why are support and resistance so important when
they rarely hold?
After January 2008 breakdown, Sensex slipped almost
13500 points, some 62% in 10 months. In the process,
anguished traders saw scores of supposedly very strong
supports being broken as if they never existed.
What is more important to know in intraday
trading is the Bounce
back/down level. And in my
training you will learn a method to
calculate the Bounce
back/down levels to
100%
perfection.
Impossible? You have not seen
this Intraday
Trading system yet.
Additionally, you will learn how to use the
Bounce back/down levels to initiate new trade.
Trades at the right
Bounce back/down level -
which is the beginning of the market
reversal - are the safest and most
profitable. That's why I place importance on
calculating the Bounce
back/down levels to
perfection.
Also, if you know the
Bounce back/down levels,
you can easily know when the market will be
excessively bullish or bearish during the
rest of the day. |
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