EUR/CAD daily pin — EUR/CAD has a daily pin bar. The pros are its at an extreme low with oversold condition. The cons are that it is countertrend and there is a TL very close by. This will be a demo trade for me because it is countertrend ...

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Very true — Seeking, What you just said is right on. I think when you are a new trader you always want to know why something is doing what it is doing. Over time you realize that you make more pips when you just trade what you see and not what ...

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Were on the same page — mbqb11 (Mike), Let me clarify one thing. I understood what you said and yes I agree with you. Risking something like 10%+ on any one entry is not good MM. I said that in the comment you referenced, first line. But I ...

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Very off topic — On a very off topic note here, does anyone know why I can't get spaces between my paragraphs anymore? When I post something now it just lumps everything together. I will put two blank spaces in after this statement and it ...

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USD/CHF pin — Moneybags, I too would agree that taking this trade would be against the strong downtrend and I have a similar set of rules to yours I would imagine. With that being said this kind of set-up goes back to what I said about trading ...

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Mike — Mike, I would agree that trading 10%+ on any one trade at one single time is not good MM. But I would also say that if you have identified a trending pair which usually comes from one weak currency vs. a strong currency (USD/CAD), then ...

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Wizard — Tom, I agree with your assessment about if you only look for price action first, you will most often try to fit other TA around this area to take the trade. You are also correct when you said instead you set up your PPZ areas and then ...

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Thanks Wiz — </p> Wiz,Thanks for that detailed discussion. I can see what you mean now. I have stayed away from pins in traffic because they can be hard to trade and the win/loss ratio probably isn't too good until you develop that instinctive ...

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Nice — Wiz, Good job on this pin trade. I was wondering what are your rules for judging whether a pin bar is good or bad? The pin bar circled looked to be in some traffic maybe. I could be wrong and would love some more advice about trading ...

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Gap ? — Raczekfx, I too am interested in this gap trading idea. I saw this last night on many pairs but I was unsure if it would fill because some pairs gapped a huge amount of pips (I think GBP/JPY gapped something like 100-200 pips or ...

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EUR/CHF view point — Pipcrawler, I would love to see that level before we move back up again but I wonder if we will get that far down. There is fib confluence around 6680, along with a PPZ, and we have already bounced 3 times on the 4 hr ...

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EUR/AUD...... — Also is anyone interested in the EUR/AUD going back up maybe? The current consolidation channel is 5620 to 5846/40 area. We have bounced hard off the bottom yesterday and now looked poised to break the resistance around 5840 ...

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NZD/USD..... — Hello, Is anyone looking at shorting the AUD/USD or NZD/USD tonight? I think we are due for a retracement and it looks like the high yielders are selling off too...(yen and swiss pairs gaining strength). I understand this is ...

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My thoughts exactly — Josh, I had the same set-up also. I was looking more in the range of 6906 to 6885 for a bottom. And sure enough we got it. I really like the detail of your chart. I learn something new everyday. Also the EUR/GBP is the ...

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Great charts — Mike, I greatly appreicate these examples. I have most of those set-ups on my charts as well. I also told a trading buddy of mine just the other day that I didn't really like this USD/CHF set-up short. It did work out however ...

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Great point — Wiz, Well said. I agree that this pair has frustrated me to no end as well. Looking over the channels, it seems to be getting tighter however. But I do think this pair will break lower before going higher. The problem with this ...

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Could I ask one more favor? — Mike, Could you please post a few of your most recent trades with a small summary of how you entered and how you are managing those trades? This would be very helpful for me to see if I am taking the best set-ups ...

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Very helpful — Mike, Thanks for the help. I will demo and study more.

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Thank you — Mike, Thank you for that informative discussion. I can see your point. I have a few questions? Do you use the 78.6% retracement in your fib calculations? From the looks of it you don't. Can you explain? Also your use of trendlines ...

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I was wondering? — Mike, You said you will be looking to buy the GBP/CHF? Can you share some of your thoughts with some charts maybe? I was actually looking at the opposite, but I can see it both ways now depending on the TF you are looking to ...

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