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. Nice trade . . .
     
    #791     Nov 26, 2008
  2. xburbx

    xburbx

    Thank you. I just got finished reading your thread Prof. Your stuff is pretty intense. Trying to get my head around it
     
    #792     Nov 26, 2008
  3. It's really pretty simple but just different. It's so objective that people naturally try to complicate it. I'm posting all the rules later in there.
     
    #793     Nov 26, 2008
  4. xburbx

    xburbx

    ESR, did you take the trade at 13:07? That third bar bar after the showing of price showing went above the first initial bar that came out of the band. I thought it was going to proceed up to the 874 line, but after another tic towards it, it showed 5pnts profit. Would you have stayed in or gotten out?
     
    #794     Nov 26, 2008
  5. Very pretty Ian, you are getting it.
     
    #795     Nov 27, 2008
  6. I did mess around with a few things. I found it gave me too much to look at and delayed my thinking. I'm a simple trader, I draw straight lines for a living. I will continue to investigate it though.
    Oh and P.s. will respond to your email as soon as I have the time to, to devote the attention it needs, so dont think i have forgotten about it : )
     
    #796     Nov 27, 2008
  7. xburbx

    xburbx

    Great and thanks. I tried a NT script with a bid/ask and it seemed interesting, but I couldnt find any patterns with the setups. I was also thinking that the email I sent might be a good one to post on the site. It probably answers a lot of other peoples questions and you wouldnt have to answer twice. Just a thought.
     
    #797     Nov 27, 2008
  8. Hi everyone

    Hope everyone had a great thanksgiving!

    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
     
    #798     Nov 28, 2008
  9. Thread reinstated and bumped..
     
    #799     Nov 29, 2008
  10. hank1933

    hank1933

    This thread that was started by ESR is great. I was away and recently came to catch up on this thread. Can someone explain to me what you mean by "dynamic" s/r. I must of missed the discussion on this. Second, I noticed that some of the charts that was posted here is on the ninja trader charts. I am thinking about going with them in the begining of the new year. I am planning on Nt/Zen with Mirus. I only trade futures, intra only and I do not use any indicators. If any of you traders are currently or have used it in the past, I would really appreciate any comments on the NT/ZEn and the broker Mirus.
    Thank u
    Hen
     
    #800     Nov 29, 2008
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