OK, now I got you. Yes, of course determining support and resistance can be determined in many ways. It is also dependent on your point of reference. If you are scalping on say a 5 min chart -- then support and resistance points will be different if you are trading a swing trade. I always use 3 charts. For scalping, I use a 30min, 15 and 30-minute charts. Now some like for example Tom Sosnoff will just draw a horizontal line across Highs and another line across lows -- forming a channel. Others use Pivot Points. Some use Fibonacci ratios, It goes on and on. Whatever works consistently for you is the method you should adopt. The proof is that if you can easily find those support and resistance points and you see that the method you chose to find them is consistently right then you found the best way for you. "Easy" means that (1) the points you pick respond to the market you are trading. (2) In other words, the price moves "obey" or respects those points. Some markets are easier than others to determine reliable support and resistance for me I find CL -- support and resistance do respect the levels I can quickly find on any time frame.
Buy1Sell2 I see that you have hidden your profile page on E.T. That, of course, is your choice. I looked for it to determine why you keep just posting "??????" Specifically, what is it that you don't understand, I post here to really try to sincerely answer the OP's questions and try to post meaningful answers. In that regard, if you or others do not understand my posts, I am anxious to benefit from your suggestions and or corrections. Please help. Are others on this thread having trouble with my language, explanations, or whatever please tell me as I do not want to just be a meaningless poster. Which I note is quite prevalent here on E.T. As gotcha frequently points out they maybe "trollers". Not sure what that means, but guess it is of importance to identify the "trollers".
Buy1Sell2 I do note that you have posted 14,175 posts. So not sure what that means --but guess it is because you have a lot to contribute. So ??????
Here's some interesting data on Crude range ... please note this is for the whole 23 hour session... I could not locate for Chicago time frame only...these number look very workable... today was $.70 for the regular CHI time frame 0830 - 1320 and $.95 for the whole 23 hours Range Avr 10 yr $2.346 Avr12 Mo $1.352 Avr 2017 $1.235
Because the world changes so much over 10 years, I think looking at current implied ATM vol works better, as we are talking about DT. CL-Sept 2017 ~29.50 CL-Oct 2017 ~29.15 Much higher than ES. Bob
I guess if one is a critical and careful reader -- one can find value in being on E.T. (I often have thought that message boards are generally a "GWOT -- Great Waste Of Time."