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

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Quote from xburbx:

Took a dynamic S/R at 11:05 entering at 854. Saw a clear uptrend. Collected 5.25pnts profit but could have grabbed 10+ if I let it go. I need to get better at that.
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Nice trade . . .
 
Quote from xburbx:

Thank you. I just got finished reading your thread Prof. Your stuff is pretty intense. Trying to get my head around it
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It's really pretty simple but just different. It's so objective that people naturally try to complicate it. I'm posting all the rules later in there.
 
ESR, did you take the trade at 13:07? That third bar bar after the showing of price showing went above the first initial bar that came out of the band. I thought it was going to proceed up to the 874 line, but after another tic towards it, it showed 5pnts profit. Would you have stayed in or gotten out?
 
Quote from xburbx:

Took a dynamic S/R at 11:05 entering at 854. Saw a clear uptrend. Collected 5.25pnts profit but could have grabbed 10+ if I let it go. I need to get better at that.
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Very pretty Ian, you are getting it.
 
Quote from xburbx:

ESR, any luck with that bid/ask tool you were looking at and how to apply it to your trading style?
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I did mess around with a few things. I found it gave me too much to look at and delayed my thinking. I'm a simple trader, I draw straight lines for a living. I will continue to investigate it though.
Oh and P.s. will respond to your email as soon as I have the time to, to devote the attention it needs, so dont think i have forgotten about it : )
 
Great and thanks. I tried a NT script with a bid/ask and it seemed interesting, but I couldnt find any patterns with the setups. I was also thinking that the email I sent might be a good one to post on the site. It probably answers a lot of other peoples questions and you wouldnt have to answer twice. Just a thought.
 
Hi everyone

Hope everyone had a great thanksgiving!

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
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Good trading all
 

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This thread that was started by ESR is great. I was away and recently came to catch up on this thread. Can someone explain to me what you mean by "dynamic" s/r. I must of missed the discussion on this. Second, I noticed that some of the charts that was posted here is on the ninja trader charts. I am thinking about going with them in the begining of the new year. I am planning on Nt/Zen with Mirus. I only trade futures, intra only and I do not use any indicators. If any of you traders are currently or have used it in the past, I would really appreciate any comments on the NT/ZEn and the broker Mirus.
Thank u
Hen
 
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