Actually Chin it is the other way around as they may be many 15 minute patterns ina 240. I use the higher time frames fas my GPS device to get directio.
This am brought the realization of the extension of the bc leg down without sight of a terminus. this pattern could turn into a cd leg if price reachs beyond (aorund) the 213.00 area. Option two is the turn around of the bc into a cd leg but at this time the signals seem to be in an unlikely position to support the continue up move. Either way the channel is looking to stay a channel unitl price breaks.
Pter
NobleTrader trader <nobletrader@gmail.com> wrote:
NobleTrader trader <nobletrader@
Are you using the 15M fractal as a "roadmap" for the larger pattern on the 240M?(What I means is: if you put the 15M side by side with your 4H chart, they lookalmost identical. )If you are using fractals this way, then that is brilliant!In the past, when I was lookign for them, I saw a lot of fractals on smaller charts that served as roadmapsfor how the bigger timeframes were going to play out.chinOn Jan 9, 2008 1:27 AM, Peter McIntyre <mcpetetrader@yahoo.com > wrote:
Well guys, This one just might play out as I see the momentum turning up, chack the GPBJPY 240 chart....do not forget to get above the channel as price could bounce around there for a bit. This evening price has been bouncing (really opushing) the upper boundary of an asending channel on the 15 minute chart....so, here we go..remember these pattern toil time away on the a to b to c area prior to taking off or failing...Blessings!Peter
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