P.S., ESResistance knows what's up!! You brits enjoy your snowstorm! I think we're headed for an early spring in Chicago. Best wishes. P.P.S., you're a good man for sharing these key levels with everyone. Like me you have empathy. Happy trading!
No worries happy to help, Thats a monster trade you're holding there. There was good S/R in that area historically nice take.
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
Hi ESR, After a long break from daytrading, I've began monitoring ES lately and I have a few questions about your pivots and I hope you can share a bit of your process with me. 1. When do you move pivots? I ask because I've been trying to apply the same concept to other futures that I trade such as Gold & Euro. Let's say I pick a S/R line at say 900. Then let's say a few days later the hourly bars close above 900 but leaves a long needle that stretches up to say 910. Do I "move" the pivot from 900 to 910? I ask because I have observed this many times and at first I didn't move them but now I think it's better. Because the 3rd time this level is tested the price will go up to 910, completely ignoring 900. 2. Why do you sometimes have two pivots very close? Like 900-902? Thanks for providing the daily pivots. I watch in amazement as advances will stop exactly at the pivot and then pull back. It has helped add a level of certainty to my current toolset.
Hey Cunparis Good to have you back, I was wondering were you were... 1. I look at the most recent levels. If a level is not as clear anymore I take it off my list, the most recent data is key. Remember you want the level to be obvious. 2. Sometimes I spot 2 good looking levels very close to each other, and it becomes tough to choose which is better, so I post both because essentially we are looking for a set up to enter our trade not just the number. Hope that helps. ESR
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
Sometimes I find price reacts to the pivot and then maybe a few days later it'll drive through it but stop a few points higher. Let's say pivot is at 900. Price reacts to this and turns back and then maybe continues through. A few days later price doesn't react to 900 but to 910. Should I add a new pivot at 910 or move the one from 900 to 910? Thanks for the clarifications.