Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Jeremytang

TAs for Support and Resistance

Recommended Posts

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?

Share this post


Link to post
Share on other sites
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

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

 

I agree that volume based Support and Resistance is the most accurate way to read those levels. I will add that each specific chart has its own unique Support and Resistance levels and when those levels match on shorter and longer time frames, those are the most critical levels.

 

If you utilize Divergence/Convergence using those support and Resistance levels too, those oscillation tops and bottoms will be stronger as well using volume based levels.

Share this post


Link to post
Share on other sites

The horizontal lines in the screenshot below represent the Open, High and Low from the current session as well as the session highs and lows from the previous 4 days.

 

The logic is that a session extreme is where the price action ran into enough opposing activity to create and hold that extreme price for at least the rest of that session and what could be a better definition of S/R?

 

The larger red and blue dots are today's extremes and the smaller red and blue dots are highs and lows from the previous 4 days.

 

In the ES and especially over the last few weeks when there has been so much overlapping price action, it is amazing how often price will pause, be supported by or reverse at these lines.

 

tpt457.jpg

Share this post


Link to post
Share on other sites

Urma, what is the histogram indicator and would you mind sharing the settings?

 

The horizontal lines in the screenshot below represent the Open, High and Low from the current session as well as the session highs and lows from the previous 4 days.

 

The logic is that a session extreme is where the price action ran into enough opposing activity to create and hold that extreme price for at least the rest of that session and what could be a better definition of S/R?

 

The larger red and blue dots are today's extremes and the smaller red and blue dots are highs and lows from the previous 4 days.

 

In the ES and especially over the last few weeks when there has been so much overlapping price action, it is amazing how often price will pause, be supported by or reverse at these lines.

 

tpt457.jpg

Share this post


Link to post
Share on other sites
Urma, what is the histogram indicator and would you mind sharing the settings?

 

That indicator is part of a package we use to calculate and trade Order Flow and The Balance of Trade as discussed in this post here on TL.

 

In that post the indicator is described as:

 

V94 Window

 

 

v941.jpg

 

 

!TPS.V94Window is an indicator designed to report a moving window of net buying and selling volumes – a moving window of the balance of trade.

 

The small dots are the raw values smoothed by DX2MA. They are in a channel.

 

The large fat +’s show extreme levels of buying or selling. In some cases they can signal exhaustion and warn of a reversal as is the case with the selling in the chart above.

 

In other cases they can signal extreme activity and the likelihood of continuation as with the buying in the chart above.

 

 

cheers

 

UrmaBlume

Share this post


Link to post
Share on other sites

Supply & Demand never seem to fail...If you think about it...when do you buy something? When the price is high, or when the price is low (in your opinion)? and when you do sell something...when the price is low, or when you can get a good profit for it? I think the answer is clear to most of us...and the financial markets are no different..

 

On any chart you will see price trend up until it reaches a point where NO ONE is willing to buy and at that point you will see a "wick" (if you are using candles)....THAT is where there are no more buyers (at least for the moment)...Ironically popular literature suggests that these boundaries are at areas where there is a lot volume...the truth of matter is that supply and demand change at places where there is virtually NO VOLUME....It is a that "tipping point" where buyers or sellers decide to take a position that you want to be ready to act.....and it is right in front of you on any chart IF you simply take a moment to look at it

 

Quite a few examples in my threads

Share this post


Link to post
Share on other sites

I was curious on how the indicator tracked price but your second screen shot answered that question.

Thanks for the answer and the explanation.

Is the indicator openly available for testing?

 

Logic

 

 

That indicator is part of a package we use to calculate and trade Order Flow and The Balance of Trade as discussed in this post here on TL.

 

In that post the indicator is described as:

 

V94 Window

 

 

v941.jpg

 

 

!TPS.V94Window is an indicator designed to report a moving window of net buying and selling volumes – a moving window of the balance of trade.

 

The small dots are the raw values smoothed by DX2MA. They are in a channel.

 

The large fat +’s show extreme levels of buying or selling. In some cases they can signal exhaustion and warn of a reversal as is the case with the selling in the chart above.

 

In other cases they can signal extreme activity and the likelihood of continuation as with the buying in the chart above.

 

 

cheers

 

UrmaBlume

Share this post


Link to post
Share on other sites
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?

 

Try putting a 100 EMA on a 1 minute, all sessions chart. Best dynamic support and resistance level I've found. Works great intraday on most futures instruments, especially those that move such as DX, 6E, GC, CL, and TF, as well as some popular stocks, DE, GS, etc. I add Bollinger Bands with 2 std. dev. from the 100 EMA and it gives me a great road map for likely price action. Works best on trending days. Also, same settings work great on the 1 hour time frame.

 

2011-05-24_CL.png

Share this post


Link to post
Share on other sites
Try putting a 100 EMA on a 1 minute, all sessions chart. Best dynamic support and resistance level I've found. Works great intraday on most futures instruments, especially those that move such as DX, 6E, GC, CL, and TF, as well as some popular stocks, DE, GS, etc...............

 

Prices do not support, provide resistance or propel price. Buying and selling, the order flow, the balance of trade provides support, resistance and the motivation to price.

 

Price is no more, no less and is exactly the response to buying and selling, i.e., order flow.

 

v941.jpg

Edited by UrmaBlume

Share this post


Link to post
Share on other sites
Prices do not support, provide resistance or propel price. Buying and selling, the order flow, the balance of trade provides support, resistance and the motivation to price.

 

Price is no more, no less and is exactly the response to buying and selling, i.e., order flow.

 

v941.jpg

 

10-4. Thanks UrmaBlue. Sorry to offer any constructive answers. Sorry to interfere as I'm sure you and your "team" are pulling millions out of the market everyday. Keep it up Chief. Good luck.

Share this post


Link to post
Share on other sites
How do you do that? What time frames, what charts, ? Im a novice,can you explain it to me ? Thank You. Happy Holidays.

 

The chart is a volume bar chart of ES with 8000 contract bars. The top chart contains standard TradeStation Pivots, dots of smoothed price and some special reference dots. The subgraph displays a histogram of a moving window of the balance of trade.The platform is TradeStation.

 

UrmaBlume

Share this post


Link to post
Share on other sites

Here is a chart from this morning's trade in ES.

 

Divergences between price and the buying and selling forces that propels price can often indicate change.

 

In the middle of the chart below you can see that as price (top window) makes a Lower Low, both the indicator of net trade and the indicator of the moving window of the balance of trade made Higher Lows which is referenced as a Double Positive Divergence.

 

 

Please click to enlarge image

tpt665.jpg

 

 

UrmaBlume

Edited by UrmaBlume

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 11th July 2025.   Demand For Gold Rises As Trump Announces Tariffs!   Gold prices rose significantly throughout the week as investors took advantage of the 2.50% lower entry level. Investors also return to the safe-haven asset as the US trade policy continues to escalate. As a result, investors are taking a more dovish tone. The ‘risk-off’ appetite is also something which can be seen within the stock market. The NASDAQ on Thursday took a 0.90% dive within only 30 minutes.   Trade Tensions Escalate President Trump has been teasing with new tariffs throughout the week. However, the tariffs were confirmed on Thursday. A 35% tariff on Canadian imports starting August 1st, along with 50% tariffs on copper and goods from Brazil. Some experts are advising that Brazil has been specifically targeted due to its association with the BRICS.   However, the President has not directly associated the tariffs with BRICS yet. According to President Trump, Brazil is targeting US technology companies and carrying out a ‘witch hunt’against former Brazilian President Jair Bolsonaro, a close ally who is currently facing prosecution for allegedly attempting to overturn the 2022 Brazilian election.   Although Brazil is one of the largest and fastest-growing economies in the Americas, it is not the main concern for investors. Investors are more concerned about Tariffs on Canada. The White House said it will impose a 35% tariff on Canadian imports, effective August 1st, raised from the earlier 25% rate. This covers most goods, with exceptions under USMCA and exemptions for Canadian companies producing within the US.   It is also vital for investors to note that Canada is among the US;’s top 3 trading partners. The increase was justified by Trump citing issues like the trade deficit, Canada’s handling of fentanyl trafficking, and perceived unfair trade practices.   The President is also threatening new measures against the EU. These moves caused US and European stock futures to fall nearly 1%, while the Dollar rose and commodity prices saw small gains. However, the main benefactor was Silver and Gold, which are the two best-performing metals of the day.   How Will The Fed Impact Gold? The FOMC indicated that the number of members warming up to the idea of interest rate cuts is increasing. If the Fed takes a dovish tone, the price of Gold may further rise. In the meantime, the President pushing for a 3% rate cut sparked talk of a more dovish Fed nominee next year and raised worries about future inflation.   Meanwhile, jobless claims dropped for the fourth straight week, coming in better than expected and supporting the view that the labour market remains strong after last week’s solid payroll report. Markets still expect two rate cuts this year, but rate futures show most investors see no change at the next Fed meeting. Gold is expected to finish the week mostly flat.       Gold 15-Minute Chart     If the price of Gold increases above $3,337.50, buy signals are likely to materialise again. However, the price is currently retracing, meaning traders are likely to wait for regained momentum before entering further buy trades. According to HSBC, they expect an average price of $3,215 in 2025 (up from $3,015) and $3,125 in 2026, with projections showing a volatile range between $3,100 and $3,600   Key Takeaway Points: Gold Rises on Safe-Haven Demand. Gold gained as investors reacted to rising trade tensions and market volatility. Canada Tariffs Spark Concern. A 35% tariff on Canadian imports drew attention due to Canada’s key trade role. Fed Dovish Shift Supports Gold. Growing expectations of rate cuts and Trump’s push for a 3% cut boosted the gold outlook. Gold Eyes Breakout Above $3,337.5. Price is consolidating; a move above $3,337.50 could trigger new buy signals. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Back in the early 2000s, Netflix mailed DVDs to subscribers.   It wasn’t sexy—but it was smart. No late fees. No driving to Blockbuster.   People subscribed because they were lazy. Investors bought the stock because they realized everyone else is lazy too.   Those who saw the future in that red envelope? They could’ve caught a 10,000%+ move.   Another story…   Back in the mid-2000s, Amazon launched Prime.   It wasn’t flashy—but it was fast.   Free two-day shipping. No minimums. No hassle.   People subscribed because they were impatient. Investors bought the stock because they realized everyone hates waiting.   Those who saw the future in that speedy little yellow button? They could’ve caught another 10,000%+ move.   Finally…   Back in 2011, Bitcoin was trading under $10.   It wasn’t regulated—but it worked.   No bank. No middleman. Just wallet to wallet.   People used it to send money. Investors bought it because they saw the potential.   Those who saw something glimmering in that strange orange coin? They could’ve caught a 100,000%+ move.   The people who made those calls weren’t fortune tellers. They just noticed something simple before others did.   A better way. A quiet shift. A small edge. An asymmetric bet.   The red envelope fixed late fees. The yellow button fixed waiting. The orange coin gave billions a choice.   Of course, these types of gains are rare. And they happen only once in a blue moon. That’s exactly why it’s important to notice when the conditions start to look familiar.   Not after the move. Not once it's on CNBC. But in the quiet build-up— before the surface breaks.   Enter the Blue Button Please read more here: https://altucherconfidential.com/posts/netflix-amazon-bitcoin-blue  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • What These Attacks Look Like There are several ways you could get hacked. And the threats compound by the day.   Here’s a quick rundown:   Phishing: Fake emails from your “bank.” Click the link, give your password—game over.   Ransomware: Malware that locks your files and demands crypto. Pay up, or it’s gone.   DDoS: Overwhelm a website with traffic until it crashes. Like 10,000 bots blocking the door. Often used by nations.   Man-in-the-Middle: Hackers intercept your messages on public WiFi and read or change them.   Social Engineering: Hackers pose as IT or drop infected USB drives labeled “Payroll.”   You don’t need to be “important” to be a target.   You just need to be online.   What You Can Do (Without Buying a Bunker) You don’t have to be tech-savvy.   You just need to stop being low-hanging fruit.   Here’s how:   Use a YubiKey (physical passkey device) or Authenticator app – Ditch text message 2FA. SIM swaps are real. Hackers often have people on the inside at telecom companies.   Use a password manager (with Yubikey) – One unique password per account. Stop using your dog’s name.   Update your devices – Those annoying updates patch real security holes. Use them.   Back up your files – If ransomware hits, you don’t want your important documents held hostage.   Avoid public WiFi for sensitive stuff – Or use a VPN.   Think before you click – Emails that feel “urgent” are often fake. Go to the websites manually for confirmation.   Consider Starlink in case the internet goes down – I think it’s time for me to make the leap. Don’t Panic. Prepare. (Then Invest.)   I spent an hour in that basement bar reading about cyberattacks—and watching real-world systems fall apart like dominos.   The internet going down used to be an inconvenience. Now, it’s a warning.   Cyberwar isn’t coming. It’s here.   And the next time your internet goes out, it might not just be your router.   Don’t panic. Prepare.   And maybe keep a backup plan in your back pocket. Like a local basement bar with good bourbon—and working WiFi.   As usual, we’re on the lookout for more opportunities in cybersecurity. Stay tuned.   Author: Chris Campbell (AltucherConfidential) Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • DUMBSHELL:  re the automation of corruption ---  200,000 "Science Papers" in academic journal database PubMed may have been AI-generated with errors, hallucinations and false sourcing 
    • Does any crypto exchanges get banned in your country? How's about other as Bybit, Kraken, MEXC, OKX?
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.