What does your system do when it is wrong?
Here I have the tiny feeder cattle contract but it is the same method pretty much. If I get an area that is an olive sell denoted here and it is taken out to upside, what do you do or what does it mean you ask?
I call that an OLS VIO for violation in which I describe characteristics as
This is yesterdays chart that was posted showing how we stop, then give you a chance to get out, possibly scratch,
Now lets look at how this played out in meats something I do not trade. This is the value of knowing this setup and formula’s
WHEN OLIVE IS WRONG IT IS REALLY WRONG.
Now here this is short term sell level at thick OL. Notice how the HFT bandits have trading automatically programmed to scratch this short sell. After having two bars at highs and then one bar that closes above (this is exact artwork that flips them ) then the next two lows of the bars become support.
Then the algo’s go into action and push it up fast to the targets which is that offensive pink fusia which is the exact high the following day. This by the way is what happened in the stock market afteer Trump won but was much longer term. Yes we are now up 20% in stocks and have hit some but not all targets in stocks.
Call for explanation and why you need this helpful trading tool of mine that took 10,000 hours to get a trader methodology and rules for.
Same rule all markets if it works in feeders is my take. Do you see it?
Here are a few other markets, hogs has a sell on it, stop priced accordingly but this is a winner.
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Below is oilshare, long bean oil short soymeal. It charts wonderful and plays olives because it is only seen on high priced software. I highly suggest you hire an expert for location at $30 a tick. Yes that was a $30,000 rally up to the OLS 37 handle, and a 1970’s buy at 27.40 last year. This is a different month. What, did you think they make it easy? Thats why extremes are what I had to specialize in.