Part of being a successful trader requires having levels that you confident about, followed by a trading methodology that allows you to shoot bigger with a tighter risk profile. Last month gave a precise example with soybeans where, for instance, if you were a 10 lot trader you might buy 5 @ OLB#1 thin $9.23, especially since I had cited a confluence of events at 9.22, and then the other 5 at the OLB between 9.06 and 9.0975. Stop either under $9.00, or tighter depending on your risk profile and time frame. The chart displayed below had these levels mapped out with two sets of
olives. Interpretation of my charts, with two 2- OLB#2’$ (thick) @ 909.75 & 9.06 basis Aug futures, illustrate why you would want to buy beans for a host of reasons, including better odds.
Below are a slew of markets live with many of them again at critical high-impact trading levels.
Let’s talk your levels,
your market
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Some will not make sense to you but the levels are important right here right now for high speed computers
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CHECK THE SOFTS THAT ALSO HIT BUT BUYS WHEN BEANS DID. BUY INFLATION NOW, AND ON BREAKS in my opinion.
Think if your a high frequency trader with me the daily levels when you need one.
These will be the next level, rules of course.