Replies to post #17237 on Strategy Central

[KovuLK]

Sammy re: Ted Burge, SR & MID

"one question I had on his support and resistance is when the market is trending up or down, the indices blow through the support and resistance points. How do we trade with that in mind?"

Thank you for asking that question. It is mine as well. From reading his comments I would say that he relies on stops at a percent below/above the SR line; but you can stop out and the market just flip around on you and go back in 'your' direction. However, I do use Ted Burge SR for determining a better entry or exit on a timing signal.

By the way, some MID lines that he had posted once upon a time are 807, 818, 826, 845, 851, 867, 883. I think MID is the basis for MZZ/MVV. This could be helpful for late entries for MVP.

Thanks,
kovu