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

[1a2b3cppp]

Quote from ProfLogic:

Lately the 343 is way too fast. The 2401 is what I use in these markets for entry/exit decisions, the 16807 for trading direction decisions and finally the 117649 for my overall strength decisons.

When it all compliments each other . . . watch out.

The Ergodic is a great indicator but the way it is created within each software package is different. I use a 49/147/49 settings(Ave 1/Ave 2/ Ave) for all markets and all increments and use MultiCharts. My programmer could probably give you a better explanation but he won't even speak to his wife.

Can I ask why you use 2401 and not 2400 or 2402? Or 16807 and not 16806? Are those fib numbers?

 

[TraderZones]

Quote from Cold Brew:

what site?

look at the attachment. They are doing a sneak method of promoting their system.

They come across as "nice" people, but their systems is utterly useless. Been there, tried it, even other people on their forum realized this.

 

[Preacher Man]

Quote from TraderZones:

look at the attachment. They are doing a sneak method of promoting their system.

They come across as "nice" people, but their systems is utterly useless. Been there, tried it, even other people on their forum realized this.

FFS... what is your problem..??

We've got a person here whose stated reason for posting is to save other from having to learn the hard way.

This is obviously a popular thread and plenty of people are exchanging ideas and are happily benefiting from their discussions. And I am sure there are many more who (like myself) do not post, but who regularly follow the discussions and are grateful for those who are sharing their experience.

Were you picked on at school? It seems that you can't stand to see someone else becoming popular and you feel the need to pull them back down to your level.

If you don't like the look of it, why bother posting... why not just stay away and leave us to suffer at the hands of this despot?!

Is it really so hard to believe that ES is doing this for no other reason that that already stated???


NOTE TO ESRESISTANCE: Goodonya mate! I'm following with much interest, and am benefiting from your generosity. Please ignore the whingers... you're doing a great job... keep it going!

 

[ESResistance]

Hi everyone

Please find attached todays levels.

Always remember to use the numbers as a guideline for potential areas of high probability plays

Always use a set up based upon your system to enter a trade.

Good trading all

 

[NihabaAshi]

Quote from Cold Brew:

what site?

TraderZones is a little confused.

The moderator already knows that there are 2 fee-based websites with names similar (not the exact same) to the name of the OP's blog that's not a website.

For example...pretend the name of my blog is www.abcdefg.com

However, there's a fee-base website called www.abc.com and another fee-base site called www.defg.com

TraderZones is a little worried about the similarities.

Mark

 

[ProfLogic]

Quote from 1a2b3cppp:

Can I ask why you use 2401 and not 2400 or 2402? Or 16807 and not 16806? Are those fib numbers?

All multiples of 7. Just easier to buld chart increments when they are created with consistency.

 

[pismo10]

I wish price moved as smoothly as the ergodic does...

 

[ProfLogic]

Quote from pismo10:

I wish price moved as smoothly as the ergodic does...

It does if you use the Ergodic to just CONFIRM the price oscillations.
I'll post a chart later of today across a few different increments so you can see the transition.

 

[pclark]

I would be interested in seeing the transitions as well. Thanks...

 

[ProfLogic]

Here is the 117649 S&P Constant Volume Bar Chart.