Price Actions- EurUsd

Quoting oblong

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{quote} USDCHF - Okay, I assume this is because for 2 of the past 3 sessions it was pretty flat until yesterdays session, one to keep watch after tomorrow period ends. USDJPY - I'm assuming its because its been flat for almost over a whole period. By this same logic we could assume the same for todays trade EURJPY going forwards now, unless anything happens drastically over night?? {image}

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Quoting abajiga

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BUY trade {image}

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Quoting abajiga

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{quote} Nah...close it take your profit...you made a good entry on this

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Quoting abajiga

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{quote} AudJpy- Short it is.... {image}

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Quoting oblong

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{quote} I had this as a STRONG buy, but wasnt sure it met the rules as it happened after London session and period is still open, also previous two periods it made no new highs

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Quoting abajiga

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This is how I play for today... I did enter more entries of double lots from the lowest point. By the time it move really high, I was in full profit. Again, I was confident of the trade. {image}

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Quoting abajiga

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{quote} So you can always prepare your graphs in hand, wait for the morning time is the key decision after drawings. From here you will pick the best to trade. Then you will wait for the best entry area (This is normally around 3PM-4PM price region GMT --mark highest to lowest prices of this period or Around Asian open. )

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Quoting abajiga

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This is how I play for today... I did enter more entries of double lots from the lowest point. By the time it move really high, I was in full profit. Again, I was confident of the trade. {image}

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Quoting abajiga

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{quote} Technically I should come out at the broken line automatically....That is the golden rule after NY open {image}

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Quoting oblong

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Going back to the AUDJPY Short set up for tomorrow, I had my entry short level a lot lower down than yours, purely based on me thinking it wont get back up there again by tomorrow. This is wrong. I need to kill this mentality, the chart shows the area if to short If it doesnt get there then its a no trade, not adjust the level so it fits my thinking. Wet fish face slap time :-) {image}

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Quoting abajiga

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{quote} LOL The trade set up for AudJpy is different from the other three. The other three for tomorrow are the best to trade base on their set up. Those are not bounce trade, they are similar to bounce but they can also turn out to be a continuation. I will show more as we go along. But for the bounce, we first need to break above today highest then we will wait for the trade to pull back hard and wait it around the bounce region

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Quoting abajiga

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{quote} Bounce trade normally comes from a 'WALL' sort of a dead end....usually after the second day {image}

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Quoting oblong

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{quote} ah yeah I see, there is lot of resistance there around 79.30, pretty much in no mans land at moment.

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Quoting abajiga

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The other 3 trades are usually charactarised by breaking of highest or lowest prices of 4 consecutive days {image}

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Quoting abajiga

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{quote} The good thing with our analysis it shows that we have picked up the right ones as they are well correlated GbpJpy - BUY EurGbp - Sell GbpNzd - Buy

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Quoting oblong

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{quote} If AUDJPY had broken yesterdays high, that would be new highs for past 3 to 4 days, Im guessing you would of looked for a pull back around yesterday low 78.95 and entered long?

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