Hi patrickluther,
I've attached my chart of Natural Gas (NG) 60min because it's easier to annotate the WRB S/R Zones on my chart than your chart because your chart has that dark background which makes it difficult for me to draw my zones on the chart.
Quote:
Hi,
My 3 questions are as follows:
1. Is this WRB price analysis tutorial designed for day trading only or can it be applied to longer term trades? I don't consider myself a day trader and prefer longer term trades (several days to 1 or 2 weeks).
2. That said, is WRB price analysis "better" when used in very short term trades than in long term trades or equally profitable if one follows the rules.
3. Finally, if using option trading and trying to minimize transaction costs/slippage, is there a way to control/filter weaker signals thereby creating fewer, but higher probability trades?
thx
#1. WRB Analysis is designed for scalping (less than 1min intervals), day trading, swing trading, position trading (long term trading).
#2. I can't answer that because WRB Analysis Tutorials is not a trade signal...it's an understanding of the price action along with improving whatever trade signals you may be using.
Simply, WRB Analysis will improve your understanding of the price action of Natural GAS (NG) or any other trading instrument along with helping to improve the performance of your trade signals whatever they may be.
#3. Option Trading as in options...WRB Analysis Tutorials not applicable only because I myself have never applied it to options and I'm not aware of any clients that have done such.
With that said, I'll setup your access to the 30 day free trial
later tonight along around 9:00pm est with sending you a confirmation email. Once you enter the private area...you'll see a brief explanation of the WRB S/R Zones on the attached chart to this message post.
Best Regards,
M.A. Perry
http://www.thestrategylab.com
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