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

Status
Not open for further replies.
Quote from themainevent:

I've always said that support and resistance is good information to have while in the trade and to use while managing your position, however, I don't believe support and resistance are beneficial to use for entry. It is never a good idea to try and predict when a market is going to completely turn around. That is a losing battle.
More...

I agree and disagree.

Agree S/R is great information when managing a trade.

There are no absolutes in trading, not everything works 100% of them time. Trading is a game of odds. It is best to use S/R to define areas where the "odds" of reversal are more in your favour. That is what S/R is about limiting your trading to those areas, then using your system/price action to gauge your entry. There is no "prediction" You are simply working the probabilities.
 
****LEVELS FOR NQ, YM AND ES****

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

****LEVELS FOR EURUSD, GBPUSD AND USDJPY****

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

****LEVELS FOR NQ, YM AND ES****

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

****LEVELS FOR EURUSD, GBPUSD AND USDJPY****

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 ES,
on what timeframe do you follow the market with the daily pivots? 1-10 min?
Do the pivot works on monthly or weekly basis (for DJIA)?
 
****LEVELS FOR NQ, YM AND ES****

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

****LEVELS FOR NQ, YM AND ES****

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

Status
Not open for further replies.
Back
Top