I’ve been meaning to do this post for many weeks now, but didn’t make the time until today. Several weeks ago, a DTG member complimented me on the DTG ES Worksheet Comments by telling me that they are ‘spot on’. Since taking on the responsibility of posting the daily ES Worksheets this summer from RG who published it for well over 4 years now, I’ve been evolving my the style of how to convey my thoughts on specific areas of ES support and resistance. Many of the levels developed are well recognized and straight forward. Other’s have a lot of activity with multiple key prices or price areas. I’ve been pointing out those price areas by calling them out in the Comment section of the worksheet. I was very hesitant at first about pointing out specific prices within the levels, but you know what??? (most likely thanks to algos), the S/R area usually respected; at least for a few ticks. Now with over 3 months of history behind me, I’ve watched the reactions over and over again, I think the Comments add a lot of value to the Worksheet.
Below is a sample of the DTG Worksheet Comments laid out on price charts with the DTG long levels (the DTG short levels are usually very similar). The charts are from today and last week (I didn’t bother with the low volatility, holiday trading of the last 2 days). All I did was pull the long or short comment from the appropriate level and typed it onto the chart. Members are welcome to comb the past three months and compare the comments with charts.
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