These are the New Expanded Levels of this market. Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these future points of support and resistance . These levels have become my propriety Trend Reactionary Numbers that through natural market movements need to be adjusted. You will ascertain with the help of my TRNS that market movements assemble themselves into a few conspicuous types of action that have a certain orderliness. This orderliness is the price expression of human nature, or market psychology it is where we get to watch what drives traders to do what they do. It is a picture of the most powerful human habits. The habits of Fear, Hope and Greed are all charted out for us to observe and take advantage of.
@umark1715, It would not be professional (nor am I a CTA) for me to comment on your position. I trade following my rules and you must trade following your rules. Besides I would never be able to tell you when to buy back(that time may come at 3AM somewhere in the world.) I will offer a brief idea from a story I read years ago went something like this; Trader Jack: " This position in cotton is keeping me up at night, I am making money but a bit nervous what would you do Trader Tom?" Trader Tom: "Sell down to the sleep level, keep your stop at or near your average to calm the nerves!".
mbn_global
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heavy sellling has been done on weekly
Tommygunn
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@mbn_global, Yes sir the Market Paradox at work "Markets are taken lower to create better Buying opportunities for the strong hands; Conversely Markets are taken higher to create better Selling opportunities for the strong hands" Rinse and Repeat forever