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Support And Resistance Levels Don’t Matter

It’s not your support and resistance levels that matter. It’s the reaction to your support and resistance levels that matter.

In this week’s #developyouredge episode, we look at Gold – which is I believe currently on a 2-way trade. Also, we talk more about why Support And Resistance Levels Don’t Matter and It’s The Execution That Matters Most In Trading

It’s not really your indicators, it’s not your strategy that really matters. It’s how it resonates with you and your personality. And you as a trader on a timeframe that you are trading, this is what’s important.

It comes down to knowing yourself, knowing your strategy, and identifying through the reactions of the market to your strategy, to your support and resistance that determines if it’s a good trading environment for you.

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Develop Your Edge is a weekly YouTube show hosted by 23-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony and his guests discuss what they are doing to Develop Their Edge in trading futures! Past performance is no guarantee of future results.  Derivatives trading is not suitable for all investors. 

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