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Old 01-23-2008, 06:41 PM
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tonymand tonymand is offline
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Join Date: Jul 2007
Location: Perth, Western Australia
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Sweet Pip, just remember what timeframe you are currently aiming for. I look for a strongly trending 4H. So on EY and GY at the moment that is incontrovertibly down. I am therefore looking for short trades (although will occasionally take a long against the trend). I then drill down to the H1. I am primarily looking for a 78.6 retracement of the major and obvious peaks and troughs on this timeframe. I then move down to my 15 min where I am looking for a reversal signal or for a retrace that is so close to 100% that I can get in with a tight stop. I have posted the charts for this mornings trade to try and clarify it for you
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Last edited by tonymand; 01-23-2008 at 06:45 PM.
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