Last post...bean trade over. Out of the trade from 90 to 135...45 degrees. Stuck in a range 142.5 to 135 showing strength. 142.5 being the half way between 135 and 150. Price poking around top of range. Looking to break out? Been 33.75 days in contact with and within that range...today.
One might contemplate what happens should 1425 fail to contain. If price breaks out of this range to the top side. Higher price still yet, perhaps.
This is that place I warned about when the last trade was so abruptly aborted with a weak longs fishing expedition by the bigs???
This is the place that determines the size of your trading cojones. Do you have big enough ones to pounce, should price indicate it's time to do so.
Put to risk some of the last moves profits or sit around with your dilly danger in your hand?
Best picture...breaks 142.5...comes back for a test after 3.75 days and then launches for another run...as it usually does if it's going to run.
Does a fish know it exists in water? Did we know we existed in air before we figured that out? More importantly did we know, do most people know even now, we live in an electromagnetic field that rules our everyday existence? Why do electrons orient themselves according to the rules of electromagnetism? Why, when minerals grow into their crystalline form, do they form to the geometric solids? Cubic, hexagonal, tetrahedra, triclinic, etc. Yes, because of the orientation of electrons.
Should we declare ourselves imminue from the forces that rule the workings of the universe or should we submit to the recognition that we are controlled by those forces by recognizing and using them in the trading chart?