S&P daily pivots and break-down & up Targets

Discussion in 'Trading' started by joeb8822, Jun 30, 2008.

  1. Great thanks. I must of missed that during my prep work.

    Had 1212 & 1208 somehow missed 1216.

     
    #1181     Jan 11, 2009
  2. Hi JB,

    I came across your forum this w/e and was amazed by your daily pivots. Some of them are close to those which I use to use... PPs, Value Areas and Opening Range 30 min... but others are totally differents.

    I don't know if you can disclose your secrets, but I would be glad to learn from you and share my daily PPs to improve trading results.

    Thanks and have a good trading day.

    IT
     
    #1182     Jan 12, 2009
  3. I do all the levels by hand, I do not use any calc, or System

    However I do have a system for the intraday levels

    That is what I call the Balance Chart
    this is on the open, Notice the target levels on the chart
     
    #1183     Jan 12, 2009
  4. 1st Target hit on Balance
     
    #1184     Jan 12, 2009
  5. Second Target Hit

    The second target was 869 on Balance Chart

    you can see above pic was taken just after open
     
    #1185     Jan 12, 2009
  6. This is the daily targets and pivot levels looking for 864
    so 867.50 for low

    We shal see what the market will bring :D :D :D :D

    This is why I use Both my daily levels and the Balance Chart

    JB
     
    #1186     Jan 12, 2009
  7. Got it and yeah that's goood stuff. Helps a lot!

    I an still holding 1ES for the 864.5 & 858.75 target utilizing rolling stop and checking for lower lows, etc.

    :)

    I waited to see the first 15 minute and first hour high and low (kinda after the fact) to determine my bias and target.

    Do you place trades in your room before this?

    p$
     
    #1187     Jan 12, 2009
  8. This is what I look for ! and yes the room was looking short
     
    #1188     Jan 12, 2009
  9. scorps10

    scorps10

    JB,

    I'm new to this thread and want to say you're levels are great and right on. I trade on an intraday basis. After having your levels (I.e for the S&P) what is your timing on entering the trade? I seem to have a good feel of where the market might go but my timing can be off at times.

    For example, today, I was looking for a short on the S&P but I just couldn't quite find a moment to enter.

    Thanks,
    Chad
     
    #1189     Jan 12, 2009
  10. you have to look for areas of resistance look for the 34 or 200 ema on 1 min chart, 1st hour low today was 874 Time of Day is really big as well

    I will post some pic and what we look for
     
    #1190     Jan 12, 2009