I Think I Got It!

Public discussion of the methodology

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Trader Question
Posts: 709
Joined: Thu Oct 09, 2008 7:31 am

I Think I Got It!

Post by Trader Question »

I would not claim that I get this stuff but I am in a Gold trade so I was playing with the 5/9 s and 5/1 supports. i drew this yesterday and think it is very cool that the high reached the 5/9 and stopped and the low was supported by the 5/1 up!

JA
pldot
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Joined: Sun Apr 27, 2008 10:52 pm

Re: I Think I Got It!

Post by pldot »

That’s the idea. As you proceed you will learn how the higher time period sets up to show that it is highly likely that the 5/9 would hold in this situation, etc.
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