Registered: Jun 2009
02-19-12 04:51 PM
Quote from Xspurt:
Here's where I will start my analysis for Monday's open...
The Eur performs as expected if you have been following this thread. Very simple TA: a Rising Wedge break down and pull back.
The weekend PA allowed me to expect the move down and knowing this pattern usually reverses allowed me to call for a 200 pip move up from the lows as soon as long was signaled on the lower time frames.
Same thing happened in the Dow except it was a little more complex as intraday PA formed a double bottom on clear 60m support pushing PA a bit higher.
All very simple: see the pattern develop, look for the signal, take the trade.
eur wedge performs.jpg
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