Entry method to confirm support/resistance

Discussion in 'Index Futures' started by RickW00716, Feb 11, 2013.

  1. I am trying to find a good entry method to confirm my support/resistance lines I create on my charts.
    The levels are fairly accurate(no holy grail) when price stalls around them.

    My first set of levels on todays Mar 13 emini S&P were

    Resistance: 1573.69
    Support:(at the time it was hit):1510.18.

    These are not numbers that are blindly sold against...there needs to be confirmation, and thats where I'm having trouble.

    Ideally it would be great to enter as close to the support/resistance areas as possible or even on a retracement to close to the area.

    Has anyone ever tried Volume Spread Analysis on short time frames? ie. 1 or 2 minutes?

    The bands also move as the day goes on.

    The resistance the next time the band was hit was 1514.22

    By the way, it's no secret formula for these bands and if anyone is interested, I'll post here exactly how I come up with them.