DAILY MARKET FRACTAL REVIEW

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08/12/2010 07:06:07 AM

 

Fractal Charting Basics 101

Series One

Author Henry Wernicki M.A.

 

Hank's Fractal Blog

 

MY TRADES, FORECASTS AND COMMENTS ARE NOT PERMITTED TO BE PLACED ON THE WEB

 

I  WORK TOO HARD FOR MY ANALYSIS TO BE GIVEN AWAY FREE ON MESSAGE BOARDS/BLOGS

 

ALL CONTENT ON THIS WEB SITE IS PROTECTED INTELLECTUAL PROPERTY

 

 

 ---- fractals show the turn and NOT the Degree !

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The DOW Time and Price Fractal

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RAD SOARED + 3.83 %  YESTERDAY 

 

CLOSED AT 1.34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE WERNICKI FRACTAL PAIR SET

 

Saturday's Recommended Fractal Setup:

 

GDX  13 / 15m parent pair @ 10:30 am 11/20   =  11/16 child pair

Stop 50

Close 50.82

Risk 0.82

Target 52

 

 

 

 

 

Hi Hank, excellent trade! I went long ES 952.50 and got out 967.50 (you never go broke by taking a profit)



You are a very gifted trader because the last months have been impossible for 99% of the traders to win.

 

Technical analysis doesn't work for the last year or so.



Read this post by Tim Knight who is one of the best blogger-traders, just to get an idea of how happy you should be with your performance lately.



http://slopeofhope.com/2009/07/when-charting-fails.html   <<<< 
READ THIS  <<<<<<<<<<




Again, congratulations for the recent excellent calls!



John

 

 

 

 

 

 

   

 

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