Quote from eurusdzn:
I am familiar with R1,R2,S1,S2, Gann, Fib and the like available but it doesn't really help
me.(not at all a TA basher....just me) . I prefer eyeballing a chart and drawing levels.
But I am not afull time pro trader and have limited time to look at many charts.
I think market profile is best to to see these levels, got this from Ammo over in ES journal.
I have coded a reasonable approx of market profile so far. I should be able to get an alert
When stocks in the Sp500 are at important levels.
Forget my abilities to code trend. i had inquired in another post. Wayyyyyy to fuzzy to code for me. I will just look at a chart regarding that. Thanks for your response.
PS...Do you spread trade etfs? Interesting area if so.
are you using daily or intraday data?
how are you coding/backtesting market profile to determine these key levels?
Gann and fibb is a waste of time, don't test that crap (in my opinion, but if it works for you more power)
I do spread trade etfs. Been focusing my attention on index arbitrage lately tho