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Key levels/Pivots/support-resistance as precious commodity


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Key levels/Pivots/support-resistance as precious commodity

  #11 (permalink)
 
madLyfe's Avatar
 madLyfe 
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amazing one that i use on TOS.. will eventually get it for NT once im totally converted..

FibGrid First Wave Trader

dont believe anything you hear and only half of what you see

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  #12 (permalink)
 
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 cory 
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madLyfe View Post
amazing one that i use on TOS.. will eventually get it for NT once im totally converted..

FibGrid First Wave Trader

he said he uses ewave and fibs to create his grid he may as well say he uses random number to create it. Unless he hands you his computation you will never get exact same levels.

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  #13 (permalink)
 
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 madLyfe 
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cory View Post
he said he uses ewave and fibs to create his grid he may as well say he uses random number to create it. Unless he hands you his computation you will never get exact same levels.

i mean you can see the computation in the code im guessing.. there are a few diff types of computations you can use on some of the harder to find waves of the instruments he did research on. he goes back(most of them 2001-2202 i think were the years) where the first major futures wave was first started, then he uses fib computations from there to project out major and minor fib lines. in the video on that page he explains it in more detail. all of the lines will always be on the chart above and below to matter what, they never change.. the only random lines are from the start of the first major initial wave pattern of the the instrument, then projected outwards using his fib calculations..

here is a quick snap shot of a few days ago(last time i opened TOS to check on em).. those lines are plotted from price action 10 years ago..:


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  #14 (permalink)
 
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 trendisyourfriend 
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I found out this other player in the field of support and resistance vendors:
Support and [AUTOLINK]Resistance[/AUTOLINK] | NinjaTrader

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  #15 (permalink)
 
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 Silvester17 
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how about this one. really like the volume profile and the fib extensions.

Products | Critical Data Associates, Inc.

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  #16 (permalink)
 
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 madLyfe 
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just to show you some recent charts with lines that never move that will always be there.. pretty amazing really, even for inter day trading.. you be the judge:

CL:



YM:


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  #17 (permalink)
 
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 Big Mike 
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madLyfe View Post
just to show you some recent charts with lines that never move that will always be there.. pretty amazing really, even for inter day trading.. you be the judge:

Have you read this thread?



If not, I suggest reading it and really what I suggest is reproducing my test yourself on a daily basis for a few days. The point is better understanding your perception and how the mind works, not that the numbers are at all useful in any way.

Using daily pivots are a bit different, because it is a self fulfilling prophecy. So you might put daily pivots side-by-side with your indicator and see if there is a difference.

Mike

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  #18 (permalink)
 wireford 
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I have been using levels from an outside vendor for 8 months. No fibs are involved so if you require fibs I would not suggest it. When certain parameters are violated the levels are automatically recalculated. They appear on your charts and update throughout the session. They might change as many as 3 times throughout a large range session. This is great for 24 hour markets. When the 6E makes a large move overnight you are not left in no mans land for the US session.

They appear on your NT charts and look and color are adjustable. They come with a simple yet powerful PDF that explains how to employ them. They are not simple S/R lines. They are the best I have ever used.

I have no hound in the hunt but if you want contact info for a free trial PM me.

Will try to attach a JING Screencast to show the level shift on 10/21 at 8:41 AM CDT

This post is a possible dupe as I tried to send it earlier.

2011-10-21_1348 - jingcraw's library

wireford

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  #19 (permalink)
 
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 Massive l 
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Maybe I should sell my levels
To put it simply, I long green/short red and fade white.
There's more to my system that's not shown.

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  #20 (permalink)
 
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 exiledgoblin 
Toronto, ON
 
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Massive l View Post
Maybe I should sell my levels
To put it simply, I long green/short red and fade white.
There's more to my system that's not shown.

Is this indicator available somewhere?

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Last Updated on September 26, 2019


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