Offering USDJPY again at 80.38. Target 80.01

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I'm out at 79.46 for +51.

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Yes, that was too close and I would now remove the order.

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Artov it depends on the type of intervention. From what I have seen, it is rarely effective other than in the very short term. Co-ordinated intervention like we saw in March in the Yen manges to reverse the trend for a little longer. I'm offering ...

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Why I don't move to breakeven.

james16 Chart Thread

Welcome aboard. Be interesting to see some of your trades - feel free to post them and I will give you feedback. You are most certainly welcome in the webinar. Just drop me a pm / email if you can and I will add you to the list. If you can't pm as ...

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Yes, you just open another position. But be very careful. Successful stacking is very hard. Let's go over this in the next webinar.

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It doesn't. If it is a formidable support or resistance on the D1 and it hasn't been tested from the other side, you simply wait until it is! I've waited 7 - 8 weeks for a retest before, sometimes even longer.

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Taken from the New Market Wizards : Eckhardt offers the rather provocative proposition that the human tendency to select comfortable choices will lead most people to experience worse than random results. In effect, he is saying that natural human ...

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Now that I've mentioned Barclays (BARC) let's quickly revisit that stock. I sold it on the rounded retest of 252 (very significant prior support in the stock). The entry was at the circled area and the squeeze which was pretty violent, was enough to ...

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Loving them, cprao. Keep us updated. Incidentally, I know there are people out there that like reporting only the winners when they take trades and avoid mentioning the losers, like its an embarrassment to lose! Those two trades are both excellent ...

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Grant, It's not so much I avoid any particular time of day but I'm aware of what I call the dead zone which is 5pm - 12pm BST (end of London - start of Tokyo) for foreign exchange. If I see a setup occuring at this time, I'm always aware that if I ...

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Completely agree. "How I made..." and "Reminiscences..." : Best books out there on trading.

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Pat!! You've done it again!! Killer area. LOL Keep 'em coming.

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You are most welcome. Glad you are finding the material helpful. Best of luck to you, dude. BTW, I'm Tom. Pleased to meet you! :-)

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Anyone thinking of Darvas here? ;-)

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I use the spider to a) alert me NOT to sell a resistance level or NOT to buy a support level b) try to get in long or short prior to the breakout if the resistance has had a large number of touches

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I have found it doesn't work as effectively.

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Hi Chris, I do not look at volume at all. I will go through what I don't like to see in the webinar. Tom

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That is a tricky one and if in doubt, I would stay out until you have more information. Not having a position is a position.

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