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. xburbx

    xburbx

    Anyone know when ESR is getting back?
     
    #761     Nov 20, 2008
  2. Dunno mate.

    If he's in Vegas on 'business', the traders expo finishes tomorrow (Saturday).... if he's there on vacation, maybe he's got lucky on the tables and decided to stay...... :D
     
    #762     Nov 20, 2008
  3. I'm baccccccck! Wild few days!

    Both in the market and Vegas :D
     
    #763     Nov 21, 2008
  4. 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
     
    #764     Nov 21, 2008
  5. xburbx

    xburbx

    ahhh vegas. being engaged and in vegas really tests your "discipline". that place is wild. 3 days was all I could handle. no clue what 7 days would have done. i would have been broke and without a girlfriend. welcome back and i'm sure your pm box is probably overloaded
     
    #765     Nov 21, 2008
  6. 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
     
    #766     Nov 24, 2008
  7. xburbx

    xburbx

    Anyone take any trades this morning?
     
    #767     Nov 24, 2008
  8. xburbx

    xburbx

    I took the trade at 11:28. Saw price slow and it wasnt able to break R line. Is this the best kind of price movement to trade in? Price was consolidating for a while and wasnt very volatile.
     
    #768     Nov 24, 2008
  9. xburbx

    xburbx

    Also saw price slow at 13:31 and entered at 836.50 2 min later. Not sure if it was a good trade, but did show some profit and got out because price didnt move in my direction very quickly. Wondering if it was a good trade. It was 2.25 pnts away from R line so it was marginal.

    Note : It seems much easier to make these trades when the market isnt so crazy. Did anyone else find that today it was slower and more predictable?
     
    #769     Nov 24, 2008
  10. xburbx

    xburbx

    Took a trade at 14:00 after adjusting the days R line up because it had been broken about 2 hrs earlier. Got 5.25 pnts and exited. Could have made more but it hit the target of a 1:2. Looked like a good move. Took 1 tick of heat. I believe I got lucky on the last trade in the prior post because I should have adjusted the R line sooner. Could have collected over 9pnts + if I let it run further

    Sidenote :

    I am attaching 2 pictures trying to make note on the type of overall price movement that this trade strat works best in. I am not sure if my observation is correct, but when the market isnt going crazy like in the first picture, it seems to work better. In the second picture, it seems like it might be too volatile to trust eh S/R lines. Hopefully someone can offer insight.
     
    #770     Nov 24, 2008
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