Bill Graves![]() Veteran ![]() ![]() Posts: 125 Joined: 11/25/2006 Location: Phoenix, Arizona ![]() | Follow up on yesterday's post 12133 re: ONT: Yesterday at this time price had exactly touched the 20 EMA. Later, price went lower. Looking at today's intraday chart early morning, we can see why we wait for price to take out the high of the low bar, still yesterday's price bar. That could well change by the end of today. Conceptually, the grail trade is a "retracement/then resume" trade. Cheers to all, [Edited by Bill Graves on 6/1/2007 10:10 AM] ![]() |