If you trade the S&P 500 Emini Futures, or trade the Nasdaq, Dow Jones, Rusell mini futures, or if you trade Crude Oil you need to check out http://www.sceeto.com for one of the worlds most advanced indicators. A no obligation Free Trial is availible.
If you trade the S&P 500 Emini Futures, or trade the Nasdaq, Dow Jones, Rusell mini futures, or if you trade Forex and Crude Oil you need to check out www.sceeto.com for one of the worlds most advanced indicators. A no obligation Free Trial is availible.www.sceeto.com
Live Trades Emini Trade Room Report On The 20th Feb 2013. well today was another outstanding day for sceeto and Follow The Bots . get a free trial at http://sceeto.com/user/register and also our live room at http://www.FollowTheBots.com . Knowing the market map for the expected range for the day and using sceeto to confirm the move down a lot of our users caught aprox 15 points today on the Emini futures not bad at all. Our indicators detected very early that the market was moving down and this was cofirmed each step of the way. Remember our indicators do not lag and you also would have had the information from Follow the Bots from the nighth before so you would have had a lot more confidence entering the trade downwards.
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If you trade the S&P 500 Emini Futures, or trade the Nasdaq, Dow Jones, Rusell mini futures, or if you trade Forex and Crude Oil you need to check out www.sceeto.com for one of the worlds most advanced indicators. A no obligation Free Trial is availible.www.sceeto.com
A great 8 point move on the Emini caught by Sceeto and Follow The Bots on the 19th Feb 2013. Sceeto monitors high frequency trading as well as order flow and alerts you in real time right on your charts. Get a free trial here http://sceeto.com/user/register . Combined with our new website http://www.FollowTheBots.com where bill Duyrea gives excellent overall market profile as well as the daily support and resistance price targets it is a great combination. Our users today are raving as to the great 8 points they captured thanks to the two together. If you want to try make points rather than ticks you realy should consider joining us for our live calls and alerts. Everything is called out in advance and a market profile is given the night before. Change your trading for the better with sceeto andFollow The Bots, we are sure you have never seen a Emini live trading room quite like it.
text courtesy of Wikipedia Creative Commons Licence
Proactive support and resistance methods are 'predictive' in that they often outline areas where price has not actually been. They are based upon current price action that through analysis has been shown to be predictive of future price action. Proactive support and resistance methods include Measured Moves, Swing Ratio Projection/Confluence (Static (Square of Nine), Dynamic (Fibonacci)), Calculated Pivots, Volatility Based, Trendlines and Moving averages, VWAP, Market Profile (VAH, VAL and POC).
Reactive support and resistance are the opposite: they are formed directly as a result of price action or volume behaviour. They include Volume Profile, Price Swing lows/highs, Initial Balance, Open Gaps, certain Candle Patterns (e.g. Engulfing, Tweezers) and OHLC.
A price histogram is useful in showing at what price a market has spent more relative time. Psychological levels near round numbers often serve as support and resistance. More recently, volatility has been used to calculate potential support and resistance.
Both proactive and reactive support and resistance methods have merit and form a staple part of any support and resistance based trading strategy.
Identifying support and resistance levels
Support and resistance levels can be identified by trend lines. Some traders believe in using pivot point calculations.
The more often a support/resistance level is "tested" (touched and bounced off by price), the more significance given to that specific level.
If a price breaks past a support level, that support level often becomes a new resistance level. The opposite is true as well, if price breaks a resistance level, it will often find support at that level in the future.
