Not sure there is a grail, I have been searching for over 10 years LOL You Just have to know the areas that will be tested and do not trade with a bias Actually there is a grail I found it a few years back is was myself I was the only person getting in my way of trading by saying ( it can't go any lower) or (no way will it go there) and then blaming the market for the losses Take responsibility for all and I mean all of your trades winners and losers ( it is never the markets fault weather you win or loose And thank you for the kind comment! Take Care, Joe Baker
RE: Prof. Charles We will see if the level holds if so we work our way back up If not we will watch at 10:00 and we use an ATR indicator that gives us the targets I will post a screen shot with the levels I mentioned the 1257 area for 4 days now, that was the low from 3-17 when BSC went bust WE NEED TO HOLD THAT !!!!!!!!!!!!!! OR 1250-1221 ouch!!!!!!! SO WE SHALL SEE What is important when trading is knowing where the traders are meaning what level ( price that is ) if traders get short at a lower level and the market does not break ..........well you know what happens -SQUEEZE- even in a bad tape we can get a punch up till they are out Trade with caution !
Trading under 1283.50 we where looking for shorts then posted a level below 1265.00 would be 1261.25 LOD 1261.00 This is just a numbers game floks but we still have to hold 1257 or BOOOOOOM