rtsurvivor
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I have another post about projecting where prices may go when looking at a price pattern.
This is the chart I added to that post and it is projecting prices to go up to the 1.45xx/1.46xx area.
.
NOTE: The daily chart is for last Friday 5/29/09 and the the 30' chart is for todays trade 6/1/09
(I made a video on the chart and will make another after the price move has completed)
The two patterns are the Ascending Triangle and the Bull Flag. The time frame is for the EUR/USD Daily.
I still think that prices are going to go up. Ok, so what about shorter time periods?
There is no reason that the 30' for instance can't be traded as well.
NOTE: There may be trades in the 15' and below but I don't trade anything shorter the the 30'.![Confused :confused: :confused:](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
The chart below is a close up of the EUR/USD Daily that is showing the 30' time period.
There is a good shorting trade taking place as I write this. (Hi-lited in Yellow) Note in the bottom indicator where the light-Green turned to Dark Green. It's the start of a 50 or so pip short.
I guess my point here is to show that a daily price move has many smaller price movements inside the major move. Why not take advantage of them? :whistling
Good trading to all
RT... :idea:
This is the chart I added to that post and it is projecting prices to go up to the 1.45xx/1.46xx area.
.
NOTE: The daily chart is for last Friday 5/29/09 and the the 30' chart is for todays trade 6/1/09
(I made a video on the chart and will make another after the price move has completed)
![eur-usd-project.jpg](/proxy.php?image=http%3A%2F%2Fwww.marketweb20.com%2Fimg%2Feur-usd-project.jpg&hash=47eab2495e907169a6aab18e1a951eb6)
The two patterns are the Ascending Triangle and the Bull Flag. The time frame is for the EUR/USD Daily.
I still think that prices are going to go up. Ok, so what about shorter time periods?
There is no reason that the 30' for instance can't be traded as well.
NOTE: There may be trades in the 15' and below but I don't trade anything shorter the the 30'.
The chart below is a close up of the EUR/USD Daily that is showing the 30' time period.
![eur30.jpg](/proxy.php?image=http%3A%2F%2Fwww.marketweb20.com%2Fimg%2Feur30.jpg&hash=8151dd56bd0d87f29a7af2d102a95e08)
There is a good shorting trade taking place as I write this. (Hi-lited in Yellow) Note in the bottom indicator where the light-Green turned to Dark Green. It's the start of a 50 or so pip short.
I guess my point here is to show that a daily price move has many smaller price movements inside the major move. Why not take advantage of them? :whistling
Good trading to all
RT... :idea: