If You Can Draw A Straight Line . . .

that 86 was last nights high.

 

Hmm, yeah. Somewhere around there with a 1 point difference.

P/s: Suddenly notice that we should be posting more on the straight line matter? Considering the "title" of this "journal".

 

This is what I see. Last nights high and the bugle.

 

That would be nice

Most of you are trying to surf, and you're getting more and more muddled. There's not much I can do for you since this isn't a scalping thread, but if you're determined to trade when conditions are so unfavorable, there's not much I can do to stop you either.

Therefore, at the risk of appearing rude, I'll answer questions that have to do with the subject of the thread, but the rest will be, shall we say, unattended.

 

Thanks Db, I see that range now you have defined it. I will try and include ranges that I think are in play in the pre market observations.

Just eyeing the chart now, do you think this is part of the bigger range back down to 60-62, with 74 as a midpoint ? Is this on the cards ?

 

No idea what's in the cards, but, for now, we're in a range from 86 to 74 with a midpoint of 80.

 

I see what you mean about this being a small range, especially when comparing it to the range between 3145 and 3060. Many more opportunities.

I must pay closer attention to the ranges as well as the behaviour of buyers and sellers.

Thanks

 

Something else I only noticed or discovered recently if you like.

The importance of drawing the range from the previous day.

After drawing that range, then looking back at previous days. Low and behold we can be in a multi day range.

This is a simple and primary way of discovering what might e in play.

Thanks

 

Always start with the daily. See post #1.

 

From Zen and the Art of Poker: