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TFC Commodity Trading Forum

Re: Nine Buck Beans... *PIC*
In Response To: Re: Nine Buck Beans... *PIC* ()

Here's something a little different. Some long time ago I mentioned, what I call, the metaphysical 1x1 point. Gann, says the 1x1 is up one price unit in one time unit. That creates a line that cuts the square on the diagonal...a 45 degree angle.

On rare occasion, which I think is Gann's more important points...the one's he mentions the least, he words it like...it's moved X time periods and it's on price X. That's different than it move X price units in X time units.

So, bean low on 4-21 will have moved over a period of 97.5 trading days where you see the two vertical lines depicting trading day 97 and 98 TD's.

Notice that price is approaching price 9.75. If you can deal with the thought that 97.5 is the same as 9.75 because price is an arbitrary anthropogenic concept then time has moved over 97.5 TD's and is at the price 97.5.

I put a line from low over 97.5 TD's and to price 97.5. This is not the traditional 1x1 which would have been up 97.5 in 97.5 TD's.

Notice the hghs that hit the line at the little red arrows.

Just something that makes me go...hmmm.

Pull stop up to 950 or a giveback percentage you're comfortable with. This would have been a 3.5 K move from the mighty Nine line per contract...so far.

A beautiful break and test on top of the Nine line.