These core price levels are the initialsupport and resistance which
becomes the framework for a daily trading plan of action. Where the
market opens in relationship to these price levels is the beginning
piece of data used to determine the relative strength or weakness
of the market. When the market opens up in between the initial
support and resistance, it is identifying a buying and selling
opportunity. In this particular scenario, the support level
is a buy zone and the resistance level is
a sell zone. Eventually the market will move
up to test resistance or it will trade down to test support.
When it does, these are the price levels that you will want
to participate at. In addition to the initial support and resistance,
you will also receive secondary support and resistance that
become targets once the primary levels have been violated.
Because the market evolves with time and
information, Northstar Trader incorporates market development
along with technical and fundamental analysis to provide
a concise and easy to use game plan each day. You will be
sent updates throughout the trading session that will provide
you with valuable trading information which includes periodic
intra-day directional pivots and target prices to help you
manage your positions properly and allow you to take advantage
of potential price movements in the market that were not
apparent earlier; because they actually developed during
the trading session. |