Quoting milan47DislikedConventional wisdom is not very supportive to play this pair Mouteki style. Well, I tried it anyway.
Entry 221.99 on Monday night. Stop at 222.92. Projected exit was the 61.8 fibo at around 221.50. Tuesday morning it touched the fibo around 221.54, however I was unconscious at that time. One's got to sleep. When I woke up the candle promptly retraced to to a loss of almost 70 pips, including spread. My stop survived this vicious attack and I decided to wait. I thought I am going to give birth before it continued south again. After 5 candles it did and my limit buy at 221.57 kicked in. 42 pips and I am out. The daily chart has a pin bar and it willl probably continue south. But with the Koreans personaly interfering with my trades I am gone for now...Ignored
- Post #3,408
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- Oct 11, 2006 10:26am Oct 11, 2006 10:26am
- Joined Sep 2006 | Status: Member | 2,331 Posts
its just money
- Post #3,415
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- Oct 11, 2006 12:08pm Oct 11, 2006 12:08pm
- | Joined Jul 2006 | Status: Member | 99 Posts
The trend isyour friend
untilis about to end...