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Sunday, May 30, 2010 10:28:52 AM
Quad Tunnel Charting Part 2C
In this last chart on EMA(400) study we have the one hour GBP/USD and in keeping with the study it was last fridays trading action.It shows what I mentioned in Part 2B ...the resistance is rock solid on the EMA(400) and we now see what obviously was a very good trading condition by finding the dominant time frame(s)...the 15 minute 400 set lower limit and 1 hour 400 set the upper limit and tons of pips could be had til the boxed condition breaks out.
In this last chart on EMA(400) study we have the one hour GBP/USD and in keeping with the study it was last fridays trading action.It shows what I mentioned in Part 2B ...the resistance is rock solid on the EMA(400) and we now see what obviously was a very good trading condition by finding the dominant time frame(s)...the 15 minute 400 set lower limit and 1 hour 400 set the upper limit and tons of pips could be had til the boxed condition breaks out.
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