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

Divergence on a 1 minute chart at resistance


Another example of divergence at an important level, in this case a 1 minute chart. If we had been watching we may have held off on our first trade and we would certainly had a lot more faith in the second trade. Not that any of this matters now because we didnt see it and didnt take it into consideration. Still a good example to post though.
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