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question-using a rule on support as a way to buy low?


HI there:

I was wondering, if one wants to buy when the price is lower and starting to coming up, could a person put a % on this rule and does it make sense to do this?

On open New positions:
Today’s current price is greater than or equal to support 1. If you could put with something like
Today’s current price is greater than or equal to support 1 by 10% but not greater than 10%.
Would that be effective to buying closer to the bottom vs resistance? (If there is such a way to word that? )

I keep thinking if this was such a good idea I would see it in the various default strategies listed, but have not seen it anywhere, so I have my doubts, but it sure makes sense, to me that is.
thank you.
rschaer

Ed Barsano Creator