Manual Trades based on Technical Analysis. - page 5
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He was posting in a forum and actually posted his charts as in the example ahead of time so that the prediction could be checked. I don't think he is just placing the lines after the event
I did not say he was placing lines after the event...I said...if you place lines by some magical algorithm or by a flip of a coin...90% of them will hit reversal points...and still you won't be able to trade your predictions...
He was posting in a forum and actually posted his charts as in the example ahead of time so that the prediction could be checked. I don't think he is just placing the lines after the event
Your chart is too small to read the time. TIME is very important in that kind of trading, if is what I am suspecting.
Some significant times in some pairs can mean trend continuation or reversals. Plotting a vertical line only show when there is a high probability of trend continuation or reversal, but I think is still impossible to predict what price will do hours before.
Regards,