Indicators are liars! Support and Resistance Trading for the S&P emini

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade.

Good trading all

 

I would like to make it clear that I dont place much weight on the pivots by themselves, I only use them as confluence.

STANDARD (CLASSIC)
R4 = R3 + RANGE (same as: PP + RANGE * 3)
R3 = R2 + RANGE (same as: PP + RANGE * 2)
R2 = PP + RANGE
R1 = (2 * PP) - LOW
PP = (HIGH + LOW + CLOSE) / 3
S1 = (2 * PP) - HIGH
S2 = PP - RANGE
S3 = S2 - RANGE (same as: PP - RANGE * 2)
S4 = S3 - RANGE (same as: PP - RANGE * 3)

CAMARILLA
R4 = C + RANGE * 1.1/2
R3 = C + RANGE * 1.1/4
R2 = C + RANGE * 1.1/6
R1 = C + RANGE * 1.1/12
PP = (HIGH + LOW + CLOSE) / 3
S1 = C - RANGE * 1.1/12
S2 = C - RANGE * 1.1/6
S3 = C - RANGE * 1.1/4
S4 = C - RANGE * 1.1/2

DEMARK

The value of X in the formula below depends on where the Close of the market is.

If Close < Open then X = (H + (L * 2) + C)

If Close > Open then X = ((H * 2) + L + C)

If Close = Open then X = (H + L + (C * 2))

R1 = X / 2 - L
PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)
S1 = X / 2 - H

 

http://www.acetraders.net/

 

http://www.mypivots.com/dn/

 

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade.

Good trading all

 

Where have the volume density numbers gone?

 

You guys like those?

If there is demand for it I will put them back on. If atleast 3 people post saying they want it.

 

How are you guys finding using the sheet? IS there too much information?

Is everything pretty clear?

Do you think you need a user guide?

Let me know how you feel about the worksheet

 

I would recommend it. Volume works well, when you know how to use it. If it didn't Market Profile wouldn't.

 

I just dont want the sheet to be too cluttered and unuser friendly. If people are using the info, I am more than happy to post.