Price levels of ambigous value????

Discussion in 'Trading' started by retire45, Aug 13, 2009.

  1. Still working to improve my futures trading.. a looooong road. See attached.. My system is to trade Trendline (min 60 mins long) breaks .. No doubt I broke it this morning.. Why?? 1618 NQ looked waaay to tempting for a long, which I tried and lost on.. Made it back on the upswing..

    Sometimes I consider deleting all price levels as they seem to be broken randomly (yes there was negative news but markets handle news as they please). What is the value of price levels if your system doesn't fade those levels??

    Took profit at 1623.5 which has now been casually cleared.:) :( :D :mad:
  2. After all, ANYTHING is possible, right??