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I Think I Got It!

Posted: Thu Oct 23, 2008 11:26 am
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

Re: I Think I Got It!

Posted: Thu Oct 23, 2008 11:26 am
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.