Hi GW, please explain what you consider as confirmation for this trade and why ?

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Stop loss around 30 pips ?

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It is now re-testing the level. If it holds I would be looking at around 1.3110 possibly.... but we will see

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EURUSD breakout ? — This is looking promising - about 20 pips up so far

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Forex Trading — I found this pic. on another thread - I thought you might like it ? Have a great weekend everyone

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Point And Figure — Would you care to elaborate how you use these yourself with S/R?

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Well, that was probably my worst call for a while ... dropped over 70 pips in 3 mins !!

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Yes I don't think it will get down to the level I was hoping for. I am pretty sure that it is heading up though.

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GBPUSD long — I've put this order in ... before it hits I would appreciate any comments ?

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Great call ! — Yep.... my mistake - somehow I got my line wrong on my chart by 20 pips. Retiring for the day after that !

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It looks like it never hit your short level .. this is one of my biggest problems as far as exactly where to put an order as it is a double edged sword sometimes ... a) ensure you get in and then you wait while it takes another 20 or so pips to ...

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It could be but personally thinking, it is against a strong down move and may be a bit speculative

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That would be nice :-)

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If it breaks the 1.2625 area (which it looks like doing) I would start to look to get out at least partly around 1.2560 depending on how the PA looks ie. if there is any momentum. I am around 200 pips up so I'll probably leave a trailing stop of 40 ...

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A great post ! — and probably even more important than entry methods.... exit methods ? I know that for anyone starting trading the panic really sets in when they are in a trade that is in profit and they 'dont want to lose what they have ...

Why Indicators will fail you

EURUSD going further south — Looking for a move down after a retest.

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Welcome to the thread messiah01, I'm in the UK also ... it is unusually quiet on here today but I am sure it will get busier as the week goes on.

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Welcome ! — Hi Guerrillawar, Welcome to the thread. I am sure we all look forward to your input and posts.

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Oh yes - well said ! — Oh so true mp777 ... I have only just started get Elliott Wave out of my head, so please let's keep it out of this thread

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Hi spekitox, BRV explains this here : url (See the top row on his Correlations table ... it is because of the v.low JPY interest rate, I think :-) also... This and the next few videos are pretty good: url PS - I only posted this link as BRV has ...

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