re preceding post, notice also how price landed in the first daily 'Fib Resistance Zone'. . .see screencap (FRZ1) in the resistance discussed previously, to further add to the confluence of reasons at any given set-up.
There's clearly resistance there and though price is up 112 pips off today's reduced that remains below the 20day typical of 158pips daily range, with the 5 and 10 day moving averages being greater than this at 163 and 170 respectively. This recovery trend will surely look with any break of that 4hr swing referred to above. A failure to break above it will see price return into this congestion on the 1hr/4hr chart.
Well despite 575 views of the thread to dats and 341 downloads of the attatchments I placed here, (to date) there's hardly any feedback/discussion of the trading system/methodology.
I will make the working assumption that everybody is ok with it, or that there is insufficient interest in it because a trading edge/methodology. Whatever the case, I'm glad to have been able to discuss iwhat is my trading advantage.
I can now stop posting for this thread. If you require any further info please pm me.
I know I was waiting for the indiors to be submitted as was said in article 8/21. I noticed your screen caps here and have looked through your documents but it reproduces on my screen. When I can duplie it I can talk about it.
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