FYI as one point of view: "Conservative Fed is good reason to be a bull on bonds" Hugh Hendry http://www.ft.com/cms/s/0/c88c798a-398d-11de-b82d-00144feabdc0.html
jfut, a) Keep in mind that the chart I showed is one of my basic charts. I look at others. Yes, I always have some type of hourly S/R over a 5 min chart. This is key in my opinion. I don't look at a 4 hour S/R. b) The three lines can be thought of as a variation of a daily pivot. I probably could only trade off of the chart I showed and not look at anything else, but here is what I look at currently. It varies from time to time, i.e. sometimes I only look at one of the below, in particular I had a 3 month run with Market Profile only, taking a small 2200 USD account up over 10K. I did it as a form of self documentation. Going back to a small account prevented me from doing some of my other sizing techniques that are only possible with an account size between 10000 and 30000 USD. 1) The chart I posted. 2) A 1 min chart with a special Holy Grail pivot that came to me in a waking dream. Yes, really. It works remarkably well. 3) A 4 min chart with various specialized neural network indicators, primarily variations of Ehler's stuff. Remarkable results with taking spreads of his cycle stuff. 4) A 15 min chart with Al Larson's special wave structure. 5) Market Profile. Of the above, the 1 min and the 4 min get me in my trades. The 1 min gets me out as well as S/R targets derived from MP and the 15 min. Everything remaining is simply confirmation and S/R. MP is quite remarkable for S/R. Regards, John
they bought all one issue old 3, 10 yr auction please come so we can get out this range the last 3 days f$cking sucks!
Do you think that the slower money (FED) are buying and the faster money are selling? Or is it just a holiday brake and the locals are playing ping-pong? The Japanese are missing taking care of the cheery trees.