Js: supports are like tree branches which the market falling from tree top may or may not be able to hold while falling after slipping.....self talk
market supports and resistances are mass imagination and hence virtually true
Prithwis: supports & Resistence is mass imagination and some calculated Level also, as per open high Low , close
Js: .....mass calculated imagination......
since it is mass, it works.....
but collapses like anything when in the interest of operators.....self talk at the brink of freedom of speech.....no pun intended....Pl pardon, no intention to hurt, just Frank discussion of civil trading society
there is no inherent logical fundamental reason for levels to work except mass belief.....it definitely works but because of psychological reasons
levels being to every caste creed race nation planet.....including me
I respect levels......but can't ignore operator tactics using levels......if I were an operatori would definitely be using this info that the herd is looking at particular levels......
one reason why new levels get created....
levels which don't hold are as good as non levels which don't hold.....
levels are man made, non levels are divine
every success is the signal of impending failure if not forgotten soon.....
a trader is only as good as his her last trade
I am happy to already having started worrying about my next bet (on the downside)
I'm not sure.....just that I'm betting on what I understand.....fearlessly, shamelessly......
remorselessly
one can afford to be fearless if one is in the green....
fearlessness gives profit, profit leads to fearlessness, fearlessness gives more profit......
Just 2-3 working tricks are enough for life.....
profit money, or profit experience...fall of fear is certain
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