tag:blogger.com,1999:blog-30128229.post7428461544208132816..comments2023-09-30T07:11:55.493-06:00Comments on MarketFN.com: Thoughts on Technical TradingInvestment Househttp://www.blogger.com/profile/14771320644915759241noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-30128229.post-5305959397464492312008-01-14T09:49:00.000-07:002008-01-14T09:49:00.000-07:00Dear spmdpm,I don't know that I can say that one t...Dear spmdpm,<BR/><BR/>I don't know that I can say that one type of support is more "important" than another. Much depends on the individual's trading plan. Price supports and resistances (the horizontal ones) can give a good idea for entries and exits for certain strategies such as the often very lucrative iron condors or spreads while trend supports or resistances can provide very helpful information for directional trades. I would suggest you take a look at my new book, "Trade Your Way to Wealth," to see how some of these strategies interrelate to technical analysis. Martin Pring's "Technical Analysis Explained" is a very detailed work on technicals alone. Thanks for writing.Bill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-54120838673109882592008-01-14T08:39:00.000-07:002008-01-14T08:39:00.000-07:00Thanks for writing, Tom. Glad to hear you are revi...Thanks for writing, Tom. Glad to hear you are reviewing your exit plan. Review of all parts of one's trading plan is an important ingredient to success in my estimation. Keep up the good work.Bill Kraft, MarketFN.comhttps://www.blogger.com/profile/08274803638438137352noreply@blogger.comtag:blogger.com,1999:blog-30128229.post-82419443920121249562008-01-14T08:22:00.000-07:002008-01-14T08:22:00.000-07:00I am still in the learning process and am a "techn...I am still in the learning process and am a "technical trader". I use support and resistance and trendlines for entry and exit. My question is what indicators are more "important", horizantal support and resistance at previous swing highs and lows or uptrending and downtrending trendlines? Also, can you direct me to some good resources on technical trading?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30128229.post-29941336548570735412008-01-12T18:39:00.000-07:002008-01-12T18:39:00.000-07:00Bill, thanks so much for the review on exit points...Bill, thanks so much for the review on exit points. I have been getting out of my positions too soon. This month I bought BDGR at .02 and sold a couple of days later at .025. I was happy with the 25% gain, but BDGR continued to almost .10. I'm rewriting my exit plan.<BR/><BR/>TomAnonymousnoreply@blogger.com