Oh im no expert on the currency but i DO know that the highs and lows of previous days/weeks/months are very important and have a method of putting all these on my charts. Very important and watched closely by fund managers or so im told...
Q2 i have no idea sorry.
Only reason i was doing that ADR stuff was just to try and show a few people i spoke to in the week on the fx bootcamp thing (got to talk live in front of the class hehehe) how i trade ranges. It was super hard to explain as i couldn't screen share so i promised id just do some examples on the weekend instead. Thought id share with the gang here also.
