“The time factor and time periods are most important in determining a change in trend because time can over balance price, and when the time is up the volume of sales will increase and force prices higher or lower” - W.D. Gann
Wednesday, September 17, 2008
Result: 16/9/2008 EURUSD HAT
As expected, market was active during the projected 12:00 - 13:00 gmt area. Price reversed near A and moved short to B for 160+ pips potential gain.
At 21:00 gmt, well... what can I say, the chart speaks for itself. As was mentioned yesterday, these hours do not normally see huge moves but yesterday we saw a clean long reversal at C for a 140+ pips potential gain.
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