ADEQUATE range is EXACTLY that! Previous day does not matter, what matters most is TODAY. Draw lines where it is very OBVIOUS, for, if you look too deeply you are entering Da Vinci code territory The Generals are idiots who do what they are told, and, as such must be looked at in that way. Remember, if we do what everyone else does, then, we will get what everyone else gets. Think differently to most, and, pay no attention to what anyone says, for, there really are NO EXPERTS, apart from The Expert, of course As you can see, we can always say what might or might not happen, but, it should never influence what we do, for, we must always trade in line with the current activity, else, we might just get caught out and be relieved of any profits we may have recently accumulated. As for the $1 Mil, well, no one ever said making money was easy, but, the more you can make the more you will make TE
BDX Becton Dickinson and Co (us;BDX Q 75) 21 May 2010 Last Trade 2.12 Trade Time 05/2010 Change 1.07 Bid 0.0 Ask 0.0 Open 0.0 Previous Close 1.05 Days Range 1.65 - 2.35 Contract Range 0.6 - 5.0 Volume 109 Open Interest 1704 Strike Price 75.0 Expiration Date 21 May 2010 Type PUT
Thats taken from the last hour, so you establish a range as you go along, a swing high and low , then work from that?
Expert, Would you rather enter if price penetrates a level or bounces off a level? Or.... If it penetrates a level, wait for the retest of the old support /new resistance vice versa ? Thanks