spx h2 data we still have not hit the sweet spot we have tested a previous breakout point....not the trend as yet trend gets tested at the green line...currently in 1590 region
SB #11 (Sugar) Daily 3x1 (30 tics) P&F Includes gann lines. Watch the 45 for significant hints on continuation or reversal/dead cat. FWIW, gann lines with p&F can be very potent as turning point/trend change trigger. It's all about the angle, which fits very well with P&F. L to L or H to H once a long-term trend is established. H to L, L to H, not so much for long term trend changes, imo. Trade On!
Hi Tiddles good to hear from you if gann confirms..then that must be good here is a weekly line chart of sugar for all to see 3 years data in a downtrend
i dont trade sugar it clogs my arteries...lol here is the latest downtrend on hourly from may 7th looks like its goin to test the tr end
I've traded sugar since the 90's. Back then, software and feeds were so expensive, I would P&F daily by hand on graph paper! Truth be told, sugar is my favorite market for swingin. I also have a big Quadrille desk pad on my trading desk. No doubt sugar is in a solid downtrend. And likely to remain for some time yet. But It sure is fun and fattening to catch counter moves when/if they occur. BTW Dentist... if you get a spiff for BEB referrals, send me your info. I may pick up a license in the near future... P&F is alot of fun, and esoteric enough to be quite profitable in the right hands. And BEB kicks butt for P&F! Thanks for maintaining this thread. Trade On!