Traders Laboratory - View Single Post - ES frustration today
View Single Post
  #32 (permalink)  
Old 02-14-2007, 01:49 AM
torero's Avatar
torero torero is offline
torero has no status.

Trader Specs
 
Join Date: Oct 2006
Location: SPAIN
Posts: 1,329
Thanks: 43
Thanked 43 Times in 29 Posts
Re: ES frustration today

Quote:
View Post
I believe we all learn in this type of debate... thought we can clearly think diferent.... if we all think the same there would be no market.... I cant help it but I will attach an excell with my input... hope it helps... cheers Walter.
Excellent illustration, walter! This is exactly my method as well. Knowing where the S/R is helpful but remember it's not glass, but rubber band. This is the reason I use the confirmation after a breakout, to find the pivot to set my stop close to it, despite it having violated the S/R level by pushing farther in than expected.

__________________
"It's against human nature to succeed in the markets"-- Newbie Trader Lounge
Reply With Quote