Hello Mypivots,
As of this writting the High on the ES was 1254. If we take the low this A.M. @ 1243.75 and get the Square root which is 35.26684 and add (since it was a low, If it were a high then I would subtract .146) then I square the number by itself i.e. 35.26684 + .146 = 35.41284 now we square 35.41284 x 35.41284 =1254.06 or 1254 which was this A.M.s first high. I didn't trade since I didn't have another signal. I missed a great short, but I would rather follow my rules then trade on a whim. Also .25 works good and .382.
Todays high 1254, find Square root and subtract .25 and square it is 1236.3 or 1236.5, this may be a good trade since 1256 is another one of my numbers.
Happy trading
Joe
CH
CharterJoe
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Longed @ 1241 because its Sq root -.146 and daily pivot out +2 points, I exited at 1243 because 1243 is one of my S/R numbers Square of nine.
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CharterJoe
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Next target is 1231.5 and also 1232.16 is monthly pivot. May not hit it today but is still good for monday. Also 1231 is Prime number.
RE
redsixspeed
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Joe; The .146 (1225.50) Friday was in an area where I had a marked support. The .146 was just under my support but did confirm that support area. Using the theory of old support/new resistance, if we close above resistance I stay/w it; as the resistance is now support. Enter .25 then .382 ect. I use volume, short term candles, and RSI to aid in my decision. My job this coming week is to fine tune.
Hope you catch a 10lb Bass your next fishing trip to N.C.
Hope you catch a 10lb Bass your next fishing trip to N.C.
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CharterJoe
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Todays low 1200.75 was just under the daily pivot and was 127% of the range from the lows in Jan to the highs in march. Also 1201 was a prime and the one min RSI was oversold. A nice pop up, 1 point shy of the .146 Sq root from the low. 1217.25 (weekly pivot) and 1217 is a prime and also some major resistance there and the 1220's if we start heading up today. If we get below 1200 (127%) look out bulls, but on a daily sence were close to being oversold if not already there.
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CharterJoe
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I am short @ 1220.75, my hand drawn 30 min chart has some resistance @ this level (45degree angle running of the july 9th highs) and 1225 and 1223 is some strong resistance. This is a tad longer term for me.
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CharterJoe
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I covered at 1212.25 +8 points. reason for exit RSI 1 min was close to oversold.