Quote from deucy28:
This pair is noteworthy for its three years of chart examinations. I would highly recommend it for examination, too. For different style pairs traders, it can mean different things for their respective use of capital. My personal approach would be to make it a full first layer opening of trade with no legging in. I would be ready at the session open Monday and look for an opportunistic moment to put it on. Should it open dramatically adversely before the execution of an entry, I may wish to watch for a favorable entry, keeping my powder dry and waiting patiently for that more fortuitous occasion.
NOTE: Nothing said in text or chart annotations takes into consideration scheduled earnings reports or ex-dividend dates, news (past or prospectively), or fundamentals.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3621503>
Above quote from Sept 9.
Seriously and nicely working out, shortly into this session today. See link below.
http://www.elitetrader.com/vb/showthread.php?s=&postid=3636948#post3636948