“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
Monday, April 27, 2009
Result: 24/04/2009 EURUSD Intraday HAT
A potential 90+ pips move along the major trend (clearly signified by the uptrend green SMA 21 ) started around 12.30gmt.
A simple moving average cross strategy on a 5min chart would have yielded a nice profit.
A potential 90+ pips move along the major trend (clearly signified by the uptrend green SMA 21 ) started around 12.30gmt.
No comments:
Post a Comment