It is obvious to me that each current bar/candle is the product of every previous bar/candle and that current price is an expression of past price activity. The longer i trade the more apparent it is to me that there is always one magic ingredient missing from any charts and that is the ability to determine/anticipate trends. Even with the best prepared chart in the world you still need directional movement with momentum to make money. This is ideally illustrated by the last 2 -3 days of the Soybean market where sideways cyclical movement has made it impossible for me to trade ( hence i have the time for this posting!) as price refuses to break out of its sideways range and yesterdays bean opening was a bloodbath ( see image)
If you look carefully you can see the current Soybean cyclical market -and yes, in case your wondering, i was stopped out twice before i left the office early to get my head together and lick my wounds. The reason i have not been posting recently is that i have been fully 'immersed' in the grains for several weeks and with great success until yesterday but there was no 'car-crash' scenario as i trade with tight stops but still the loss hurt the account balance as well as my pride but today is another day and a fresh start but i am taking a back seat until the 'Beans' show me the direction of the breakout as i am unsure and have no trade plan right now.
This afternoon i am recording the second in the series of my videos and will concentrate only drawing reaction line grids and will post it soon




The difference between getting slaughtered by a market that whipsaws as in the Beans yesterday or the dream of a steady calm uptrend in Corn is vividly illustrated by these two charts. ( also note the RL working price down on Corn in the most recent few bars on the chart- FYI the horizontal dark red line at 772-75 is not a RL but is the previous all time high which has been touched a few hours ago in the european trading session).

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