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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

7560

?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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