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, November 21, 2011
Watching these 3 : EUR/JPY, CHF/JPY and EUR/CHF, all 3 showing 50+ pip moves.
Charts are 1Hour sectioned off 24 hours