Day Trading Crude without indicators.

Hi MF I'm wondering where you get your ES levels, you mention 1321.25 as resistance.... but mainly the 1294.25 as major support that will cause a hard drop if broken. You also mention 1294 in Mav's thread. Where do you get that? Thanks.

http://www.elitetrader.com/vb/attachment.php?s=&postid=3432552

I had resistance in that same area also. Monthly A up at 1319.5 and poc from 1/26 at the same area.

Nice A-down trade today, not as clean as some but still a good one. Failed weekly A-up this morning.
 
Quote from dv4632:

Hi MF I'm wondering where you get your ES levels, you mention 1321.25 as resistance.... but mainly the 1294.25 as major support that will cause a hard drop if broken. You also mention 1294 in Mav's thread. Where do you get that? Thanks.
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Not sure where mf gets that level, but 1294 would be a breach of the 20-day EMA after finding rapid support there yesterday. It's a technical level that could trigger sell programs.
 
Quote from dv4632:

Hi MF I'm wondering where you get your ES levels, you mention 1321.25 as resistance.... but mainly the 1294.25 as major support that will cause a hard drop if broken. You also mention 1294 in Mav's thread. Where do you get that? Thanks.

http://www.elitetrader.com/vb/attachment.php?s=&postid=3432552

I had resistance in that same area also. Monthly A up at 1319.5 and poc from 1/26 at the same area.

Nice A-down trade today, not as clean as some but still a good one. Failed weekly A-up this morning.
More...

Hi DV4632,

I get levels from Fish subscription service. From a friend of mine. chart attached. http://screencast.com/t/vGWbXWn4
I do not understand 1/2 of things on my friend chart but i trust her work.


We are all trying to trade probabilities. In the end, so far failed A up or A down with stop loss has worked.

I am not sure why fish service has a close under 1294.25 as a sign of selling pressure coming. Some times their levels work and sometimes not. They do keep a trader on right side.

What OR you use for weekly and monthly levels?
 

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For monthly I'm using Mav's levels that he shares as I haven't yet decided how to best figure it.

For weekly I've debated a lot between the first 90 mins of the week and the first 2 hrs of the week. For now though I've settled on the 9:30-11:30 range on Monday morning as weekly OR.
 
Yes, ES is balancing and waiting for a catalyst.

The Fed spike last week fooled me as I thought it might be breaking out to form value at a higher area. But it did not hold, and retraced back into "the box".
 

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tuesday's grease.........

trade 1
dark zone reset after asia
long to the 5.7 exit door

trade 2
fib out the retrace in london , puke to the 5.7exit in ny

trade 3
three sisters setup in ny, short puke to the 4.2 low of the day.

patterns and fib expansion.

keep it simple.

s

:cool:
 

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wed grease....

trade 1
3 sisters long in asia to the 4.2 exit
fully diverged

trade 2
3 sisters and a dt in london
fully diverged
short

re test the asia session low.....
new short pendings filled and pinned at the bottom of the box stops blown.

MM 1
new shorts zip

playing thru.

s
 

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