The update for EURGBP is attached
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DislikedHello Articulate
Would it be recommended to try to master the Mastercharts trading style on its own and ignore any other systems, until I become proficient with the Mastercharts.Ignored
DislikedYou will have noticed some red and yellow triangles on the half-year charts. The triangles are lines in the sand. This is another tools that can greatly improve your success. The line in the sand is the point the big players are protecting. In simple term it is expected to serve as a temporary halt to either a bullish or bearish run. It usually take major trends to break this lines. A pin outside these lines are false breakouts.
How do you draw a line the sand?
Pick the last weekly candle of any pair after a run of at least (1000 pips...Ignored
DislikedAs I have mentioned before, the Masterchart for AUDUSD is 1500 pips divided into two equal parts of 750 pips each i.e. 0.9500, 1.0250, 1.1000. If you look at the monthly chart 1.0250 has been holding for the the past four months. The weekly candle broke it once and jumped back again and is currently consolidating between 1.0250 and 1.0420. The monthly charts says a re-test of 1.0650 is a possibility, but the weekly candle needs to break out of either 1.0250 and 1.04200 for us to know the direction.
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1352109239...Ignored
DislikedArticulate in your second paragraph where you say draw a triangle on the pin of the last weekly candle.
Should that have been a rectangle or line on the pin of the last weekly candle.Ignored
DislikedArticulate in this instance do you mean the weekly candle must close below 1.0250 or close above 1.0420 for us to know the direction.Ignored