If you compare the 8000 tick above and the 20 minute below you'll notice that while the 8000 was giving a buy signal mid morning the 20 minute was signalling a lower market with "LML" about noon.
On the 480 minute chart below we have a serious event. We broke below the bottom trendline of the channel we've been trading in since August. We need to watch for a bigger sell-off and also a powerful upthrust. Exciting!
On the 480 minute chart below we have a serious event. We broke below the bottom trendline of the channel we've been trading in since August. We need to watch for a bigger sell-off and also a powerful upthrust. Exciting!
Looking at the 4000 tick chart below we get an idea that the volatility is picking as well as the spread. As they increase so do profit opportunities. And for our opponents the risk increases. AT 65 points per contract we're up to $3,200 profit per contract potential. Of course, we're just doing this for entertainment.
Below, the 240 minute gives us another view of that poke through support. There's a chance that we may get a bounce out of this area. I don't know now but I will know when it's time. Price action for the last three days appears to be probing for supply -- looking for buyers and demand.
WARNING: Trading futures involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if trading futures is suitable for you.
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