US OIL (West Texas Intermediate)
By using the Principles of Dynamic Resistance
and Dynamic Support, We initiate Positions
at less crowded Price Points.
The first yellow circle on the top of the chart,
is the first entry given by the principles
of dynamic support.
A dynamic support rises as the price line rises.
A static support remains at the same level,
at the same price point, and is illustrated
by a horizontal line in most books and trading courses.
We rarely see the mention of dynamic support.
Using a dynamic support gives you a different viewpoint
and determines an entry point where most other traders
are not considering an entry.
When the price line reaches the static support level
further below, you already have a position and are
already in profit.
At the static support level, you can add to your position.
This way, risk is spread out at different price points.
Also, because most traders initiate a short trade at the
static support level, this often results in very choppy conditions at that level.
To initiate the trade there at the static support level
often results in experiencing unnerving conditions.
F. Normandeau
By using the Principles of Dynamic Resistance
and Dynamic Support, We initiate Positions
at less crowded Price Points.
The first yellow circle on the top of the chart,
is the first entry given by the principles
of dynamic support.
A dynamic support rises as the price line rises.
A static support remains at the same level,
at the same price point, and is illustrated
by a horizontal line in most books and trading courses.
We rarely see the mention of dynamic support.
Using a dynamic support gives you a different viewpoint
and determines an entry point where most other traders
are not considering an entry.
When the price line reaches the static support level
further below, you already have a position and are
already in profit.
At the static support level, you can add to your position.
This way, risk is spread out at different price points.
Also, because most traders initiate a short trade at the
static support level, this often results in very choppy conditions at that level.
To initiate the trade there at the static support level
often results in experiencing unnerving conditions.
F. Normandeau