Sunday, May 10, 2009

Range charts

This market surprises me every day.. On Friday afternoon, i was writing that "1,35 will be tough". So I closed the pc at that moment to pack for the weekend. A spectacular break of 1,35 followed, very uncommon for a Friday afternoon and the market closed some150 pips above this landmark... I wasn't there to profit from this.

I was contemplating afterwards the range 4 chart of this afternoon and i was amazed how many easy signals we could have with a simple cci 50 only (100/-100 line cross). Of course it was an easy to spot, one-way market. Entries are on blue vertical lines.

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