[DbPhoenix]

Yes to both. As to the former, I pretty much follow the drill posted in the Trend thread (post #4). It's not for everyone, but it suits me.

[DbPhoenix]

Referencing the macro posted Friday (post #60), and my earlier post today (#61), here's how today's low -- so far -- relates to the midpoint of the most recent trading range:

[DbPhoenix]

Originally Posted by DbPhoenix »

For the time being, 1950.

And it bounces off 1949.

[Susana]

DbPhoenix,

My only concern is that with so many horizontals, eventually one could be given an attribute.

Susana

[DbPhoenix]

There aren't "so many". There are only the support and resistance pertinent to where price opens. This morning, there were only two pertinent resistance levels: 2000 (the past month's trading range) and 2010 (the past ten days' trading range). Price opened and found resistance at 2000.

[Susana]

DbPhoenix,

Thank you for responding, I take your advice very seriously.

I must ask, i use Ninja as my platform, any suggestions for continuous contract analysis to apply this methodology, i cant think of any except for expensive additional fees.

Thank you again.

Susana

[DbPhoenix]

I use Sierra and pay 17.50/mo (14.60/mo if one buys a year). No need for anything expensive. All one has to do is draw a box. He can do that by printing out a free chart from somewhere and drawing the box with a pencil.

[DbPhoenix]

In the event that the origin of 2000 is unclear, I've drawn a box around the entire month. If this seems too discretionary, take the midpoint of the upmove from 1940 to 2060 (the red line). There is also the demand line, which crossed 2000 on Friday.

One must then, of course, take the trade.