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eaglestar replied Apr 24, 2009what i see at the moment price is in parabolic move up with res at 13297
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eaglestar replied Apr 24, 2009dominant and subdominant channels price seems to be respecting this fib still
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eaglestar replied Apr 24, 2009answer: surely not forex is not random. it runs in trends that and patterns that have higher probability. it is up to the trader to exploit these opportunities to his reward.
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eaglestar replied Apr 24, 2009there are times when you are very sure of a trade. i have heard of super mm but haven't studied it. things similar to anti martingale and so forth check out igor on forex tsd.
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eaglestar replied Apr 24, 2009risk no more than 2% to stay in this game. unless you have super money management.
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eaglestar replied Apr 24, 2009made one short today with 10 pip sl got out at +14 for 1.4:1 risk reward. if you would have taken this trade with 10 pip sl you could have a potential 15:1 rrr
this is pretty good to me.EURUSD
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eaglestar replied Apr 24, 2009it isn't about how many pips it is about how much percentage. you could take a trade with 50 pip sl and 1% risk or a trade with 5 pip sl and 1% risk. i am getting back in the swing of things (pun) my best week was 2 weeks ago with 76% increase but ...
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eaglestar replied Apr 23, 2009some templates don't work correctly if you have an indicator on it. try this with fxpro. i removed the stochastics.
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eaglestar replied Apr 23, 2009i guess my system is somewhat price action. wait for price to hit a fib, s/r, channel and reverse for major risk reward. maybe more like swing trading. i don't know all the lingo lol
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eaglestar replied Apr 23, 2009lines are fibs dashed lines are s/r trendlines usually form channels top down black blue green red but sometimes i don't follow colors looking to standardize it sometimes similar colors are too close together. i look for fib convergences rejection ...
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