Short 100.12 cover 99.62. Lot of levels here. Weekly pivot 99.54 along with daily pivot high @99.48, yesterday close of 99.40, 99.20 daily pivot etc..
Final chart of the day 01-26-2012. Sharing these set ups in the SPIRIT of my trader friend who showed me these set ups without any EXPECTATIONS. He tells me he did learned a lot while showing me what he knows. Premise of the day was based off: Market did not answer the CALL after 30 minutes of trading. If it does not go up, it must come down.
Great Trading Man! Keep it up! Some advertising for the below thread. If anyone wants to contribute! http://www.elitetrader.com/vb/showthread.php?s=&threadid=235310
Finally a nice range expansion day in the ES. Twenty handles off the failed A up and 10 handles through the confirmed A down.
I got a PM that I am making trading look so easy (lol). He/She thinks my levels SEEMS to GOOD to be TRUE. I do not know how to respond to this but I will try. Today turned out to be an EXCEPTIONAL DAY. Some days you are just in the ZONE. I do work very HARD to identify Support/resistance. I subscribe to MF daily service, i look at lot of charts - just crude though. I do not want my attention to be diverted. After all this, i do get stopped out 3-4 times a day. Plus I have been trading crude exclusively for little more than a year. There is nothing SECRET about my trading beyond what is shown in MF book and Jim Dalton Book. To top it off, i have about 5,000 hours of screen time just trading CRUDE ( SIM and LIVE). I hope it answers your question. Attached is another chart for traders with mathematical inclination courtesy of a friend. I do not understand 1/2 things on her chart as it does not fit my personality but i trust her work along with MF work. She also had 99.25 as KEY level. http://screencast.com/t/ars4JZ0n