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Hello Happy Traders !!
Sugar Oct 8/2/01
Look at what this Sugar is doing. You all know that Sugar trades at 11.20 per
.01 move.Its a good market to put on and take some time off cause when it
moves it just keeps on going. Treat it like the Maytag Man. Just place an
order and set back.
What I have done here I''m using 1/8''s and 1/3''s.All you do, is take the
last Low and High. Get the range then divide it by 8 and then add 1/8 from
the low, working to the top. Then take the Low and just divide it by 8 also,
and add this 8 to the low also working towards the High.
I use the large swings and then come in with the smaller swing''s that was
inside of the last large swing. I also like working mostly with weekly
charts, cause you "do not" get whipsawed as much. (At least it works for me.)
There is also the square of 9 on this chart. Look for how 9 plays with the
price and time. Also Astrology plays a roll. Here you will fine price lines
taken from the Planets as they are on the days shown. This is sample to
learn.
If you are this far along in Trading, then learning Planet movements will be
a walk in the park.
On this Chart I did take out the swings although they are of great help. Just
wanted to clean the chart up a bite so it was more clearer to see things.
This is just my view of trading, perhaps some may fine it helpful while
others will not.
After all this is why we post on here to share our thoughts and what we use,
right?
So watch this Sugar and see how it turns out.
Happy Trading
Randy
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