[rolltiide]

yes, this is possible, with more trades becoming a self fulfilling prophecy, and have stop limits in place all the times it didn't work.

I wish the technical analysis flock would merely incorporate different things. TA takes a time series chart and imagines time series patterns. It primarily neglects what didn't get printed on a time series chart, and why. How big are the orders at the resistance level, do you have a record of the order sizes that appeared at the last resistance level? who is selling at the resistance level and why? The TA answer is "just because its a psychologically round number for the resistance price" or "because thats how high the last high candle was", but you can greatly improve your win rate by understanding who is in the market and why, which is possible to understand and a large portion of my trading strategies. It can be much more data intensive though so I can see why 1980s gurus did not do it.