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TOPIC: Retest of Support and Resistance & when to buy or sell

Retest of Support and Resistance & when to buy or sell 03 Oct 2014 11:22 #1

  • Richb
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Doh !!! will do
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Retest of Support and Resistance & when to buy or sell 03 Oct 2014 10:15 #2

  • Stevo999
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You'd be better putting the question into one of the forum categories to do with trading RichB, rather thn in the Welcome/Introductions section? ;)
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Retest of Support and Resistance & when to buy or sell 02 Oct 2014 15:34 #3

  • Richb
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Quick question for anyone please :cheer: !!!!!

I'm sure back in the day I recall remo saying always buy when it re-tests and bounces of the support area and not when it just bounces off it for the first time which is to confirm its held... I guess the same goes if shorting on a resistance... is that correct ?

If so my question is, if it retests the support or resistance the same day does that confirm it and should one buy or short there ? or is it the next day we are talking about ? or is there no hard and fast rules ? Just trying to work out when the best time to jump in following a stock testing those areas ....

Thanks
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