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Mentor Mike’s Daily Turning Points for Friday 7/22/11

Mentor Mike’s Daily Turning Points for Friday 7/22/11
 

 

You don’t need to master complex cycle theories or pay to join some elite trading group in order to recognize and utilize daily turning points. I can teach you how to spot them and exploit them with conventional technical analysis.

Scoreboard

EUR/USD: 4 wins / 0 losses; ES: 5 wins / 0 losses

 

Chart Chat

Today both markets showed well-formed LO-HI-LO formations that were neatly within the NYSE day session.  Today is also my last blog for awhile.  I will be back on Monday, 8/15/11.  In the meantime, practice your turning point watching skills.  Have a great time.  Be back in three weeks.

 

Please click on the charts below to make them larger.
Chart #1
Chart #1

 

Chart #2
Chart #2

 

 

 

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