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

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Quote from JackR:

The Google link seems to be a two hour video about the evils of the fractional monetary system we live under. Do you have a reference to share bars? I can't locate anything.

Jack
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That is correct. The link is to a documentary about the money system.

Regarding share bars, I have never realy looked them up, if you have TS or any other quality charting package you should be able to use them. Essentially they are charts based upon volume rather than time. Proflogic, Stoneface and a few other people who have posted a little about their use of share bars on the thread.
 
Quote from pismo10:

In my dreams......
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Most traders have made this environment too hard because that is simply the way they were taught.
It isn't your fault you view the charts as a confusing mess of choppy chaos.
Tame the Chaos.
 
thanks for the levels. just wondering, whydo you use day high and day low, and not swing high and swing low for fibonacci levels?
 
Quote from bbqbbq:

thanks for the levels. just wondering, whydo you use day high and day low, and not swing high and swing low for fibonacci levels?
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Its funny that you say that. I do actually use swing highs and lows also. But havent included those in the worksheet, was actually thinking about that today. A lot of traders watch these fib levels hence why I included them in the worksheet as a confluence.

Swing fibs are more subjective, and depend upon the time frame you use, wanted to keep the worksheet simple and consistent and using data from previous day high and low is a good way to do that.

Thanks for the feedback, I will consider replacing the hi/lo fibs with the swing fibs
 
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