If it forms a higher low above 14.78 which is better for an IHS
pattern, I would put my stop below that number.
The pattern you show on the 10 minute chart would be a small IHS
pattern. Note that it only measures a little over 20 cents so keep
that in mind as an initial target area.
hi steve,zwyss
$NYMO divergence
Posted by morgan8 on 11th of Jan 2013 at 08:42 am
and although i am not trying to drag you into a whole tutorial here and now steve i just thought i would throw my chart in for a comment
i picked out AGO from the newsletter today. and then drilled down from the daily chart provided to a 10 minute view that looked ok to me.
so my trigger is now a break of the line at 15.01- 15.02 with stop just under 14.78
is this about how you would approach it .
Excellent work Morgan...I could use
Posted by steve on 11th of Jan 2013 at 08:45 am
Excellent work Morgan...I could use 5 assistants
If it forms a higher low above 14.78 which is better for an IHS pattern, I would put my stop below that number.
The pattern you show on the 10 minute chart would be a small IHS pattern. Note that it only measures a little over 20 cents so keep that in mind as an initial target area.
thank you i will keep
Posted by morgan8 on 11th of Jan 2013 at 09:03 am
thank you i will keep an eye on 15.22 also if it triggers