Monday, February 13, 2012

futures: start with bigger picture

I'm getting chopped because I'm not seeing the BIGGER PATTERNS -- namely /es is bouncing off a trendline and provides easy entries.

/6e I noticed several times but did not capitalize.  Once the major support/res. areas fail or hold -- the move is usually swift until the next support area.   The candlestick indicators only really work at the sup/res. areas.

Today I got chopped in /tf --- I was too early and finally at 824 -- it was a top and move 2.5 pts.  It hit this area and completed a triple top (rising channel) == but still.   The pattern was crystal clear -- the main thing is to identify areas of resistance on 10 day charts first.  

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