Turning Points for the EUR/USD & ES for Monday, 6/13/11
In this daily blog post I will show you the day trading opportunities presented by the EUR/USD forex pair and the ES futures using 5-minute charts of each market. Scoreboard EUR/USD: 5 wins / 0 losses; ES: 7 wins / 0 losses Chart Chat Today, both markets showed well-formed HI-LO-HI turning point patterns within […]
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CORRELATION:The true relationship between technical indicators and price movement
My good friend and fellow mentor, Ken Chow, developed a trading technique he calls SuperStructure. It uses only price. No indicators at all. He and his students do quite well. But, success at SuperStructure requires a certain mathematical aptitude that not everyone has. I know I don’t have it. I need more visual cues […]
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