For our European Scribblers: Someone was asking about hourly bars but I can't find the post. If anyone is interested in that level of trade, don't be shy about asking questions. Those who can't daytrade needn't avoid futures.
I can take a minute now. You'll note that price gave it the ol' college try but couldn't gain traction. There were a couple of false starts on the 1m, no rets on the 5m. The op was presented when price dropped back below the SL. Gotta keep tryin'.
Law of 100s?. 4478 - 100 = 4378?...(j/k DB !) I saw highs of around 4378 on at least 3 daily bars in the past month which will likely be some major support?
I don't define support that way. Unless we're in a range, or approaching one, or we're in a trend channel, I just go where price leads me. Are you interested in this or just window-shopping? If you're still working 9 to 5, you're pretty much limited to the hourly bar, in which case you'd still be in from 4522 or 4517.
Not window shopping, I do what I can between work DB. Still a one car engineer. I see your point on trend channel and hourly bars.