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

[ESResistance]

Hi everyone.

Apologies to those did not receive the worksheet email this morning. We have reached the maximum number of recipients/daily emails on googlemail. I will start investigating alternative mailing list options soon.

 

[xburbx]

for those that couldnt watch in the previous file format. here are the wmv versions of the vids.

Winner - http://www.sendspace.com/file/brhiha

Loser - http://www.sendspace.com/file/25fi74

 

[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

 

[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

 

[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

 

[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

 

[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

 

[bootize]

Hello ESResistance,

Great thread

I read through quite a bit of this thread but may have missed this question... Do you ever take into account angle trendlines as S&R? If so, do you still use the 1hr+ charts. Or do you stick to only the horizontal lines.

Thanks!

 

[ESResistance]

Hey and thanks

Yes I do...I consider them weaker than S/R lines, but they are a form of vertical S/R line. Horizontal S/R lines provide a prediction of price, trendlines help predict price and time. They are a nice extra confirmation of a Horizontal level, but I do not use them by themselves. I did actually want to put them onto the worksheet, but found it difficult to find a meaningful way to do so.

I analyse multiple TFs, 1hr and 4hr are my key analysis TFs, intraday I use smaller TFs for trendlines.

Hope that helps.

 

[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