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Likerty replied Feb 16, 2012More then 20 hours on oversold mode + few last hours of divergences on separate indictors + 50% Fibb retrasement reached... It must go upper at least some... Can spike to 293x..
EURUSD
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Likerty replied Dec 9, 2011I'v come with one uncertainty - how you determine direction of those lines? I mean - to draw a straight line you need two points, but here you have one point for each line..?
System - What Da Fork!
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Likerty replied Dec 2, 2011In such a volatile moments you should set your sl accordingly.. and satisfy your self with +4..6 pips profit and exit trade until it reverses against you. In that specific situation I'v set sl at -10 pips at minumum and if the spike climbs another ...
System - What Da Fork!
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Likerty replied Dec 2, 2011...and those angular lines too often have reliability issues in my point of view. The horizontal ones - good for trust. Like the one at 1.0253 (Murray chanel's daily).
System - What Da Fork!
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Likerty replied Dec 2, 2011Same points but my drawing differs a little... For me it's much more easier to identify entry points for position trades and short term scalping is with bollinger bands (oversold/overbought)...
System - What Da Fork!
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Likerty replied Mar 3, 2011..and create railway track pattern to go short another few hundreds..
May be not..EURUSD