Fundamental Principals of F2G Trading
Disclaimer Fundamental Principals of F2G Trading The current market price is the collective vote of all market participants and takes into account all information, and the majority vote wins, which leads to the market direction, which we join like a surfer on a wave The market is always searching for support (institutional buying) or resistance (institutional selling) Support and resistance are horizontal (price level) and diagonal (trendline) lines, and drawn from highs to highs and lows to lows (including opens and closes) The more touches a support or resistance level has, the more important it is, while HTF sup/res is always more important than LTF sup/res Support and resistance are broken only when price closes strongly beyond them, broken support becomes resistance, broken resistance becomes support Buy at support, sell at resistance (or when something is wrong, eg. market can't quite reach sup/res) Focus on singles, not home runs, add to winners/re-enter if ...