Major High, Minor Low

Dec 20th , 2010

Today the TF hit our upper target. It actually went through it 6-7 ticks which is always a good thing if you are long up to the targets. The high today was a 10 minute completion area and after that high we had a 3 minute correction.

Going into tomorrow we will wait to see if there is a rejection of the support pattern to turn into a bigger correction. We do not try to pick tops but we do have a scalp set up that you can use if you are aggressive.

All support patters start as minor that could turn into major. It is important to know what to look for in each step of the pattern or else the pattern is worthless. This is why some get it and some do not meaning; some traders try to simplify everything and do not go the extra step. It is actually the extra step that is what makes it make sense! Without knowing each step you are really gambling. Do you agree?

We do not know everything and we hope we do not come across like some that think they know everything. We know what we do and how we trade and how we trade is a confirmed method that is pattern first and indicators second to confirm the pattern.

We did a 3 hour Webinar today for our members and this is recorded so all new members can see exactly how we broke down today and why.

Join before Jan 1st and receive our nightly videos package for free! This is a $100.00 per month value and when Jan1st is here the offer is off the table no questions asked.

Happy Trading,

www.eMiniSchool.com