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
Once again ES your S/R numbers are right on. I have to ask you a question. I am sure it has been covered in the thread. Do you trade the forex? Also, why do you prefer to trade the e-mini S&P? Anyway thank you for your time and your effort it is all greatly appreciated.
Yes some good moves, and we even got the low of the day. I had finished trading by then, but well done to those who took it. I do trade some fx but mainly swing trading. When I trade fx I only use levels that have been used as Support AND Resistance historically. For day trading i prefer the ES as it adheres to S/R better than fx intraday, atleast that has been my experience anyway. In the future I may decide to create levels for fx swing trading in a similar way to what I do now. I am sure they would help my thinking also. Will keep you posted on how that goes.
I agree about indicators... i only use fibs and elliott waves...but for trading trends they are usefull i think... i think the most important thing a trader must dominate is reading the mini s&p depth... have the levels, see if you get huge bids or offers on your levels and feel the market.... market is psycology..fear and greed and this cant be measured with rsi nor macd!!! thanks to everyone!!
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
Been watching your levels all week, they are very useful when combined with my own methods. I am only trading the YM live at present as I only have delayed data for the ES, however as soon as I get round to it I'm going to get ES live data. I've noticed that almost every day I would have had a trade in the pre market hours including a shorts at 1255 and 1430 CET today so its great to get your e mails in the morning. Thanks again for posting these.
Im glad they help : ) Its amazing how a couple of straight lines can be so valuable. Well done to everyone who caught the bottom yday using the 812.50 level. Some of you made some amazing mula! Appreciate your emails.
ES your numbers are right on again. Couple of questions for you. Are you using bollinger band extremes for both price and the TICK? Can someone please help me find or tell me where to go get the TICK on Ninjatrader? I know they have it I just cannot find where it is. Thanks for you help in advance and keep up the good work. One more question. I am sure you heard this question before but I must ask. Are most of your trades countertrend? Thanks again
In order to get the TICK you need to check with your broker. The symbol on NT for me is ^TICK. Just a note that I found important today in regards to ESR's trading style. I went back through Fridays data and found 17 playable trades with this style that included a TICK extreme. I found 4 that could have been false signals. If managed properly, that is a very high win/loss ratio. It is about 78%. This is not including premarket trades, but does include an intraday line I chose and direct plays of the .5 fib and PP that I put lines up for. Either way, very strong. Im also going to post some trades I take of this style and post on youtube.