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

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Quote from quest43:

ES your numbers once again were off the hook . Had some old numbers on my chart from previous days and they were just as good as the numbers from today. Thanks for all your hard work
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Do you mean they were good or bad?
 
Hi everyone

Its snowing in the UK! For some reason us brits cannot handle a bit of snow and the country has virtually shut down!

I have tried to make the worksheet now on 3 occasions this am! With mini 1-2 second power cuts turning the desktop that I make the sheet on off, and thus deleting part of what I have put together.

Apologies if this causes problems for people that rely on my data, I have been trying to put the data together for over an hour!!! Becoming increasingly frustrated with every cut! I will try and get it before the open.

But now im going to play in the snow!!!

WOOOOOOOOOOOOOOOOOOO!!!!!!
 
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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Ok guys and dolls some changes, I have now changed my Woodies calculation as a result of further research based upon observations made by fiveshorts. Amazing that their are atleast 3 Woodie pivots calculations out there! So thanks 5Shorts, critical thinking and constructive feedback make us all richer, long may it continue.

Going to have some new additions to the sheet over the coming month. Todays is the DJP Open Gaps, didnt get a chance to put them in today but will start that hopefully tomorrow.

Also in further news, my snow man is now 6foot6! will post a pic lata : )
 
Quote from ESResistance:

Ok guys and dolls some changes, I have now changed my Woodies calculation as a result of further research based upon observations made by fiveshorts. Amazing that their are atleast 3 Woodie pivots calculations out there! So thanks 5Shorts, critical thinking and constructive feedback make us all richer, long may it continue.

Going to have some new additions to the sheet over the coming month. Todays is the DJP Open Gaps, didnt get a chance to put them in today but will start that hopefully tomorrow.

Also in further news, my snow man is now 6foot6! will post a pic lata : )
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ES ,

Did you ever get the chance to document your system? I see some reference to you planning to do so in your earliest posts.
 
No not really its an ongoing project, I am investigating some tweaks/improvements at the moment, when I have time to document everything I will. Right now I have random women screaming at me to help out with my wedding prep hahaha. Fun times!
 
Just a thought but trying to get a good entry near support / resistance can be frustrating. Many times overbought and breakout fails hard.

Try using 100/500 tick charts with 9 or 25 lsma trend and just buy on a pv bar high after cci 14 is o/s 100 level 2 bars. Simple and profitable with good money management.

I've seen support /resistance get faded way too many times. Market will reverse on you fast!

Good luck.
 
Quote from dt.trader:

Just a thought but trying to get a good entry near support / resistance can be frustrating. Many times overbought and breakout fails hard.

Try using 100/500 tick charts with 9 or 25 lsma trend and just buy on a pv bar high after cci 14 is o/s 100 level 2 bars. Simple and profitable with good money management.

I've seen support /resistance get faded way too many times. Market will reverse on you fast!

Good luck.
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Please. I sold ES last week at 874.50 resistance. (876.00 was weekly high).

Support / Resistance is as good as it gets. LoL

Big boys buy supports and sell resistances.

Everybody else is just scalping ticks.
:D
 
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