S/R Emini Journal

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We had some textbook market profile S/R levels trading today for the ES. Here was how the later part of the day played out.......(1336.50 and 1340.00 were MP levels for today).

First bounce off 1336.50......

http://www.charthub.com/images/2006/09/25/ES_317_VB_17.png

Second time at 1336.50 blasts through with huge positive delta.........

http://www.charthub.com/images/2006/09/25/ES_317_VB_18.png

1336.50 now acts as support........

http://www.charthub.com/images/2006/09/25/ES_317_VB_19.png

1340.00 is now resistance..........

http://www.charthub.com/images/2006/09/25/ES_317_VB_20.png

After 1340.00 fails to break, where do we trade back to???

http://www.charthub.com/images/2006/09/25/ES_317_VB_21.png


YES...1336.50........that was textbook MP today.............


http://www.charthub.com/images/2006/09/25/ES_317_VB_16.png
 
Quote from 5Pillars:

We had some textbook market profile S/R levels trading today for the ES. Here was how the later part of the day played out.......(1336.50 and 1340.00 were MP levels for today).

First bounce off 1336.50......

http://www.charthub.com/images/2006/09/25/ES_317_VB_17.png

Second time at 1336.50 blasts through with huge positive delta.........

http://www.charthub.com/images/2006/09/25/ES_317_VB_18.png

1336.50 now acts as support........

http://www.charthub.com/images/2006/09/25/ES_317_VB_19.png

1340.00 is now resistance..........

http://www.charthub.com/images/2006/09/25/ES_317_VB_20.png

After 1340.00 fails to break, where do we trade back to???

http://www.charthub.com/images/2006/09/25/ES_317_VB_21.png


1336.50........that was textbook today.............


http://www.charthub.com/images/2006/09/25/ES_317_VB_16.png

Where were you today when my first trade failed? LOL...
 
I was training a friend of mine so I was tied up....we had a real good day.

I will go back and see what happened to your trade here in the thread.

Did you get caught in the equities funds "end of qtr" clean-up games....:eek: ?
 
Quote from 5Pillars:

I was training a friend of mine so I was tied up....we had a real good day.

I will go back and see what happened to your trade here in the thread.
\

I was long at 1334.50 it went up to 1336 and reversed on me. Then I took a long at 1335 and got 2.5 points on it to make me breakeven plus some commission money.
 
Quote from 4re:

\

I was long at 1334.50 it went up to 1336 and reversed on me. Then I took a long at 1335 and got 2.5 points on it to make me breakeven plus some commission money.


Oh...I see the 1336.50 MP level slap down caught you....got it. Well you still came out clean. :)
 
..lol.......gary, u r truly rare guy on these freak forums....u r honest and have proven that over and over......be good and thanks for the patience and endurance.........porgie....
 
Quote from 5Pillars:

Oh...I see the 1336.50 MP level slap down caught you....got it. Well you still came out clean. :)

Yes, that is why I trade like I do. If a trade fails I like to be able to breakeven on the next trade. So far I have had only 3 days where I lost 2 trades in a day. That does not mean I have only had 3 losing days though.
 
Quote from tradequicker:

was that friends name "fido". spillers....pay back time...:D
No....Tim is his name.


tq - Now please put the Capt Morgan bottle down and step away for your own safety.....LOL! :D
 
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