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Wed Oct, 1: Notice how this trend channel contains many quick moves up and down, within the channel. Look for this action to continue as US and Japan coordinate intervention. So far, efforts to keep the dollar from falling are not working. Everyone lost 5% of their savings last month due to the falling value of the dollar. Wait and see how media spin starts telling eveyone this is good. You'll see 2 new charts at http://Fxcoach. Today's new chart, and a result chart from yesterday's setup, which brought us a quick $110 on a 1 lot position. Of course, if you were trading 10 lots, which would mean you would have had to had $2500 in you account, then that same $110 move would be worth $1100. These recent late day setups have been nice for those of you who work 9-5. It's fun site around, having dinner, keeping an eye on the market, doing your evening stuff, and getting in on these low risk breakouts. Hope you're starting to see how these trend channels are drawn. At some point, you're not going to need me anymore. You'll know how to spot these setups yourself. Neil Albala http://FXcoach.com
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