http://www.actionforex.com/action-in...0120531166797/
Again, there are lots of ways to trade the markets.
I just happen to want to have as great an understanding as possible so I feel I can make better decisions than the guy sitting next to me, and therefore have an edge that he doesn't.
It brings me peace of mind and that helps me gain more financial success. It's what I need to do my job well. It's really an individual thing... this type of approach is what I enjoy, and feel confident trading. SO this is my approach.
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P.S. I'm not going to scour the web for more examples, or break down the details of reverse engineering the logic for you anymore than I have... I've told you why I thought a short at those prices was a worse idea than a long...I said I saw defensive buying around 2315 (the low was 2312), and I said i'd target 2335ish for a first target (we got to2338).
Either i'm just the best guesser in the world, or maybe I had a good idea of what was going on to stop the trend and reverse itf for 25ish pips.
If you want to learn more, feel free to look this stuff up yourself. If not, that's fine. it probably will cost me money in the long run, in some way anyway.
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