Time after time, an attentive trader could have entered positions counter to the prevailing market action and would have done well. You can see how many times prices either approached or penetrated real-body support and resistance points but were unable to sustain those levels. The sterling/Deutschemark cross-rate contains several excellent examples. STERLING/DEUTSCHEMARK CROSS-RATE.
Prices did not stop falling until they were about 600 points lower, less than a week later. The first came in late December 1994, when the market approached, but never broke, real-body resistance.
CONCLUSION
It just goes to show that by keeping our eyes open, we just might be able to discover new techniques. I'm sure you'll find it worthwhile, and a beneficial addition to your technical toolbox. You should, however, take the time to try out this methodology. In the longer term, we can use real-body support and resistance levels as well. That applies to the real-body support and resistance levels, we can use real-body support and resistance levels, we can derive important counteraction trading points and improved longer-term entry levels. In the short term, we can use real-body support and resistance to get a jump on market breakouts in a vacuum. In the short term, we can try to improve our trading and analysis on several levels. In the short term, we can derive important counteraction trading points and improved longer-term entry levels. In the longer term, we can try to improve our trading and analysis on several levels. By using real-body support and resistance levels, we can try to improve our trading and analysis on several levels.
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