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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?


To: jefe12 who wrote (4252)7/17/2002 5:05:39 PM
From: the-phoenix  Respond to of 11288
 
>>929 was R1. <<

Oohh, forgot about pivot lines. Sorry.

In my experience, don't give a countertrend trade off an R1 or S1 much wiggle room, and take some profits quickly if you get them. These levels are relatively weak S/R lines, unless backed up by another sort of S/R level.

Obviously today that would have been a GREAT place to short!