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Hi Slam
Correct,
and as mentioned Friday night "SAR 137.48 with tight stop"
.....meaning sell the long and reverse trade to a short with
a tight stop to protect. In other words - if you are long
1 mill go short 2 mill which reverses the trade.
(SAR = Stop and reverse).
arco
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Hi arco
got ya
I went short fri at 137.55
Just wait now to see if the gartley turns to a butterfly hey
Thanks for the explain
Cheers
slam
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For anyone following the EUR.JPY short trade
I have taken 70 pips.
arco
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i was following your journey in spirit arco
well done again!
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may have started it's asent to 1.3900ish
slam
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Slam
Yes I have gone back in long at 136.90
+ 37 currently
arco
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I closed this one off last night at 137.18
for a measly 28 pips. Generally things were
looking a bit messy and with the weekend
ahead I prefer to minimise positions.
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To quote arco from GBP Thread "Could be forming a Pennant on the 15m presently"
Dito for this one imo
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Head and Shoulder formations seem to be the flavour of the day today, so take a look at the EUR/JPY daily chart.
This pair played out a nice H&S during April/May and looks like it might be history repeating. Perhaps a little early to do anything, but would be interested in other thoughts on it.
An early signal to enter from a level which is not too far away might be a breach of the rising trendline, currently sitting around 134.80 level, being part of a larger triangle
It is certainly visually appealing [^][^]
Xerof
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