Search results

The last 2 mornings have been pretty straight forward my challenge will be when we get a narrow range day!

been choppy since 1015 cst but every swing high has been equal or lower then the one before.

now the hard part for me is the main trend today has been down but now the fanned out supply line is broken hard for me to go long on a retracement with the down move

no sorry misunderstood your question

once we made another low the fanned supply line would be my exit point

new low allows for a fanned supply line

stop would now be 1 point above the last swing high of 3385.75

steeper supply line which can be drawn on the retracement

I saw a short entry at 3394 using the 905 bar as my supply line!

the lower high at 905 allows you to draw a supply line

supply line

supply line can be drawn at 905 cst

Pretty straight forward especially for a fed day!

This is the exact reason I like trading 2 contracts and taking 1 off and letting the 2nd run until a supply or demand line is taken out it really takes the pressure off of you and if the trend continues you simply re enter on a retracement and start the process over again!

Thanks db I'm looking forward to this again

that it couldn't go lower than the mid point of the range

Are you talking about the weekly or monthly channel?

Thanks Niko I noticed that after I printed out the whole day

There were a lot of lines today but depending on your method there were some trades today and the lines kept you on the right side of the trend even though most were short lived!

agree we have been in a trading range between 3331-3337 since about 11:50 cst but still demand and supply lines to observe