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