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Support and Resistance Traders' Forum

Re: Hey Spike......
By:Erich (vendor, CTA)
Date: Friday, 17 December 2004, 2:36 am
In Response To: Re: Hey Spike...... (Spike)

I've often wondered which fork you concentrate on? As you mentioned it is possible to clutter a chart with multiple forks (or S&R lines for that matter) without trying too hard. Do you work from the most recent (ie. smallest) fork to the largest (just guessing of course)?

Looking at your last post with the Bean contract pic, where in you highlight a green fork suggesting resistance, do you disregard the red line that you have drawn in just below today's low, or do you enter below the red line? If the green line holds do you look at the lower green lines as support targets or do you consider other lines that might "get in the way" as well?

Just curious. Always interested in how other folks "see" the markets.

Erich
http://www.tradershelpingtraders.net
http://www.supportandresistance.com

Messages In This Thread

Hey Spike......
KC -- Monday, 13 December 2004, 5:10 pm
Re: Hey Spike...... *PIC*
Spike -- Tuesday, 14 December 2004, 1:35 am
Re: Hey Spike......
KC -- Tuesday, 14 December 2004, 9:16 am
Re: Hey Spike......
Erich (vendor, CTA) -- Thursday, 16 December 2004, 11:51 pm
Re: Hey Spike......
Spike -- Friday, 17 December 2004, 12:10 am
Re: Hey Spike......
Erich (vendor, CTA) -- Friday, 17 December 2004, 2:36 am
Re: Hey Spike......
Spike -- Friday, 17 December 2004, 9:41 am
Re: Hey Spike......
Erich (vendor, CTA) -- Saturday, 18 December 2004, 5:05 pm
Re: Hey Erich......
Brian Trout -- Sunday, 19 December 2004, 10:35 am
Re: Hey Spike......
Dino Dave -- Sunday, 19 December 2004, 10:48 am