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

Status
Not open for further replies.
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

Quote from dandxg:

You should also track weekly and monthly high and low. Additionally the globex high and low, from the overnight, are quite relevant. My good kharma for the day.
More...

Thanks for that, will try it . . . to clarify, when you say weekly and monthly H/L, you're referring to RTH or also globex?

I've been using RTH to calculate the pivots, and I notice that you usually get a 1-2pt bounce when you get to the [near] R or S levels. In situations where the market just seems to go past the levels, your almost sure to see the bounce as S becomes R or v.v. . . . unless it's Friday the 13th :p

I don't know what kind of experience others have with calculating pivots off of a 24hr session (it seems that on the website provided, it runs from 12:00am to 11:59pm) . . .
 
Quote from Insearch:

Thanks for that, will try it . . . to clarify, when you say weekly and monthly H/L, you're referring to RTH or also globex?

I've been using RTH to calculate the pivots, and I notice that you usually get a 1-2pt bounce when you get to the [near] R or S levels. In situations where the market just seems to go past the levels, your almost sure to see the bounce as S becomes R or v.v. . . . unless it's Friday the 13th :p

I don't know what kind of experience others have with calculating pivots off of a 24hr session (it seems that on the website provided, it runs from 12:00am to 11:59pm) . . .
More...

RTH monthly and weekly H/L. The most important thing is when you get confluence as has been suggested in this thread. Another tip is when you get a big report like unemployment tomorrow mark the high and low off that reaction because there is enough traded volume pre-market due to that report to make a difference.
 
Pivots calculated from yesterday's RTH HLC:

R2 = 902.50
R1 = 894.00
PP = 887.00
S1 = 878.50
S2 = 871.50

We had 2 bounces off of 887 around 3am and 4am EST (the 2nd one got some heat). There was a 3rd bounce around 8am from 886 which went to within 1 tick of 878.50(S1) around 8:30am, which bounced right back up to 886.50 (within 2 ticks of PP) and we are now around 883 . . .

Just thought I'd share . . .
 
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

****Late post****

Apologies


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

Quote from alex.samant:

ORDER FLOW around Support/Resistance ZONES (as opposed to levels) is KEY.

I am trading the EUR on 5mins and S/R levels on a 5min if you play the trades right are just as effective as 1h or 4h levels...

just watch order flow. getting a feel for it is what sepparates you from the crowd and your money management / trade management skills are the real EDGE.

there is no trend, no setup... it's all order flow. you can't know in advance if there are orders above of below levels, but you can position for a potential flow, find out quick if there is one, and make a quick decision to stick with the position or discard it while it's still a 0 or an infinitely small loss.

a winner should be something that requires no effort as there is flow, and the only thing you have to do is stick with it, bank some profits and then start adding to that winner.
More...




Hi Alex,

Once you sense the order flow, are you entering on a pullback or just jumping in?

Steve
 
Hi, is it possible for you to post how we can calculate some of these numbers for example Camarilla, Woodie, and Demark or how you are able to determine these numbers.?

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
More...
 
Status
Not open for further replies.
Back
Top