But, what if there was one system enhancement you could add to your NinjaTrader arsenal of indicators that can not only help you help you make better trade entries and improve your stop placement but, also help with set better profit targets?
Watch how Ultimate Support and Resistance Suite works with any day trading system and you tell me!
As you can see, the Ultimate Support and Resistance Suite not only improves the probabilities when you enter a trade but also offers excellent profit target and stop placement levels as well.
Determining future levels of support can drastically improve the returns of an intra-day day trading strategy because it gives you an accurate picture of what price levels should prop up the price of a given instrument in the event of a correction. Conversely, foreseeing a level of resistance can be advantageous because it identifies a zone where traders have a high willingness to sell the instrument. Such a price level could potentially hinder an active position from reaching its profit target.
There are several different methods to choose when looking to identify support and resistance levels. But, regardless of the method, the interpretation remains the same. Support and Resistance prevents the price of an underlying move from moving in a certain direction.
I would not trade the futures markets or ANY market for that matter without this powerful trading tool created by Erich Senft. The Ultimate Support and Resistance Suite performs with all instruments and in all markets.
Join Erich Senft in our Trade Room to use this great support and resistance tool in action! Click HERE to Register.
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