IUX Russel - Rejection from the TrendBarrier
What is important on this chart is not the trade!
It is how you can see support and resistance at the lines.
If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law.
It's not a holy grale or such. But when something is happening over 80% of time, then we should pay attention to it and think about how we can use this for our trading. And yes, price is going to the centerline (CL.) over 80% of time.
This is only one rule of many, of the A/R freamweork.
I like to trade small, very small, but trade many occurences to increase my chance of making a profit at the end.
That is why i like to sell options very much! Selling options have a built in success of expiring out of the money over 70%!
Now combine this with this fantastic Action/Reaction framework and you have a hell of a great system to make money from the markets.
I have put togheter a very basic Action/Reaction and Fork course where you can attend for free.
Use this for your advantage and take you seat and start to dive in the world of Newtons law of Action/Reaction on this website: mytradingcoach.teachable.com/
P!
It is how you can see support and resistance at the lines.
If you know how to use these tools your chance of profit increase dramatically, because all these lines do is follow the law of Action/Reaction - Newtons law.
It's not a holy grale or such. But when something is happening over 80% of time, then we should pay attention to it and think about how we can use this for our trading. And yes, price is going to the centerline (CL.) over 80% of time.
This is only one rule of many, of the A/R freamweork.
I like to trade small, very small, but trade many occurences to increase my chance of making a profit at the end.
That is why i like to sell options very much! Selling options have a built in success of expiring out of the money over 70%!
Now combine this with this fantastic Action/Reaction framework and you have a hell of a great system to make money from the markets.
I have put togheter a very basic Action/Reaction and Fork course where you can attend for free.
Use this for your advantage and take you seat and start to dive in the world of Newtons law of Action/Reaction on this website: mytradingcoach.teachable.com/
P!
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