[Jeremytang]

I'm currently trying to figure out a way to idenitfy short term intraday s/r using a mechanical (computational method)... So far I've noticed that sometimes EMAs of the highs and lows can act as s/r for certain instruments.

I'm curious is there anyone else out there using any TAs to derive S/A levels?

[TEAMTRADER]

I use momentum to identify these levels but I am sure TF specific ema's can do this too.
TEAMTRADER

[KeyToTheCastle]

There is no method more effective for locating intra day ( or longer time frame) zones of support and resistance then using previous areas of high volume to frame value zones.

[Jeremytang]

Originally Posted by KeyToTheCastle »

There is no method more effective for locating intra day ( or longer time frame) zones of support and resistance then using previous areas of high volume to frame value zones.

Interesting... Do you look at volume on the same timeframe, or do you like to zoom out to a longer timeframe? Ie: daily chart

[ziebarf]

Originally Posted by KeyToTheCastle »

There is no method more effective for locating intra day ( or longer time frame) zones of support and resistance then using previous areas of high volume to frame value zones.

Now that is what I call a bold statement.

[Kiwi]

Originally Posted by ziebarf »

Now that is what I call a bold statement.

And in such certainty and boldness lie the reasons why one will always have opportunities in the markets.

[KeyToTheCastle]

Originally Posted by Kiwi »

And in such certainty and boldness lie the reasons why one will always have opportunities in the markets.

I agree with your statement but probably not in the manner you suggested sir.

Boldness...maybe, but born out of experience. Certainty of my edge...yes, absolutely! How can a speculator comfortably accept risk without a sense of certainty that his methodology serves him well by putting probability in his favor? We all have access to the same market generated information but it's how we chose to organize, present, and read that information that provides an edge. Personally I trade in a non-predictive fashion. My goal as a trader is to understand the underlying processes and dynamics that drive the market in the present rather then predicting where price will go in the future. If my understanding of the current price action or certainty of my edge is lacking then I don't conduct business in the market.

[KeyToTheCastle]

Originally Posted by Jeremytang »

Interesting... Do you look at volume on the same timeframe, or do you like to zoom out to a longer timeframe? Ie: daily chart

I look at volume based support and resistance mainly on 2 time frames. One is short, on an intra day basis. The other is longer...over a span of multiple days or weeks depending on where value has formed.