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Note how on that previous picture the above strategy applied to the 161 ext would have been painful several times (the strategy encourages re-entry after being stopped if the entry rule conditions are satisfied again) but would have ultimately given the 400 pip target back to the 100% level (and potentially 550)
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99 has been hit now.... I cant trade away from home but supposedley thats the short signal - target 500 pips @ 95
Looking quickly, similar stuff is happening on Eur/Jpy as well. target there 159... currently 162.46
didint get quite the same levels on USD GBP or CHF yen crosses.
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Nice going Peat
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I kind of have the satisfaction of having identified (and posted) the trade tho not really the satisfaction of trading it except by a chance error. I will smile sheepishly but still bank the pips.
The reason I opened the platform was to short it at around 99.5 tho.
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thought I had to bail on it to preserve +30
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is it bombs away this time?
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Hi Peat
Certainly a nice divergence showing and the Chikou looks poised to beak through.
regards - arco
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bat on an alternate bat , q stick in divergence
rsi trend line still intact
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DB
Yes, I was looking at this earlier today and it has alot of potential IMO.
We just need to see a nice reversal signal now.
rgds - arco
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