June 2 2011 : Look How Market Channelize between Numbering Supports and Resistances

Sometimes Market do not follow one sided Trend . In other words we can say it do channelize between numbering Supports and Resistances .  In this case , we can't say overall trend is in SELL or BUY . 

Most of the times lines are either parallel or oppositely directed . So there is very less possibility of STRONG SELL or STRONG BUY at that time.

Guys if you remember Numbering Study Given at big Boss Trading , you will definately understand what i am saying :-
Have a Look on the Picture
what pattern you find out?
1. It do Channelize between 818 and 822
2 And you know numbering traders do not enter between these numbers .
3 Until market crosses  either of this limit , it will remain channelizing.

I am not giving you further details because everything is discussed in class ,this is just a indication , if you still have question email me at admin@yotrading.info
Happy Trading
eMaster