WHEAT Part 2

10. 18. 22 This is part 2 of wheat. Essentially, I am very comfortable with part 1, and it represents how I would frame a market for a trade. However, I can get a trading advantage with a low risk of getting stopped out, getting in at a lower price If I use the 4-Hour chart. The 4-Hour chart has two functions in this case: It gets me in yesterday at a lower price, and it gets me a signal of where the markets had gap hire Which I could not have seen on the daily chart, plus it allows me to see a measured move that would be difficult to see on the Daily chart. In other words, a better trade location at a lower price, and a market pattern that suggests a higher probability that the market will not stop me out right away.... and this helps me manage my time at the computer, and frequently helps me use a smaller stop. I know some of these details that we can have as Traders can be a mind game. Regardless, this is how I frame my trades and manage my Initial stops. Part 1 is where you should start.... Because it's easy and its basic. We are just tweaking things here a little bit on the second part.