Indicators are liars! Support and Resistance Trading for the S&P emini

[ymanly]

SORRY to say I could not place less value on s/r except for scalpers. The s/r points are made to be blown through at times and respected at others. I don't like cat and mouse games. Such as, times, news, etc. I need the much higher % system that is based on reading candlesticks with use of very few candle patterns. Always with the trend. Trend also being zero starting point of new trend which most do not understand. In other words, apex recognition. Is it necessary to trade at the higher level, which requires years of study? NO..Is it more profitable and do you have the ultimate "edge" with such a system? Yes...

you can get rich with low % system cutting losses running wins.....sounds real cool, right? But the #1 cause of failure in this business is in play there bigtime....Emotional stress. Can't take the pain of losing again if 50/50 chance of losing your money is your system. Support and resistance trading is a little better than 50/50 for scalpers and a crutch for others.

 

[francisfinley]

SORRY to say I could not place less value on s/r except for scalpers. The s/r points are made to be blown through at times and respected at others. I don't like cat and mouse games. Such as, times, news, etc. I need the much higher % system that is based on reading candlesticks with use of very few candle patterns. Always with the trend. Trend also being zero starting point of new trend which most do not understand. In other words, apex recognition. Is it necessary to trade at the higher level, which requires years of study? NO..Is it more profitable and do you have the ultimate "edge" with such a system? Yes...

you can get rich with low % system cutting losses running wins.....sounds real cool, right? But the #1 cause of failure in this business is in play there bigtime....Emotional stress. Can't take the pain of losing again if 50/50 chance of losing your money is your system. Support and resistance trading is a little better than 50/50 for scalpers and a crutch for others.

I totally disagree. support and resistance gives you the reference points for setups. If you are skilled in candles thats great. do not discount the value of S&R used with trendlines. they are the most simple and most powerful trading tool in my opinion.

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[investcdn]

Greatest stock rally in history? Time for a little perspective, “The global stock index is still down more than 12% in Q1 2009 after losing 22.7% in Q4 2008.”

Conclusion: “Always consider changes (up or down) in the context of absolutes.”

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all

 

[aamarx]

Hi everyone

Please find attached todays levels. The S/R numbers are in the black column, the MP, Pivots, Fibs, Simple Moving Averages and Summary Numbers are for confluence and information.

Always remember to use the numbers as a guideline for potential areas of high probability plays.

Always use a set up based upon your system to enter a trade
.
Good trading all