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Question for the Traders

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Not applicable
For the mechanical traders who use a system, if your system tells you that (e.g.) exit point is at 27950 but you can see theres clear resistance at 27900 (below your point).

Do you always stick to your system? or should support and resistance points be factored into the system?

Thanks
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4 REPLIES 4
Not applicable
Factor in support and resistance.
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SimonPB
Valued Contributor
if you are a mechanical trader what are you even doing looking at support/resistance ?? Ignore it and follow your system, discipline is what it is about and also enables a measurable performance ..
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Not applicable
It seems tricky, yesterday followed my system and lost 200 points in profit because I waited for the exit signal,
had I used the support/resistance point today I would have lost out on a big move today.
Seems you cant really win, maybe its just best to stick to the system.
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SimonPB
Valued Contributor
no you need to be either or .. you're straddling two concepts and regretting what you miss .. truth is no system catches all of everything ..
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