The ER2 Trading Journal

I think he has learned how to use QT fibs and is having fun...

Sure can't trade futures with Scottytrade as far as I know of...

 

Today's trading levels:

Pivot: 665.60

S1: 663.90
S2: 661.70

R1: 667.80
R2:669.60
R3: 671.70


Trading range based on market profile:

POC: 666.70
TOP: 674
Lower: 663.50, 655.10, 654.40


Trading range based on fib retracements and extensions:

674
671.10
670.20
*** 668.30 ***
667.30
666.20
664.50
663.50

 

Updated levels:

 

hi,

just a question, my pivot for ER2 today is 667,90 1st supp is 665,80? which hi/lows did you calculate?

thanks,

gerry_trader

 

Support and resistence updates:

 

The program automatically calculate the pivot. It updates automatically during the day. High is 670.3 and low is 664.1 Right now I still have 669 as the pivot, doesn't looks right.



I also use other indicators (support/resistenece) when it is trading below the S #s and pivot.

 

Support/resistence update (through market profile):

 

Divergence:

 

38% retracement is 666.5

 

Pulling back from 38% retracement and broke that small bullish trading channel: