Recent content by YMZ

Try www.programtrading.com

Do they change...sure but not fast enough for the s/r levels we are looking at from yesterday or the day before to be adversely affected. Your can only consider so many data points in making each trading decision and I don't think taking the erosion of premium over time into account is worth...

I would disagree...although I may be wrong. Futures are futures...cash market is cash market. I think that trading off just the s/r levels for the current contract works just fine. If you are attempting index arb (which none of us would be anyways) the premium levels would be of concern to us...

As the insults start flying this thread will become like so many of the others on ET. Why don't we nip it in the bud right now? For a business where you have to accept being wrong so frequently, we would all do so well to carry that through to our personal lives as well. It really does not...

I believe Romik pointed this out earlier using RSI for those of us who were getting long on the breakout to new highs. You can see also on the MACD the divergence as we pushed to new highs indicating that maybe there would not be much follow through. I guess the question is....can one still take...

1 min chart for above post

Small loss today. I was long from 11413 (thick green line)with an initial stop at 11393. You can see on the 1min chart where we consolidated as the longs and shorts decided who was going to come out the winner. Once I entered I began moving my stop up slowly to reduce risk. I eventually moved my...

4re, I have been working on looking at the areas where support or resistance might come in and then comparing them to the charts you have posted for ES. I would say I am relying on the levels you post for ES more than anything else...the correlation is so high that the patterns are basically...

1 min chart for above post

OK... I was not able to post yesterday but here is how things worked out for today. The 15min chart shows the sell zone (thick red line) along with the entry and exit points. The 1 min chart shows the brief consolidation in the sell zone before the push lower. The entry was not bad...

Thanks 4re....that sounds great. I hope that by posting my trades and thoughts people will be able to learn from the things I do right or wrong. With that in mind, I have attached a chart of my first trade as follows: The blue line is the monthly pivot which we have been trading around for a...

As a new member to ET I have begun reading through this thread and have been really impressed with how genuine and helpful the posts seem to be. I suspect that there are many readers who have an interest in trading breakout and S/R but who choose not to post here. I also believe many people give...