I've set up this blog to post some of my analysis and trades. I trade the E Mini S&P futures contract based on price action, mainly PIN bars, along with support and resistance, fib retracements and divergence. I will be posting important support and resistance levels each day including some levels based on market profile.

I will also post trades that I made trading off the 5 minute chart on the ES (e mini S&P) and occasionally trades off the 1 hour timeframe although they occur less frequently.

Monday 12 April 2010

Fib retracement


I've now drawn a fib retracement from the low of 1171.25 to the high 1198.25, the 50% fib is on the same level as an old resistance from 8 April at 1184.75 and the 78.6 fib is right on a support level from 6 April. I will be watching these levels for confirmation before taking any trades.
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