newscalper wrote:Thanks. I've just quickly drawn some 15deg angles on the cable chart on the daily. The projections are interesting to me at supdem areas for sure, where cable finished today is right on a 15deg projection.
My blind guess is that the 15deg is covering the two phenomena that can happen namely price can go a certain distance beyond an area before turning, flushing out stops etc or as also happens, an influx of large orders before it even gets to the area.
Am I remotely warm?
It is a complicated idea, one which I struggle to understand myself.
It is best to call it "magic", accept it, and move on