Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Out of the Thousands of possible set ups, why.

My stab at an answer:

It is an inherently simple rule and one that can be see very easily on a chart. It is just price action. Additionally, and more importantly in my estimation, is the prevalent martingale-ish attitude amongst many traders with respect to reversion to the mean sympathies.

The market is down 10 days in a row. It is "due" for a reversal.