Publishing daily support and resistance levels and price action tips for futures traders and spreadbetting traders.
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.
Thursday, 1 April 2010
1 Hour chart showing support and resistance
Attached is my 1 hour chart, look back and see how the horizontal lines are only based on previous S&R that are very obvious. So I look for S&R on the 4 hour and 1 hour charts and then trade it on the 5 minute charts (usually)
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