donblack32
17 posts
msg #27889
- Ignore donblack32 |
8/17/2003 10:21:28 AM
Does anyone have ideas on the best tool to use to establish support and resistance. I have heard of using bollinger bands, moving averages and fibonacci. Also, I have heard of building your own horizontally and building them using trendlines (which, of course, probably would not be horizontal).
If you have had success at using S/R please share.
Thank you
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txtrapper
548 posts
msg #27890
- Ignore txtrapper |
8/17/2003 11:00:18 AM
For actual support & resistance numbers I use this:
Example: TWI..Titan International, Inc.
[http://moneycentral.msn.com/investor/research/wizards/srwhistory.asp?Symbol=TWI]
txtrapper
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txtrapper
548 posts
msg #27891
- Ignore txtrapper |
8/17/2003 11:03:39 AM
Leave off the [ ]
copy and paste this:
http://moneycentral.msn.com/investor/research/wizards/srwhistory.asp?Symbol=TWI
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donblack32
17 posts
msg #27895
- Ignore donblack32 |
8/17/2003 4:37:38 PM
TXTRAPPER<
I gather from your referral that its the 50 and 200 day m.a. that you have been using. Thanks for the help. Its greatly appreciated.
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AntNet
36 posts
msg #27899
- Ignore AntNet |
8/17/2003 7:24:04 PM
donblack32,
If you (on anyone) would like information on a commercially available S/R educational program, that I personally feel is one of the best to not only learn about Support and Resistance but also the practical ways to apply them successfully in your everyday trading, let me know by message to blbant at hotmail dot com.
Because it is a commercial product, I feel it's improper to post the information on anothers forum. Sorry to cause the extra step, but I don't agree with the practice of promoting things to forums and discussion groups.
Bert.
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marauder
6 posts
msg #27900
- Ignore marauder |
8/17/2003 7:44:04 PM
Support/resistance lines generated from price action can also be found at www.StockConsultant.com, which includes a detailed description of all areas of support and resistance for the last 6 months.
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AntNet
36 posts
msg #27916
- Ignore AntNet |
8/19/2003 4:08:40 PM
Don (et all),
Here's a very simple but effective crossover I derived from the info in the course I told you about:
Fetcher [Price above 0.25 and Price below 2.50 and
Average Volume(20) above 35000 and Volume above 50000 and
MA(49) crossed above DMA(25,5) within the last 3 days
and MA(49) is above DMA(25,5)
and High is above MA(49)
and Low is below DMA(25,5)]
Works quite well when the major markets are above the MA & DMA specified.
Rules for entry, exit, stops and targets are all discussed in the materials.
Bert.
PS
Anyone interested in the S/R source info, see my earlier post in this thread.
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