Observations (an example)

[dbphoenix]

So much for my comments about 86.

 

[Ged]

Question and I know there's no real answer to this but is it wise to play a situation like 86 (in the long run of a trading career) with those other high points above?

emini, my thought is that 88 is just 2 points above 86, and 91 is just 3 points above that. So, to take a breakout to the top side it seems it would be prudent to allow it to clear those levels before making entry.

 

[eminiman414]

emini, my thought is that 88 is just 2 points above 86, and 91 is just 3 points above that. So, to take a breakout to the top side it seems it would be prudent to allow it to clear those levels before making entry.

I was talking about a reversal off 86.

 

[dbphoenix]

As it is, you got a reversal off 88.

 

[Ged]

I was talking about a reversal off 86.

Aha...It seems to me that a level of resistance, with additional levels of resistance shortly above it, would normally not be a poor spot to consider taking a range reversal.

 

[fortydraws]

The activity is peculiar, almost as if price is trying to create a new range bottom at 76.

Apparently 76 is the new 65

 

[dbphoenix]

And now we switch to the SLA.

 

[Ged]

Db doesn't use P&F. It was mainly to summarize the info in the past when computer wasn't available. Now we can stretch the chart and data any way we want.

Thank you Gringo.

 

[fortydraws]

Observation: A possible AMT moment ... (not a market I trade - just practicing my channels)

 

[fortydraws]

Going to track this one to see how it plays out. This isn't about making a call or a trade, but trying to practice AMT. Having said that, I will say that had this been an hourly NQ, the price activity at the mean and then at the upper limit were very favorable opportunities in real time.

This is 4 hour bar interval of the May 2015 Soybean contract. Any errors on my part should be pointed out by DbPhoenix