Intro to Support and Resistance Levels
Trend swing trading works very well for consistent trends, but the least bad option I could figure out to avoid the losses in baseline and trajectory changes was to just be patient and wait for it to swing back in the other direction.
However, a 30-minute resolution support/resistance level algorithm that will hopefully allow us to profit from these trajectory changes as well.
By using stop-limit orders to automatically sell whenever it falls through a support level, one can significantly decrease the risks.
Conversely, by buying when it breaks through resistance levels, we'll be able to take advantage of a lot of upsides that you'd otherwise be missing out on.
You can apply the indicator by searching for "Swing" in the indicators and picking the top result.
However, a 30-minute resolution support/resistance level algorithm that will hopefully allow us to profit from these trajectory changes as well.
By using stop-limit orders to automatically sell whenever it falls through a support level, one can significantly decrease the risks.
Conversely, by buying when it breaks through resistance levels, we'll be able to take advantage of a lot of upsides that you'd otherwise be missing out on.
You can apply the indicator by searching for "Swing" in the indicators and picking the top result.
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