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TFC Commodity Trading Forum

Re: somebody correct me/
In Response To: Re: somebody correct me/ ()

I think it's a good idea to be familiar with the price definitions, but as far as helping you "see" any bias in price direction, it just aint there as far as I can tell. If you watch the grains at night, like from 2 to 5 am eastern, you can see some wierd stuff happen but you can't count on anything to repeat or show you direction. I'm talking 1 and 5 minute charts of course. At night, when the book is moving slow, you can see large volume blocks of orders at one penny increments, but sometimes they get hit and sometimes they don't. Sometimes they seem to attract price but sometimes repel it. Watching this price action supports my personal opinion that markets are random....at least from one day to the next. Today's candle gives you NO CLUE as to what tomorrow's candle will be. EVER.

TIMWAR

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