S/R

I couldn't seem to take my eye off what seemed to be strength in the YM, Which kept me from being decisive.

edit: short or long
 
When it comes to decision-making, I rank YM a distant third. I keep an eye on it, but if the ES and NQ say Go, I go.

See you this afternoon :p
 
Below are some of my notes for today


Took another long entry at where I had a support area, and when price seemed to stall I moved stop to BE and got hit.
time in this trade 6 min.

maybe try again on a test of the low.

Jeez, I got the entry I wanted, and while I was trying to bump up my stop by a tick, I accidentally hit my BE button, and put myself out of the game.

3 entry's today, 3 BEs

The last 2 trades, I had my eye on a 74 target.

I know, I know, the trade ended up failing anyway, but the point is I fat fingered my mouse.

My target should have been a test of the 7:07 (10:07) low.

I'm done for the day.
 

Attachments

Here's a review of what trade ought to have been taken.
It's pretty simple, tho I did not see it at the time.
I think I was spending too much effort looking for demand to come into the market.


Anyway, tomorrows another day
 

Attachments

Most of the major averages have returned to their demand lines, and I don't think we got too far away from them to overshoot on the down side, but you never know. If so, the bulls may give it the old college try tomorrow.
 
Quote from sulong:

So far, a fake out day, but NQ looking stronger than ES YM.
More...


I'm Judging strength at this time by current price action compared to yesterdays closing range in each mini
 
Quote from dbphoenix:

So you're not aware of any other way of figuring S3/R3, or of any intermediary level between S2/R2 and what you're calling S3/R3?
More...

DB,

Thanks for pointing out to me that my S3/R3 levels corresponded to your S4/R4. I was able to make the necessary correction after fully reviewing it and the website JackDaniel provided proved valuable too.

The spread sheet reflects the wrong calculation and for those of you that use it, I would modify the formula for S3/R4.
 
Quote from erierambler:

The ES closed at /or just a little above it's pivot today , but the NQ closed below it's pivot.
More...

I haven't kept track of whether the close was near it's pivot. Do you show this to be of significance as far as tomorrow's trading is concerned, the fact that the ES closed at or near it's pivot point?

jd
 
You must log in or register to reply here.
Back
Top