RE:RE:RE:RE:eastcoastEastCoastBound wrote: ROFLOL. Okay, that was TOO Cole-ish. I don't understand what it means to "trade off support and resistance."
You use those to create your entry and exit points. Obviously you don't want to enter a trade in the middle or late in a trend. If you use these wisely, you can set your enter and exit targets and also create your stoploss target. Though, I usually don't set my stoploss electronically because market makers can see them through level 3 and a lot of times they swoop them clean just before the reversal.