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!!
Monday, October 18, 2010
re-cap & update
EUR/GB: THE CHART TELLS THE STORY...
US/CHF: Once again...math rules..
US/CAD....ok...it was bound to happen ...not much going on there..
Getting too "sloppy"...8 pip spread and 40+ pip moves...time to put that one away for now....we had a great run, but the equation is changing.
*..I am noticing this across the board though and tonight I'm only posting 2 and a "heads -up" on a possible trade looming with AUD/CHF
EUR/GB: .8806 / .8735 AGAIN LOOKING FOR 40+...Keep an eye on levels /if price hits top, then bottom and reverses...look for possible repeat/ at least 50%
US/CHF: .9643 / .9539...Seems to be a bit range bound for now with downward pressure...looking for 50 p move
AUD/CHF: Look at chart
May be worth keeping an eye on for a possible short