Recent content by Preacher Man

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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Dunno mate. If he's in Vegas on 'business', the traders expo finishes tomorrow (Saturday).... if he's there on vacation, maybe he's got lucky on the tables and decided to stay...... :D
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Deep, man... real deep....... Got me thinking..... If a loptop in the middle of a huge forrest is showing a chart of the ES with an indicator showing a buy signal... but there's no-one there to see it... is it really indicating anything at all..? Sleep deprivation is a terrible thing :) :p :D
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    You're welcome m8 :) Wow... that sounds real complicated. I don't put as much energy into it as you (refer to my signature line) - I like to keep it simple and clear. Just like ESR has said a few times... keep it simple and look for the obvious points that everyone else can see. If you...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    G'day Barbeque x2 Here's the best (IMHO) market profile site: http://www.mypivots.com/forum/topic.asp?TOPIC_ID=3319&whichpage=4 The rest of this site is worth looking through - there's a lot of excellent stuff there. There is a way to merge daily MP figures to give longer range MP, but I...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    G'day JSSPMK Not necessarily..... for the title to be valid, S/R could actually be included in the statement, "Indicators are liars". It just so happens that, based on experience, the contributors to this thread (including the OP) have found that S/R levels 'lie' less than most other...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Looks good to me mate. FWIW, I've attached my own worksheet... obviously my S/R levels are personally picked, but all the other figures look right. Strangely enough, I always have my 'close' 1 tick different to yours, but all other figures always match :confused: As for the layout, it's...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Goodonya ESR, your dedication is to be commended! :) So... is this trip to Vegas business or pleasure? Are you at the traders expo? Have fun either way, Preach.
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Got to turn in - it's Friday morning here already :eek: Hopefully you good people will have fixed my $tick chart by the time I wake. Blesh y'all :)
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Hey Verdo, Thanks - that's a huge improvement and makes it more 'readable', but the problem is that I've still got (almost) every candle spiking past the BBs - both upper and lower (BBs based on ESR's recommended setup)... whereas ESR's $tick chart was altogether 'smoother'. Thanks for...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Mate, I've been putting in some crazy hours at work... which is why I need to get real good at this, real quick..!! Good enough to be confident in it as my primary income! Whilst I'm here, you can answer a question for me if you would be so kind: your tick chart does what it is supposed to...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    G'day ESR Very interested to see your addition of the SMA - good potential for S/R in these areas. I am curious as to your basis for arriving at the SMA values... I've calculated based on closing price, average of high/low/close, etc, and do not get the exact same figures as you (whereas...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    G'day ESR Thanks for the fancy new worksheet.... very flash! :D I'm off to have a good look at the new improved version. Catchya later, Preach
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Interesting... I've been looking at constant volume. Why do you prefer constant volume over time-based charts? When you say that you create your charts fractally, do you use a lower volume during the overnight and higher during the day session, or do you amend during the day depending on the...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Hey Prof, I'm at the other side of this great country - just south of Perth. Hope you had a great time here and hope you were made to feel at home! BTW, the support you noted at 955.50 was very solid. I'm curious to know if you picked any of today's S/R levels based on previous trading...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    G'day Prof, howyagoin? One's interpretation of S/R levels is dependent on the timescale of the charts you are watching. The approach being discussed on this thread involves a 1-day chart showing 1-minute bars. On this basis, xburbx's level of 953.25 (or 953.50 as per his question) acted as...
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