Thursday 2 December 2010

€$ RL Grids

Start your own grid and make sense of the chaos. Example 1




This grid above has its original d-sloping forks anchored ( Andrews, Schiff & Mod Schiff ie; 3 sets of RL's & 3 sets of WL's) in the controlling swing in late July to August 2010 in the 15 minTF


Warning lines are dashed red lines & RL's solid red in both charts.

You should take the most important recent reaction swing ( depending on what time frame you are working in) and you will need one in an uptrend and one contrary to that trend so you have two opposing sets (each of three forks).


This one below has its origins in the recent swing high at 1.4280 ( the sky/aqua blue fork UMLP is from a daily fork- all the rest are web forks)










This weekend i will post you the second stage of how to use your grid and what to add to make these charts an unparalleled trading tool.

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