Analyze this chart for Monday.

I see one more hint on that chart not stated but yes I went long Friday at the close.


in my opinion this is a high risk trade with a very good Ris:Rew.

If you are betting long here it better be on a complete reversal. Otherwise it just aint worth it.

 

the gap over 1.355 was on major optimism even hallucinations, the GS story on friday pulled out the carpet on this rally.

 

Tom,

That is one of the most succinct descriptions of natural intraday trading I've seen. Well stated!!

PL

 

its always possible that you are right, just not likely. Lets check back in after the close.

 

Knowledgeable pedestrians also tend to know about rush hours, day of the week, seasonal and holiday traffic patterns.

 

Hmm, well looks like a bottoming bar with a nice tail so far...

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=2809267>

 

Nice call so far.

 

Knowledgeable pedestrians also tend to know about rush hours, day of the week, seasonal and holiday traffic patterns. [/QUOTE]

Great addition to the post.

 

closed a few ticks off the high.

 

Anyone seen this lately? How often do you adjust the frequency of your charts?

http://www.forextradingseminar.com/...ng-by-adjusting-the-frequency-of-your-charts/