A question for Rob in NZ

[fairwind]

Hi Rob,

I have been reading thro previuos posts and came up with this offering from you;

"...Look at the 20 day chart: notice the deceasing oscillations. It shows a pattern of regular swings with the next bottom looking about 1.0729. Thus the risk ratio for a likely top of (my guess) 1.079 in the next 6 hours based on an entry of 1.0750 is 21:29 . That ratio is not usually good enough for me to enter but when I saw the recommendation above I decided to take a punt..."

I wonder if you would elaborate for me (us)?
A) the 20 day chart, is that what you meant?
B) Also the ratio concept.

I had a look at this in a 30 min chart ( cant get it any smaller now ) and can see your "next bottom", but how do you arrive at your target of 1.0790? My charts show that this almost equal to the midpoint of the previous day?

Thanks in advance our kiwi friend..............