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

    Pivots calculated from yesterday's RTH HLC: R2 = 902.50 R1 = 894.00 PP = 887.00 S1 = 878.50 S2 = 871.50 We had 2 bounces off of 887 around 3am and 4am EST (the 2nd one got some heat). There was a 3rd bounce around 8am from 886 which went to within 1 tick of 878.50(S1) around 8:30am...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Thanks for that, will try it . . . to clarify, when you say weekly and monthly H/L, you're referring to RTH or also globex? I've been using RTH to calculate the pivots, and I notice that you usually get a 1-2pt bounce when you get to the [near] R or S levels. In situations where the market...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Does anyone know whether floor traders use H, L, & C from RTH only or a 24-hr session? If the latter, then what are the start and end times?
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    ProfLogic's Method

    Not sure why you say that . . . my chart looks exactly like the one Jander posted . . . if you believe I have something wrong, post it here or PM me . . .
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    ProfLogic's Method

    2012 is a genius . . . :eek:
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    ProfLogic's Method

    I was just thinking that it is so nice to have price being your friend rather than the enemy that we "need to beat" . . . I'm very new to this (2-3mths hard core), but I'll be eternally grateful to Prof for: a) showing us how volume bars are the purest form of making sense of price, and...
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    ProfLogic's Method

    Yup, but took 2 tries . . . both winners, 1st small winner (will pay for the commissions). . . 2nd a nice runner . . . And immediately after that runner was stopped out you had another 2 pointer PPF LH . . .
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    ProfLogic's Method

    Hey Oracle . . . the method is actually quite simple . . . don't try to complicate it . . . Will you be frustrated b/c a perfect trade set-up resulted in nothing substantial to your P&L? Yes! Just wait for the next one . . . Are you going to catch each and every large swing? No! Are you...
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    ProfLogic's Method

    You can do this for good measure, but after a while, as I think Prof will likely attest, you're likely not going to need the entry chart . . . for me, this is true as long as you are using the "gamer's combo" . . .
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    ProfLogic's Method

    I've had a lot of "free time" lately and I have only 2 points to make: 1. Prof rocks . . . 2. For anyone who hasn't read this book, get a hold of it . . . it has many revalations for life, for the distracters, warning signs of those not willing to work and the basic lice of [work/progress]...
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    ProfLogic's Method

    Gotcha!
  12. I

    ProfLogic's Method

    Those shorts are on the 16807? 1:00pm EST was a Breach HH 825.25, no? The 3:47pm one was PPF LH but towards PPF HL 811.75? Also histo didn't seem to be in prime and was below zero anyway . . . Is there something wrong with my charts?
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    ProfLogic's Method

    I'm probably missing something . . . in today's 16807 chart, starting 9:30 EST, I only had Breach HH 821.75 followed by PPF HL 811, then a Breach HH 825.25 then a PPF HL 811.75 . . . Prof/anyone, could you clarify?
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    ProfLogic's Method

    You are using the 343 as your decision chart?? That is a very fast chart . . . you're likely not going to be able to execute on this chart . . . IMHO . . . Just a note of principal, if this is indeed your decision chart then your labels would come from the 49cvb ERG and therefore it is not...
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    ProfLogic's Method

    I'm getting happier each day . . . I've moved from moderate to quite good success in trading in the past 2 weeks or so . . . I've been at this for nearly 2months now . . . Prof was right, you need patience and screen time to get a real feel for price action . . . that along with following...
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    ProfLogic's Method

    Thank You Jander, I appreciate your honesty. Prof does have some really good stuff but as he would say, most of us noobs are so trigger hungry, that we are not willing to be patient enough . . . I wish Prof had some rules on how to be patient . . .
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    ProfLogic's Method

    Are you actually trading the "method"? . . anyway just kidin . . . regardless of method, your trades made you money . . . kudos . . . A lot of your trades are imperfect (ie not even "near perfect"), are you combining some other method? Also your entries seem to be perfect . . . I think I...
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    ProfLogic's Method

    I'm still a student and therefore I post this question at the risk of being spanked by Prof . . . I've noticed that on many occassions when you have a trade PPF trade towards a breach (classic perfect trade) and then price fails to breach previous Breach and instead makes another PPF, it...
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    ProfLogic's Method

    Whisky, for those of us just starting out . . . what are some of the lessons we should focus on in trying to differentiate between your (a) and (b) above? The only thing I can think of is divergent/convergent histo/ERG on the entry chart? But since I'm a real novice (yet) . . . I'd like to...
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    ProfLogic's Method

    743.50 at around 15:50 was a breach HH on my 2401, so no short for me . . . Yours was a PPF?
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