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.

Tuesday, 6 April 2010

Levels




I spent some time deciding between the two levels on the attached screenshot this morning. In the end I felt the lower level was stronger, I expected prices to perhaps slow down once it reached the higher level but then continue and get a bounce off the lower level. In the end it touched the higher level and bounced up.
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