EURO

EURO

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Yen

Wednesday, April 6, 2011

Quick Hits

Michelle Says:

  • We need to be able to scale into positions Supply and Demand levels

  • Watch for CLOSES ABOVE/BELOW candlestick levels to confirm direction

  • The "Candle in Charge" is the candle that produces the Highest High (Supply) or Lowest Low (Demand) It's color is not important.

  • Anytime that you're coming into a weekly and monthly low or high and the daily session can't penetrate that level and the overnight (GLOBEX) market continues to repel from that level, you've reached a major turning point.

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