Charts 7-22-09


  • 0
  • koolblue
  • 22-Jul-2009 at 11:11 AM
  • Rep: 48.6k
  • Posts: 16k


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  • 0
  • feng456
  • 22-Jul-2009 at 2:39 PM
  • Rep: 994
  • Posts: 340
what do you mean by "magnet" kool?
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  • koolblue
  • 22-Jul-2009 at 7:49 PM
  • Rep: 48.6k
  • Posts: 16k
a magnet is a natural attraction point for the market...most often seen in a volume spike. the market has a tendency to gravitate back to those 'magnets' because it feeds on volume (stops?) and sometimes we call those'magnets'. the one refered to above is a natural tendency to rebound ,or fall back to the end of a candle body on the 15 min chart(or in this case the 13 min ) after making a significant high or low. just a tendency ive noticed in my 20 years of trading
  • 0
  • koolblue
  • 22-Jul-2009 at 8:21 PM
  • Rep: 48.6k
  • Posts: 16k
this cycle combined with a price projection of 950.75 minimum nailed a beautiful short scalp for me!...

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