Interesting Don. I've been playing with a similar entry system as the one you seem to be using whereby you take a long or short position based on the market's entry relative to the pivot points for the day. I'm finding that it works pretty well in cotton and sugar, but haven't tried it much on beans (but I will). It does require a little more finesse, and seems to be especially useful for day trading.
While I haven't "perfected" it yet, what I like is that it can lead to better fills and greater profit is some of the bigger ranging markets - like cotton - than by waiting for a resistance break. The trade off, of course (and there always is one) is that you are a little more prone to whipsaws; however the risk amount is usually quite small.
You must really like dem fadin' day's like what we saw in March Wheat yesterday.
Erich
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