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

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Well depends upon the historical strength of the number but generally speaking if 900 is not "easy" to see anymore its unlikely it will be respected thus best to use 910 as your level.

Reassessment of levels is key, I reassess every single day before I start my trading day and throughout the trading day adding and subtracting levels. Constant adaptation is necessary in order to stay ahead.


Quote from cunparis:

Sometimes I find price reacts to the pivot and then maybe a few days later it'll drive through it but stop a few points higher.

Let's say pivot is at 900. Price reacts to this and turns back and then maybe continues through.

A few days later price doesn't react to 900 but to 910. Should I add a new pivot at 910 or move the one from 900 to 910?

Thanks for the clarifications.
More...
 
Quote from ESResistance:

Well depends upon the historical strength of the number but generally speaking if 900 is not "easy" to see anymore its unlikely it will be respected thus best to use 910 as your level.

Reassessment of levels is key, I reassess every single day before I start my trading day and throughout the trading day adding and subtracting levels. Constant adaptation is necessary in order to stay ahead.
More...

Thanks for your insights on moving pivots. This is what I've been leaning towards but I'm still new at pivots. I guess I haven't been updating them as often as I should. Everything you say makes sense to me so I'm going to try updating them daily.

Thanks
 
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
 

Attachments

Hi everyone

A couple of new additions

- Fibonacci Clusters - Derived from Fib studies carried out across multiple time frames,

- Day Session Fibs - Derived from the High and Low of the 9:30 - 4:15 session as opposed to including globex.

As I have said on a number of occasions S/R changes and new levels are formed and taken away throughout the day. All the information on the sheet is designed to help you gauge the strength of a level using various other metrics, designed to create higher probability trading areas.
 
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
 

Attachments

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
 

Attachments

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
 

Attachments

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
 

Attachments

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
 

Attachments

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