Support Resistance Break - futures io
futures io futures trading



Support Resistance Break


Discussion in Traders Hideout

Updated by emini_Holy_Grail
    1. trending_up 2,968 views
    2. thumb_up 0 thanks given
    3. group 0 followers
    1. forum 3 replies
    2. attach_file 1 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

Support Resistance Break

  #1 (permalink)
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
 
Posts: 598 since Nov 2009
Thanks: 176 given, 120 received

Support Resistance Break

I have attached a picture where support gets broken and support becomes new resistance.
How do we figure when do the support or Resistance breaks or reverse at support or Resistance. It may not be a easy answer, but like to figure out

Attached Thumbnails
Click image for larger version

Name:	support_resistance.png
Views:	137
Size:	47.0 KB
ID:	14878  
Reply With Quote

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
  #3 (permalink)
Market Wizard
New Orleans, La (Mardi Gras City)
 
Experience: Advanced
Platform: NinjaTrader
Broker: Ninjatrader / Optimus Futures / AmpFutures
Trading: ES / 6E / 6B / CL
 
DavidHP's Avatar
 
Posts: 1,339 since Aug 2009
Thanks: 9,301 given, 2,322 received



emini_Holy_Grail View Post
How do we figure when do the support or Resistance breaks or reverse at support or Resistance. It may not be a easy answer, but like to figure out

Perhaps you should use a rule?
Number of bounces from the S/R line maybe.

Or add a diagonal trend line?
Your chart seems to be in a downward trend.
Perhaps a trend line break would also indicate a similar S/R break.

FWIW

Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
Follow me on Twitter Reply With Quote
 
  #4 (permalink)
Dallas,TX
 
Experience: Intermediate
Platform: NinjaTrader, OpenQuant
Broker: Zaner/Zen Fire
Trading: ES,6E,6B,GC,CL
 
Posts: 598 since Nov 2009
Thanks: 176 given, 120 received

DavidHP. But a trend line break usually goes for reversal though, like (break from Bollinger, 123 reversal after trendline break)

from Long to short. I have problem to find out trend continuation, like this one when it support breaks and continues downtrend.

Reply With Quote



futures io Trading Community Traders Hideout > Support Resistance Break




Upcoming Webinars and Events
 

Free BloodHound Licenses to everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts