lol I was just using it as an example for the question posed I wanted to make clear that I did NOT take this trade due to news/lack of set up. However in answer to the question posed I used that area as an example There are some great people on this forum and on the flip side to that coin their are some very cynical individuals here too. I am simply trying to help people gain an insight as to how simple trading can be. Am I fighting a losing battle?
in for later. im posting from my phone now. next week when i have internet in my condo i will post pics and questions and stuff relevent to this discussion... especially with regad to POC, VAH and VAL, if the thread is still going on.
ES, you have to ignore the cynics..please keep posting those s/r levels and providing the knowledge that you've been providing. It's been very informative for me..Thanks.
I am having a think about that at the moment, I have 2 main set ups I use, I am going to take some time to document these for everyone in the future. But for the moment lets focus on the CORE which is support and resistance. I am hoping in future to extend my ideas and levels to other instruments so that the largest number of people can benefit. EDIT: Regarding how I define my levels, if everyone just took a moment to google "support and resistance" all will be clear. http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistance Is an example. I dont use any fancy mathematics, algorithms, astrology, tea leaves or palmistry. I very simply draw a straight line at bottoms/tops and wicks
Yes...I understand. Therefore, how your deriving your s/r levels (math formula, visualization)??? They seem math derived. Mark
I consider that to be using visualization to identify swing points or reaction highs/lows based upon your provided example only... No fancy math stuff...keeping it simple. Thank you. Mark
ES Seventeen pages by my count before the knee trembling accusation of "paper trader" was tabled. Probably not quite a world record for ET but all in all a personal best for you no doubt. regards f9
ES Well you could always start another thread and a few of the ETers here could form a peloton and draft you through to eighteen or more pages and on to an assault on the world record. I am sure you cant be too far off it regards f9