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NW Indiana | Crazy as it seems I actually might have a reasonable answer for you. I think the length of chart you look at is based on the amount of time you are looking at going forward. Say if I am looking at a day trade I am probably only going to look at a 15 min bar chart. If I am looking to sell my crop and have 12 months, I would likely be looking back 12-36 months. If buying a stock to hold onto long term I might be looking at a 20 year chart. Your timeframe is represented in the length of chart you look at imo.
Edit to add: this above would explain why I feel in the grains most people are drawing lines with too much slope unless they are just making a trade. If you go back almost 5 years we are in a horizontal market. Unless the top (4.50) or the bottom (3.02) are taken out then imo nothing has changed in corn. And going back to my fundamentals I don't see that changing unless either supply is disrupted or some major demand news changes. Beans have there own range but imo also horizontal.
Edited by IN555 1/22/2019 14:10
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80% Rule
