I think entries were 10:42 12:03 13:47 est This isn't a push button system, you still need to read the mkt and be careful. It's main job is to keep you out of garbage, and on the right side in a good move. You try to get long above the ma and short below it, and you try to buy support and sell resistance, it's that simple. Friday was an easy trending day. Most days are minefields. I've traded on a stop above resistance and on a pullback to the ma. The stop consistently makes more money, but the pullback almost always gives you at least one tick to cover commish. It's just a way of looking at the market. Maybe you will find something in there you can use. As a matter of fact, I think it was you who got me thinking this way.
the example at 12:03 is a better idea of how it usually goes. at noon est support is pegged at 880.25 when prices on 1 min chrt cross above 30 sma. then prices break down sharply, and ma starts to pull away from support. I get short at 879.25 at the ask they try to drive it down but can't do it, so I get the heck out of there by hitting the buy bid hotkey at 879.00 for one tick. When it goes good, like later in the day at 13:47 at 878, prices break and just keep going. Both times either way, there wasn't a bit of support all the way down. You just never know about those bulls. They'll step in at anytime for no reason. But at least I'm short where there is no reason to be long.
Okay...I think I see what you're saying. It looks like we might have had four or five good shorts on the way down shorting resistance of the 30 ema, as well.
well, one more then you're on your own. I'll skip the little stuff 12/30 est 10:36 price breaks below 30 sma so resistance is drawn at 875.25 11:20 a wide belt forms everytime prices cross ma in the 871-872 area 11:57 ma pulls away from support and I get long at 872.75 price pulls back and I think "Oh no" then the break up to the only thing in site, my line at 875.25 price hits 875 and I hit sell mkt and get filled at 875 now mkt is in a no trade zone all the way from 875.50 down to 870.50, nothing can make me trade until 30 sma breaks above or below those numbers. Here's to a profitable New Year