THESE ARE NOT TRADE SIGNALS
Calculating probable "Turning Points" Not necessarily the Daily swing (although this is common). Generally "levels" are hit during the U.K. Trading sessions
* I use a 15 to 18 pip buffer (+ spread) Most "turns" are good for 25+ pips BUT, not uncommon for 50+ pip runs
I try to add possible target amounts based on averages.
NO GUARANTEES...IT IS FOREX!!
Thursday, October 14, 2010
Quick re-cap & new levels
EUR/CAD:...Alright..keep in mind levels are for the turn..GOOD REASON WHY I refrain from the word "SWING" as clearly it was neither TOP or BOTTOM..
BUT...A few pips could have been made...I didn't take this trade