Cm roadmap
- Thread starter chappy
- Start date
What was the goal of this thread?
Because, except from showing graphs with horizontal lines without any further details, it was pretty useless. Unless you have something to sell....
Lol,No Sir , I have nothing to sell you .My only reason for posting is to help some struggling trader .But , you are right , I didn't give much explanation . The purpose of this method is to show where and how far the price will go on any given day . If you knew at 9:35 est.where the market will Most Likely travel during the whole session , would that be helpful in your trading ? It certainly is for me ,and has been for several yrs. now .Here is a better explanation by Austin Passamonte .https://tradingmarkets.com/authors/Austin_Passamonte
Now today was pretty much chop-suey ...but even so if you had entered long or short off the opening range (first 5 min candle ) and kept a close stop , you could have made a few points .Personally I rarely enter a trade inside the range ,I am only interested in a possible trend starting from the open or from the close of the range .Please don't take my word for any of this ..plot the fibs on a chart and just watch it for a few days ..I know you will begin to see how magnetic these levels are ..
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