DislikedI appreciate your clarification on this. Could you show me in another chart, how you would have adjusted this for August? I think i would have a clearer understanding then. Also, are you attempting to sty within the 300 pip range he discussed or do you tend to let it float to the chat level?Ignored
I'd have to read the book again since the information is not fresh in my mind, it really would be hard for me to say how I would have handled it. This is where Xaron's experience would play in.
All in hindsight, after that consolidation in early Aug I'd have drawn my new resistance line at those highs and then gone back 30 days and drawn a support line, then figure out the rest of the grid.
This is rough wild guess at how I think it would have looked, so say this was drawn on Aug 7th and all the information from Aug. 7th would not have been there (Grid from 7-6 to 8-6)
EDIT: I added a second picture. I was thinking I would not have drawn the support line that low and moved it up a little bit and readjusted the grid a little. I'll leave the original picture just so you see the slight change.
Don't wish it were easier, wish you were better. ~ Jim Rohn