Hi Wayne, Gian,
Wayne: Good points.
One thing I like to do is trade bounces off of S/R lines when the opportunity arises.
BUTTTT, eventually you run out of "bounces" and the last one may get you !!!!!
There are just so many different situations, and often differ with the product that I find it difficult to make a general statement.
I now limit it to three. I think that was Trades number since each tag weakens the support or resistance.
Gian:
Have you selected a market to look for a trade today ??? I'm at a loss.
I have every intention of getting back to your last post. I am drowning playing catch up from the power outage.
Thanks, Lee