One reason why I always use my triptych is that is give me perspective into what longer-term traders are doing and what longer-term charts look like. Even though I have had multiple profitable trades, on the 3-minute chart, wheat has been relatively flat for the past hour. Hard to believe, since I've been very busy. Here is the 3 minute chart. Except for the first 30 minutes, wheat prices have been fairly stagnant on the 3-minute chart. This is why I consider the tick charts to be so indispensable.
Friday, March 7, 2008
Wheat Going Flat!
