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!!
Tuesday, December 7, 2010
EUR/JPY took off...missed projected range a bit...I'll keep working on that
GB/CHF 1.5533 short...stop above 200ma
GB/JPY only 14p away from projected 'turn' (short) 1.3165