S/R Emini Journal

[4re]

Quote from CaptainObvious:

I could have saved some money and just learned this from Gary. He is dead nuts on what the sofware figures. I'm just dead nuts. Now lets make some money. Watch word for the day is DISCIPLNE!

Like I said yesterday I might not be on target with your software after a trend day. They tend to not factor in the congestion areas that happen during those days. I want to match it up after a big day. So don't leave this journal until we get one.

I'll help keep you disciplined today. Hows that for support.

 

[CaptainObvious]

I'll take all the help I can get. I need one of those shocking dog collars to zap me when I do something stupid.:eek:

 

[5Pillars]

Remember to watch these levels today............

Quote from 5Pillars:

For tomorrow, again we have 1353.25 and 1357.25 as market profile levels plus here is the last 17 trade days.....

http://www.charthub.com/images/2006/09/28/MP_2.png

You can see the prominent levels;

1347.25

1343.50

1336.75

1332.00

1324.25

Good hunting tomorrow!

 

[CaptainObvious]

For what it's worth the NQ had a pretty good gap up and is falling back some from it's R level of 1680.5 Could lead the ES down

 

[yvberj]

There has been some discussion about calculating Pivot Points & Support / Ressistance prices. Someone may have alrready posted this, but here is a web site that has all of the daily calculations. Hope it helps.

http://www.deltat1.com/DailyNotes/pivotpoints.htm

Alex

 

[4re]

Quote from 5Pillars:

Remember to watch these levels today............

I'll be watching them for right now I want to see how the market reacts at these levels. Thanks...

 

[riaamaan]

FWIW, 1347.00 area is the central pivot. Same as yesterday.

 

[CaptainObvious]

NQ just can't bust through and close above it's R level of 1680.50 I don't know who is leading whom but it seems that the NQ has to bust theough it's R before the ES will get close to its R level.

 

[4re]

What a snooze fest today is so far. This is not what I needed today. I hit a big sale yesterday that will increase my business by about 50%. I was so excited and worried that I have been up since 2:00 this morning running numbers for everything. Also caught the spat between JJ and Romik (I just watched and stayed on the sidelines where I belong). But I didn't need this boring day today.

 

[Chart_and_Soul]

Gary,

Any reason you don't trade the last hour? Triggers need volume for follow through and with the larger volume at that time, I would think it would be a valid time to trade .

Not to question your logic, just trying to learn.

Regards,
C&S