Re: new chart: ALERT watch for this low risk breakout

Is there any way we can forecast the direction of the breakout?

Mike


FXcoach.com <[EMAIL PROTECTED]> wrote in message
news:[EMAIL PROTECTED]
> Mon, Oct 27, alert: Monday trading starts slow, but a nice triangle
> trend channel is now in place. Look for a low risk trading
> opportunity soon.
>
> (See attached chart or click on Oct 27 at http://FXcoach.com.)
> The results of this breakout will be posed tomorrow at:
> http://fxcoach.com/charts/FXoct27result.gif
>
> Trading is a lot like a war. The hard reality of trading is this.
> When you make money, someone else looses. The NY markets starts at
> 9:30 AM. Day traders fight it out until 4 PM. You'd think that
> sleeping at night would be easy when you're trading the NY markets,
> because at night; when you don't have any open positions, you have
> nothing to worry about. That's correct. But that's also true with
> Forex. Similarly, when trading Forex, there's no need to hold open
> positions while you sleep.
>
> You may have never traded another marekt, but you might want to try. As
> far as markets go, Forex, is much better behaved. Easier to live with.
> There is always something going on... and if you're around, you might
> make
> some money.
>
> Neil Albala
> http://FXcoach.com