Trading without indicators (ES) Summary

This is the first compilation of the "Skim - what do you think of this?" thread, as started by Stoploss late last week. I'm afraid I forgot to convert some of the charts to a different format before inserting them into the .doc , so because the file is large-ish I've had to split it into two documents, one about 700kb and the other around 600kb, because the T2W database won't take attachments bigger than about 1MB I believe, so...

....if, as Newton Bomb says on his dow summary thread, people can post their charts in .jpg or .gif format, that makes it much much much easier to insert them into a word doc (that means you, Stoploss! ) and I can post in one attachment next week. You can, of course, always cut and paste the two documents into one, once you have downloaded them from the site.

I've edited some of the posts for simplicity's sake, and not entered some posts because they arent 100% relevant to the title of the thread. If you don't like it, then let me know.

Any recommendations / comments for next weeks compilation welcome, please post your comments on this thread and I'll make a note of them. Otherwise, I'll assume everyone is happy with the format and layout.

So, here is part one -

And part two...

To add a bit of structure to this discussion, I thought I do the following.

Pre market :

Post S&R based on the previous two days price action and S&R obtained from a pivot point calculator. I am now monitoring both mainly to see if the pivot point calculator has any merits.

Possible pattern scenarios obtained from the 60 and 10 minute charts.

Post market :

A summary of the days action.

Tell me what you think.

Kind regards
Andy

Thanks to everyone for this informative thread and to the compiler across the Pond

Hi

S&R are obtained from the previous two days price action. This is where I think they should be. It would be good to hear if anyone has different calculations. These levels have been taken from a 15 minute time frame.

S&R

1052.25
1047.25
1043.50/1042.75
1038.50
1034.75

Pivot points, all obtained from a pivot point calculator.

http://www.stelaronline.com/resource/pivot.htm

R3 1065.50
R2 1058.75
R1 1048.25
Pivot 1041.50
S1 1031
S2 1024.25
S3 1013.75

Fib levels from low of 30/09 to high of 15/10

25% 1037.34
38.2% 1028.62
50% 1028.84
61.8% 1013.05

Other areas of interest,

Higher gap level at 1024.25. This equates to S2 obtained from the calculator.

Lower gap level at 1021


Kind regards and happy trading
Andy

Stoploss - sorry, I sort of had the idea that this thread would be purely for posting the SUMMARY of the weeks' events, and that you would run a seperate thread each week like CM does for his dow thread?

It'll just keep the boards a bit clearer I think, rather than creating a seperate thread each week for the summary, and if people add subscriptions to this thread, they will know when it receives a new weekly entry. Just a thought.

RR

Hi mate

Yes I reposted my post under ES 20/10 24/10. Is that ok.

Cheers
Andy