Wednesday, 8 February 2012

Corn...chart clarified

Just incase you can't get your head round the Corn charts below here the simple controlling swing and the reaction line that i refered to below but you probably cant guess which one it is. Also if you read this blog you will know that i am preoccupied with line location..the idea that where a line is in the 4hr is not the same as in the 60 min...see the reaction line above. The RL is not touching (but close) in the high time frame 240 min but in the 60 min its pierced the r-line....this is what i refer to and for a tight entry and no false signals you ( I) need to know exactly where the line is and where the reaction ( support/resistance) will be.

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