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

Discussion in 'Index Futures' started by ESResistance, Sep 3, 2008.

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  1. Wait, so how often do you go through and update via 1 and 4 hour charts?

    I was noticing, that when I was throwing up your levels this morning, that many of them are the same. But 1 or two of them had changed by a few ticks.

    So do you have a collection of levels, and you just use those levels depending on were price is? Updating daily?
     
    #331     Sep 18, 2008
  2. Nice share bars.
     
    #332     Sep 18, 2008
  3. Yep pretty much. I adjust my levels to try and document the areas with the highest probability, sometimes I make little adjustments to improve my probabilities.
     
    #333     Sep 19, 2008
  4. Hi everyone

    Please find attached todays levels.

    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
     
    #334     Sep 19, 2008
  5. Whats going on?

    My prices have been paused at 68.00 for over 10 mins now.

    Market too hot and they shut it down?

    Never seen anything like this.
     
    #335     Sep 19, 2008
  6. verdo

    verdo

    hello es

    market up limit
     
    #336     Sep 19, 2008
  7. Don't you love a manipulated market . . . infuse capital to "save ourselves", ban short selling and finally limit the rally they caused . . .:D :D
     
    #337     Sep 19, 2008
  8. Well you learn something new everyday... I didnt know their was an up limit, only a down limit.

    Just as a I wrote that... Ransquawk just announced that their is a limit up ONLY in the overnight session.

    Interesting times...
     
    #338     Sep 19, 2008
  9. Whats funny is that we are supposed to be in a "free market". The very ideal that Capitalism is based upon.

    This is almost Socialism lol.
     
    #339     Sep 19, 2008
  10. Yup, just like support and resistance are fixed and real points that are only relative to single chart entities not general areas where tops and bottoms are created.

    Learn something new everyday . . .
     
    #340     Sep 19, 2008
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