or trade the rectangle on the 30 min bar? It broke down below support at 1.6360 @ 7:30 GMT. I got filled at .6359 and had a a limit order to buy at .6266 based on the measured height of the pattern.The offer reached .62675. It missed it by a lousy fuc*+??= 1-2 points.
Later, on the 5 min bar the perfect sym. triangle formed and broke down @ 11:20. The downside target was .6253. It failed to reach target as the bid low was .62644 for the day.
Swissie also formed an Asc Triangle on the 30 min bar, broke out and failed to reach target. But Swissie is notorious for missing targets. All in all a very frustrating day. Anybody else trading these patterns? Anybody have a strategy for dealing with this?
Later, on the 5 min bar the perfect sym. triangle formed and broke down @ 11:20. The downside target was .6253. It failed to reach target as the bid low was .62644 for the day.
Swissie also formed an Asc Triangle on the 30 min bar, broke out and failed to reach target. But Swissie is notorious for missing targets. All in all a very frustrating day. Anybody else trading these patterns? Anybody have a strategy for dealing with this?
