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78 SUISS FRANC 7569 7450 7332 7212 7893 6975 6856 6736 6618 &499 6330 Lets blou up tlie boxed off section of the Suiss Franc Chart. SUISS FRANC ?4&2 7365 }, ] 11 <-Find tuo Hatching highs. -- <- Find tuo Hatching lows. Then buy the breakout of the tTT highs j or sell the breakout of the lous. 7269 It doesnH nattter uhich cones firstj as 7172 long as the natch that comes first is separated by at least 1 price bar. 7875 can natch a high uith a 1 > or a lou uith 6378 a highj as long as the first natch is separated by at least 1 price bar. . 6881 > The Hatches do not have to be exact. Thei; can be 6784 off by 1-2 ticks, but no nore than that. Exact natches are best. If you have any doubt) leave it alone. 6687 6590
EUBODOLLAKS 9190 J 9174 9158 9142 9126 9118 9B94 9878 9862 9046 9030 <- Match two highs. -1<- Match tuo lous. Match tuQ bus -1<- Match tuo highs.. Lets try one more. <-MTL
T. BONDS 8912 htL= hatch tuo lous 85......hIH= Hatch tuo hihs 8896 8719 8?88 8612 B525 8596 8419 8488 8312 i i i i i i i r i C- Heres one I missed. M1TL (uith in 1 tick) kt w . <-hIHbuy brEEibut <-nTL Missed this one too, Now, 1 prornised you ttiat you coutd trade this from a newspaper, or any source that shows the high and tow prices for the day, OI<ay, here is a recent S&P trade I made. I already had positions in other markets, when I spotted this ledge. Ledge trading rarely interferes with my other positions because as a rule Im in the trade for such a short time. Here is the section of my chart that is pertinent to the trade. Following the illustration, I will show you how t kept track of the trade prior to and subsequent to entering. 1 did it from a newspaper as 1 was traveling to and from a private tutoring. Naturally, I had started recording the prices before leaving home. Ive gone back in time further than necessary in order to show you a few things. Here is what they looked like:
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