S/R Emini Journal

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Quote from JimmyJam:

Use the 15 min to draw S/R

R is the Highest Close of the Afternoon Session

S is the Lowest Close of the Afternoon Session

Use 30 min to confirm Trend when Price Action is congruent vs the 20 SMA for 30/15/3 minute charts

Use 3min (or 5min if you prefer, I just like the 3min because it obviously confirms a trade faster) to enter Trade on Breach of S/R using Stochastics, MACD, the actual Breach of S/R itself, or whatever works for you.

Best,

Jimmy
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"Use the 15 min to draw S/R

R is the Highest Close of the Afternoon Session

S is the Lowest Close of the Afternoon Session

Use 30 min to confirm Trend when Price Action is congruent vs the 20 SMA for 30/15/3 minute charts

Use 3min (or 5min if you prefer, I just like the 3min because it obviously confirms a trade faster) to enter Trade on Breach of S/R using Stochastics, MACD, the actual Breach of S/R itself, or whatever works for you.

Best,

Jimmy"

Oh wait, Oh No, I just gave away my "Edge"

Ha, it's not "my" edge, it's just how the markets work, and I didn't make it up, it's been around all the markets for a long time, hell I'm not even the one who "figured it out" (just read through the last 20 pages and draw your own conclusions).

Time to get some dinner.

Jimmy
 
Since price has hit 1265.75 several times without going through it I am going to adjust my entry to 1266.00 there should still be enough room to get 2 points out of it since the channel runs up to 1269.

4re
 
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