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

Status
Not open for further replies.
AMAAAAAAAZING!

I am not trading anymore today, I am taking my premarket profit and running. This is a very overheated market and very dangerous.

Please be careful out there.
 
Quote from ESResistance:

AMAAAAAAAZING!

I am not trading anymore today, I am taking my premarket profit and running. This is a very overheated market and very dangerous.

Please be careful out there.
More...

Why don't you watch it settle down and then trade what you see.

Essentially it is just another day, just like yesterday was.

What you see is what you get and therefore it is what you trade.

regards
f9
 
No need. I am up nicely. Why expose myself to extra risk? Days like this can be your best friend, or your worst enemy.

Its these days that newer traders get the most excited about seeing all that movement, thinking they want a piece of it.

These are the days that some of my trading friends, shut down their computers and start the weekend early, I think I will do the same.

All imho.

Everyone be careful out there, control your risk. If any questions about my set ups or anything ask away.
 
Before we go into the weekend.

Just wanted to get some ideas and feedback on how to improve the worksheet I send out.

For example

- other sources of data to help with level confluence.

- is the worksheet clear and easy to use, and any suggestions on how to improve it.

- And any other general ideas, thoughts and suggestions.

Please send me your thoughts and ideas by Private Message.

Thanks and have a good weekend all.
 
Quote from ESResistance:

.................. Why expose myself to extra risk?
More...

What extra risk?

All you see are orders at the bid/ask chewing their way through the DOM on ANY given day.

When strikes enter the market intent on driving price in only one direction regardless of resistance then your risk decreases ..... you just go with the flow.

There is no way that price can suddenly reverse without displaying it's hand at the bid-ask and DOM.
(we are discussing ES here)

regards
f9
 
Quote from ESResistance:

The extra risk of losing the money I have made.
More...

ES

Never look back, that is for frightened hope filled people only. Not for Traders.

You appear to be a bright and motivated young person with a strong desire to learn to trade ES.

Either you have discovered, or someone has pointed out the power of horizontal lines. (s&r)

Regard them as you would regard a sauce.
Too much and you will smother the flavour of the meat.

Much in the way that the flavour of a complete meal is the sum of the individual flavours and their amalgamation, then so is trading ES.

There is much to know, and almost as much to disregard until you learn to bring the key ingredients together to tell a continuous story.

You trade that story.

regards
f9
 
Status
Not open for further replies.
Back
Top