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  1. X

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

    ESR shot me an overview of his superdom. He said it varies, but the general setup he sent was . target 1 - 8 stop 6 profit target 2 - 8 stop 16 profit target 3 - 8 stop 0 profit Im just getting used to it and it actually makes a lot of sense once you see it in action and think about...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    I try to mimic ESR's style and he trades off of a 1 min chart. I placed a limit order and it automatically puts a stop 8 ticks from entry if it hits my price.
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    ESR This trade came up today and I am trying to figure out if this was a good trade. I know you wrote that when a S/R line is hit and then price approaches it again in a short period of time it reduces the chance of it holding. I am trying to determine what the acceptable time frame is. As...
  4. X

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

    Had an S/R line at 985 which lined up with .5 fib. Price approached it very quickly at 9:34 and it was outside of the BB. I was hesitant to place the trade because of how quickly it was heading to the line but I gambled that the support would hold because of the strength. It turned out to be...
  5. X

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

    So will you use the fibs, s1 etc as a zone with your own S/R line and then look for things like extremes outside the BB for a setup in that zone? Or do you just plot your 1 S/R line and look to react only to that line?
  6. X

    ES Journal - Support/Resistance - From scratch

    I am still working on getting my money management down. I have 3k in my sim account and during the market hours in the ES I trade the following. 5 tick stop loss @ 3ticks profit stop moves to -5 profit @ 6ticks profit stop moves to -3 profit @ 10ticks profit , stop moves to -4 profit...
  7. X

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

    It seems like the S/R levels seem to set themselves in short time frames within the designated zones and then trades can be made of of that by timing a BB extreme. not sure if i am off base
  8. X

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

    Would this 64.25 area be an example of the last post you just had? An area that passed over my S line and as you can see in the pic, it already bounced off of 64.25 creating the S in that zone which has the .5 fib at 62 and the PP at 63.75. It would put it in the zone and a good candidate to...
  9. X

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

    Not sure if I am correct on a Dynamic S/R but I had my S/R marked at 964.25 and it got blown away and bounced closer to the .5 fib at 62.75. Is it safe to say, that the 62.75 is probably an entry worth taking if there is a retrace towards it instead of the 964.25? I am attaching the chart I...
  10. X

    ES Journal - Support/Resistance - From scratch

    Just an observation. The BB that ESResistance recommended putting really make spotting consolidation easy. It helps me recognize when the market is to violent and to stay out of the trade until it starts to consolidate a bit. Just a note
  11. X

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

    congrats on the engagement btw
  12. X

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

    ESR it's amazing how many clear chances there are for trades. Just took another one at 1:58 @ the 71.5. There was another chance at it about 2 min later that I missed.
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    I know you had mentioned earlier in this thread that you intended on showing your set ups and how you read price action. Just wondering if you are still looking to do that?
  14. X

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

    Question to ESR about entering trades. I was watching a downtrend approach my support line and noticed that the prior price action at that level had support about 1 tick under my level. Would you look to place an order somewhere between the two lines as long as it doesnt approach the new...
  15. X

    ES Journal - Support/Resistance - From scratch

    Took this trade a couple of minutes ago. Here is my logic. Took the trade as it ran up to 953.50 and set my entry for 953.25 incase it bounced down or didnt quite hit it. I think it was a good spot to try to enter because my spot was 953.50 the PP was a little under at 952.25 and so was the...
  16. X

    ES Journal - Support/Resistance - From scratch

    My levels are set today and I will be waiting to take a couple of sim trades. I have been studying ESR's trades that he has been taking and I feel comfortable if the trade presents itself. I am using Ninja Trader with the SUPER DOM and have some atm strategies I am playing with. Below are the...
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    ES Journal - Support/Resistance - From scratch

    Well after stressing out about picking accurate S/R levels to ESResistance, I finally was able to bring it in and get really close. My mistake was that I was focusing on every LL and HH and not considering the leves that acted as both S/R as much as I should have been. I did take a trade on...
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    Indicators are liars! Support and Resistance Trading for the S&P emini

    Funny you ask that. I am waiting to hear back from Prophet.net to find out how to get the overnight data. I dont know why it isnt in there. If anyone uses prophet.net, let me know
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