Short 100.12 cover 99.62. Lot of levels here. Weekly pivot 99.54 along with daily pivot high @99.48, yesterday close of 99.40, 99.20 daily pivot etc..
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The ACD Method
- Thread starter sbrowne126
- Start date
Short 100.12 cover 99.62. Lot of levels here. Weekly pivot 99.54 along with daily pivot high @99.48, yesterday close of 99.40, 99.20 daily pivot etc..
Quote from mfbreakout:
out 99.74.
Final chart of the day 01-26-2012. Sharing these set ups in the SPIRIT of my trader friend who showed me these set ups without any EXPECTATIONS.
He tells me he did learned a lot while showing me what he knows.
Premise of the day was based off:
Market did not answer the CALL after 30 minutes of trading. If it does not go up, it must come down.
Attachments
Quote from mfbreakout:
market profile was there to give some clues as to getting long 99.20 area may be a GOOD BET.
Great Trading Man! Keep it up!
Some advertising for the below thread. If anyone wants to contribute!
http://www.elitetrader.com/vb/showthread.php?s=&threadid=235310
Finally a nice range expansion day in the ES. Twenty handles off the failed A up and 10 handles through the confirmed A down.
Quote from mfbreakout:
market profile was there to give some clues as to getting long 99.20 area may be a GOOD BET.
I got a PM that I am making trading look so easy (lol). He/She thinks my levels SEEMS to GOOD to be TRUE. I do not know how to respond to this but I will try.
Today turned out to be an EXCEPTIONAL DAY. Some days you are just in the ZONE. I do work very HARD to identify Support/resistance. I subscribe to MF daily service, i look at lot of charts - just crude though. I do not want my attention to be diverted. After all this, i do get stopped out 3-4 times a day.
Plus I have been trading crude exclusively for little more than a year.
There is nothing SECRET about my trading beyond what is shown in MF book and Jim Dalton Book.
To top it off, i have about 5,000 hours of screen time just trading CRUDE ( SIM and LIVE).
I hope it answers your question.
Attached is another chart for traders with mathematical inclination courtesy of a friend. I do not understand 1/2 things on her chart as it does not fit my personality but i trust her work along with MF work.
She also had 99.25 as KEY level.
http://screencast.com/t/ars4JZ0n