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Old 03-01-2010, 06:58 PM   #1

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I Love Virgins

I have this same journal at another trading message site but I like the people at this one better. Much more willing to help one another here. So...I am duplicating my thread here.

Anyway, the title. I love trading virgin approaches to established (by me) support and resistance levels. I define virgin as a level that has not been revisited since it was created and do not count levels created in the current session. I also do not give as much weight to virgins that have been violated in the overnight sessions.

My vehicle of choice is the 10 year (ZN) although I have been known to occasionally trade other markets if a pretty virgin entices me (6E,CL, ES).

I'll be posting virgins the night before I see them and try to update the levels every morning.

I'll be posting tomorrows virgin plays as soon as I finish reviewing the profiles.
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Old 03-01-2010, 07:18 PM   #2

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Re: I Love Virgins

EB,

Can you post an example of one of your conquests ? From today for instance... Or something you saw before and snapped a screen shot of?
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Old 03-01-2010, 10:43 PM   #3

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Re: I Love Virgins

Quote:
Originally Posted by karim0028 »
EB,

Can you post an example of one of your conquests ? From today for instance... Or something you saw before and snapped a screen shot of?
I'll post some charts soon.
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Old 03-01-2010, 10:47 PM   #4

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Re: I Love Virgins

Virgins - young fresh and clean.

ES /Buy @ 110300
ZN Buy @ 117'04 and at 116'30

There is another virgin at 117'07 but I usually discount virgins as wannabes that have been probed once price comes within 4 ticks. During RTH's price went to 117'08.
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Old 03-01-2010, 11:47 PM   #5

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Re: I Love Virgins

Hiya, any chance of a chart? I don't subscribe to data for any of those markets, but I am interested in what you are doing.

With kind regards,
MK
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Old 03-01-2010, 11:50 PM   #6

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Re: I Love Virgins

It will be nice to see that chart to show your method of locating these untested "virgin" levels. Do you derive them from swings at HUP levels produced from previous day SDs from your market stats?
In any event for the ES I see a “classic” virgin POC working in that price level you mentioned. This may or may not be what you have in mind.
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Old 03-02-2010, 01:11 AM   #7

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Re: I Love Virgins

Quote:
Originally Posted by enochbenjamin »
Virgins - young fresh and clean.


Good luck, I will enjoy reading following this thread. I'm kind of interested to see how you trade around these levels.
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Old 03-02-2010, 01:13 PM   #8

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Re: I Love Virgins

Would you consider 1125.75 a virgin level on ES? It hasn't been touched since 1/20.
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