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Setting effective trade zones


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Setting effective trade zones

  #1 (permalink)
Stonemtn
Stone Mountain Georgia United States
 
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How does one go about setting trade zones for the emini? Is there a better method than pivot points?

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 wldman 
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none more watched than pivot zones. Many desks look at 200 period moving average but that will depend on the timeframe you are looking at. I'd look around for both of these and give them a review.



You may also want to check out the VWAP discussion.

Good Luck

DB

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pchan
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Stonemtn View Post
How does one go about setting trade zones for the emini? Is there a better method than pivot points?

I noticed that you use market delta. Market delta has a superb volume profile feature. If you go to YouTube and search for FuturesTrader71 he has some videos. Also on the BigMike YouTube Chanel FuturesTrader71 has some great videos.

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termn8er
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Definitely start with Pivot Points. You will be amazed if you just start there how often price bounces off of pivots. Other things you can mark on the charts, previous days close, overnight session highs and lows, prior days high and lows. All of these are areas where price was defended one way or another. Are they each as important as each other? You have to decide, but usually if a few lines, line up together, that is a good indication that price might have trouble getting through it.

Good luck!

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Last Updated on August 13, 2013


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