We had some textbook market profile S/R levels trading today for the ES. Here was how the later part of the day played out.......(1336.50 and 1340.00 were MP levels for today). First bounce off 1336.50...... http://www.charthub.com/images/2006/09/25/ES_317_VB_17.png Second time at 1336.50 blasts through with huge positive delta......... http://www.charthub.com/images/2006/09/25/ES_317_VB_18.png 1336.50 now acts as support........ http://www.charthub.com/images/2006/09/25/ES_317_VB_19.png 1340.00 is now resistance.......... http://www.charthub.com/images/2006/09/25/ES_317_VB_20.png After 1340.00 fails to break, where do we trade back to??? http://www.charthub.com/images/2006/09/25/ES_317_VB_21.png YES...1336.50........that was textbook MP today............. http://www.charthub.com/images/2006/09/25/ES_317_VB_16.png
I was training a friend of mine so I was tied up....we had a real good day. I will go back and see what happened to your trade here in the thread. Did you get caught in the equities funds "end of qtr" clean-up games....:eek: ?
\ I was long at 1334.50 it went up to 1336 and reversed on me. Then I took a long at 1335 and got 2.5 points on it to make me breakeven plus some commission money.
..lol.......gary, u r truly rare guy on these freak forums....u r honest and have proven that over and over......be good and thanks for the patience and endurance.........porgie....
Yes, that is why I trade like I do. If a trade fails I like to be able to breakeven on the next trade. So far I have had only 3 days where I lost 2 trades in a day. That does not mean I have only had 3 losing days though.
No....Tim is his name. tq - Now please put the Capt Morgan bottle down and step away for your own safety.....LOL!
okay spillars, will do....thanks for the good advice....by the way i did see Captain Kidd last night, one of my many netflix movies.