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

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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?
 
I have described with a basic level of detail my set ups on the thread. Hoping to document everything in depth when time permits at the moment it doesnt look like anytime soon. Just recently got engaged and been given a list of errands to run in my spare time! Lucky me! :D
 
Quote from juve:

Is it just me or was trading on Thursday a lot slower on the ES than it has been for the last little while. Is this normal behavior for it tighten up like this before the elections on the 4th? I had brilliant days Monday to Wed.. but couldn't hit anything yesterday....

Thanks
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The market seems to be calming. We are "only" up 183 point on the dow today. Which compared to the +/- 500 point swings we have had lately is a slow down. This may just be a blip or a sign that a calming and return to "normality" is in play.

Many see an "Obama Rally" on the cards.

Myself...I dont have a clue :D I will let the market decide.
 
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.
 
Quote from xburbx:

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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Yes some days can be very busy. The great thing is we are restricting ourselves to certain high probability areas. Makes trading simpler as you know exactly where u want to trade and when you get to that area you can focus 100%.

Generally speaking traders that base their core system upon a set of indicators tend to have to concentrate for longer periods, its tough to maintain such focus.
 
Quote from Preacher Man:

G'day ESR,

I was interested to note that you've recently opened up your 'confluences' to "within 2 points". I stretched mine out to 1.5 points about 10 days ago. I'm guessing your decision was linked to the volatility? Or was it just part of a continuous evolution of your system?

Catchya mate,
Preach.
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Hi Preach

Just saw this message, yes the confluence change was because of the volatility. Got to adapt with the times, when the market changes so most you.

Have a great weekend all. What a day.
 
Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

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
 

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Quote from ESResistance:

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

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
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G'day ESR

Thanks for the fancy new worksheet.... very flash! :D
I'm off to have a good look at the new improved version.

Catchya later,
Preach
 
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