It doesn't matter. Everything is relative. As long as you are scoring like products in a similar fashion then you can make relative comparisons. I do find the pivot levels to help aid in markets which are active overnight because the daily pivot range encompasses the entire 24 hour period.
http://traderfeed.blogspot.com/2014/10/the-real-source-of-trading-success.html Very appropriate article for the home gamers on this thread...
some of you may have missed this, I thought this was good information, you can skip to minute 12 re Europe which is beginning easing/bond buying http://www.bloomberg.com/video/davi...annie-and-freddie-s~bPsCBFSWOmHYM5aPnTFw.html
Hi Mav, I know you answered this on page 9 back in 2011, but do you still trade the weekly bar? For some reason until I read that detail I always thought you held monthly positions. Thanks.
Hello HomeGamers, Per Tuesday’s note: IYR has continued to strengthen. IYZ has consolidated a bit. If it has a successful weekly A up early in the week it could easily move. Steel (SLX) continues to show strength and work off a great deal of negative numbers. The Biotech Sector (IBB) has worked off all its negative numbers and had a 52 week high on Thursday. JJC continues with positive confirmed numbers in the monthly and 30 day. The 5 day has pulled back to 2 but it had to take a breather. Worth watching for fun and grins: UNG. Big down moves this past week but strong daily numbers the last couple of days. The 5 day will lose a -2 tomorrow.
Hi guys, anyone watching corn? It made solid monthly A up, weekly A up and stays above those levels. Also solid number lines. On this thread it was not talked much, but still from original ACD 14d pivot moving average already is crossing both 30d and 50d and starts sloping upwards. All of this after long bear market and such strong and early monthly A up is pretty rare in corn. Combined with bearish sentiments and that everyone is talking about how much corn there is it looks like solid ACD setup. I already own some and am interested what do you think?