QuoteDislikedsame pair, bit later on, after the channel break.
note that on the big ellipse you could:
1. sell on the trendline
2. sell on the MA
3. sell on the trendline/MA intersection
4. sell on the 50 fib ret
5. sell on the fib ret and trendline intersection
6. wait for the consolidation pattern to develop and sell on the break using the pattern height as a target (twice)
7. look for a strong bar pattern setup to sell (bearish engulfing bar patterns and then set limit orders on bar rets).
having said all that you know what..?
I MISSED THIS MOVE! DOH!!! [img]images/smilies/redface.gif[/img]
I know the feeling
Keeping it Simple