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
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
ES thanks very much for your leadership and vast contribution to this thread. Ive really enjoyed reading it. Maybe i missed a discussion on this but i was curious weather or not you took pre/post market data into account (for highs, lows) in your pivot calcs Also, may have missed a discussion on this but im keen to start one up again anyway: I have gotten chopped up alot in the past few weeks trading the pivots, it seems like the market liked em' on dec 2 and then didnt care dec 3 for example. I try to use the trin, ticks, volume and sometimes a 12 period momentum oscillator to determine the likelihood of a bounce vs a penetration of a level. Lately ive had some success fading the bounces off of r 1 and 2 but have been stopped out a good deal of the time. what i think will be a bounce off of r1 turns out to be a strong penetration. Given your aversion to indicators, what methods do you use to determine weather a pivot touch is going to be a bounce off or a strong penetration through?
Hi everyone Todays Levels are based upon the March contract and not the December one, my apologies for forgetting to change that.
Hi Thanks, I hope it has helped you. My levels and the pivots are based upon 24hr data. You've mentioned r1 so that makes me think you are using the numbers in the "pivots" column, please correct me if I am wrong. The numbers I use are the S/R numbers in the black column, the pivots s1, r1 etc are for confluence only. I also change/add new levels in the trading day as new levels emerge. I manage my entry using the BB extreme and $tick BB extreme. I watch the action of price when it hits these extremes, at the peak has the momentum slowed? With enough practice you can "see" the bulls overwhelm the bears and vice versa. However as you have noted in the current environment breakouts seem to be very prevalent, much more than pre September. Also the "area" I have around my levels has increased dramatically to 2 points. These are volatile times. Some members of this little group are having some success with trading "blocks" at the S/R areas. I dont know too much about it but its something I hope to look into. Ian (xburbx) is the man to help with that. Any further questions do let me know.
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
What do you do when a trade fails and you get stopped out? In this case you are likely to get even greater extremes on your $tick and BB. Do you look for a re-entry? Or do you walk away and wait for a new setup only after the market has calmed down?
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
Sometimes I do reenter and sometimes I walk away, it really depends upon the volatility in the market at the time and trend strength. If I am counter a strong trend and get blown out I tend to walk away and look for a trend entry using dynamic S/R