No registration required! (Why?)

6E 2-8-10

Projection from Friday's low met 13710.

Today's 1hr projection to 13633 is not met.

Profitable trades today has been 2 from 13710 and 13703.
Click image for original size
6e 03 10 282010 60 min 1

Click image for original size
eurusd 2 8 10 daily
Lordalfa, when price gets close to a projection do you use any indicators/stochs to dtermine if you will enter the trade or do you just set it and forget it?
Usually it overshoots. So I will place the stop limit orders.

eg, if the price has gone above projection, wait for it to come back down and sell stop limit. vice versa for buys.
Gotcha!! Thanks for the help and the charts.
See the recent daily projection of the MT4 chart? I use that on both the MT4 trade and Ninjatrader as a reference. I place the buy at 261.8%. I loaded up on the FX with 4 lots. Took 2 off at 50 pips. The next 2 are taken off today.

I have +6 pips more because it is a buy for overnight holds.

The MT4 charts sets where I would go. Yesterday was long.

Daily projections are useful. The reason why I used MT4 with 6E because the daily, weekly and monthly charts are free with MT4.

If I may be bold, I will project the 2 bar projection from Friday's low to Sunday's high and target 161.8% for the bounce down.
Sorry. +$6 for overnight buy held.