Worden Discussion Forum

Welcome Guest, please sign in to participate in a discussion.

Search | Active Topics |

Worden Discussion Forum » General Discussions » Stock and Market Talk » How do you.......?

How do you.......?

Rate this Topic:

Previous Topic · Next Topic

Watch this topic · Print this topic ·

mambo

Posted : Monday, July 24, 2006 8:23:48 PM

Registered User
Joined: 3/9/2006
Posts: 25

Hi to all.My qestion is how do you calculate support and resistance level.Daily chart? weekly,or monthly?
Thank you.

diceman

Posted : Monday, July 24, 2006 11:40:07 PM

Registered User
Joined: 1/28/2005
Posts: 6,049

mambo

This is a complicated issue that typically depends on a traders time-frame and style.

Typical areas of support and resistance are recent lows and recent highs.

"Measured" areas of support would involve moving averages, bollinger bands, envelope channels, H-L channels, and linear regression channels.

Also fibonacci levels.

You may be interested in these videos:

Fibonacci Retracement Levels

Scan for stocks bouncing in a lateral channel

Spotting trend changes using linear regression channel sorts

Thanks

JohnGault

Posted : Tuesday, July 25, 2006 9:54:49 AM

Registered User
Joined: 3/25/2005
Posts: 67

I use these 3 factors to visually determine s&r. Not sure how to "calculate" it.

1. Obvious price congestion
2&3. Momentum and/or volume spikes

JL

mambo

Posted : Tuesday, July 25, 2006 5:28:16 PM

Registered User
Joined: 3/9/2006
Posts: 25

Thank you for the help,i will check the videos.

Users browsing this topic

Guest-1

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.