tag:blogger.com,1999:blog-9032445040623191995.post4238232793280897772..comments2023-09-10T02:56:07.392-05:00Comments on E-Mini Player: EMini S&P 500 Futures Trading Education and Analysis: What's the risk?E-Mini Playerhttp://www.blogger.com/profile/08254731622932971485noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9032445040623191995.post-43756152611865533192009-08-25T11:24:03.225-05:002009-08-25T11:24:03.225-05:00Thanks GD. I can assure we are all still learning....Thanks GD. I can assure we are all still learning. Trading is a school you can never graduate from because you will never "know it all". But you can get better and better. And that's good enough. Don't let what you don't know stop you from using what you DO know. The need to know "everything" is a fools game. Just aim to get a little bit better each day.YM-Traderhttps://www.blogger.com/profile/16760248132339283482noreply@blogger.comtag:blogger.com,1999:blog-9032445040623191995.post-79746804004762097132009-08-25T06:25:36.451-05:002009-08-25T06:25:36.451-05:00That's a nice post YM-Trader. Thanks a lot! It...That's a nice post YM-Trader. Thanks a lot! It boost my self-learning in trading! I also like the post your partner, Ziad, posted months ago about "becoming successful trader". I am commending him too. These kind of comments are important to my learning. Thank you guys!TraderO7https://www.blogger.com/profile/14048661364811222111noreply@blogger.comtag:blogger.com,1999:blog-9032445040623191995.post-39217159740866279762009-08-24T14:03:35.274-05:002009-08-24T14:03:35.274-05:00I look at a 400 tick chart of the YM and look for ...I look at a 400 tick chart of the YM and look for major intraday pivots, gap closes, HOD's, LOD's, the tops and bottoms of consolidations, and where volume spikes play into any of those levels. The more touches the better, especially where volume is generated (I look at 1 min volume bars). Everyday I write up these levels and keep them on paper, so I can flip back and see what was going on that day. I have found these levels work all the time, no matter how far you go back, as long as they are still "virgin" levels. I am always "looking to the left" on the 400t to see what prior price action the current days market is getting ready to run into. But you can't just look at a current chart (for example) and "look to the left" to see what the prices are IF there has been a contract rollover or two since then. The prices I plot are the prices at that time the prior pivots etc were printed, which is where the old daily worksheets come in handy. I also keep some screenshots of old charts so I can see them visually. The key idea is to "look to the left" until you hit prior price action for the first time. Once a level is hit it is erased at the end of the day and new ones are drawn, based again on "looking to the left" for price action the market has not tested yet.YM-Traderhttps://www.blogger.com/profile/16760248132339283482noreply@blogger.comtag:blogger.com,1999:blog-9032445040623191995.post-23054449583276339182009-08-24T13:33:34.653-05:002009-08-24T13:33:34.653-05:00The chart states 9534 is a S/R level drawn from la...The chart states 9534 is a S/R level drawn from last November. From your experience, how far back can you go to get a "relevant" S/R level? Also, what time-frame was used to get the 9534 level?<br /><br />Thanks for sharing!E-Mini Playerhttps://www.blogger.com/profile/08254731622932971485noreply@blogger.com