I know. That is my default mode. Still reading through the DanUK thread...curious about the 'anti-hedging" strategy and whatnot. Anyways, my weekend is going to be busy.

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It is like using a condom: You hit it once with it, you throw it away. No re-use.

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CUSTOS...read the DanUK thread....still reading it...good stuff, good stuff. He only limits his trading to GU and EU...using a strict 100 pips SL....i think that works because the ADR of GU and EU are around that number(100). I suspect the technique ...

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I think he meant "trailing SL"....

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maybe a M30/5MINS , 1, 2, 3, swing short trade is possible in EUR/CAD before US open and USD fundamental data comes in. M5 TRIGGER CHART image M30 SETUP CHART image

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Remember, serious US fundamental data at 1:30pm LONDON time. Best of luck

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I know. I mean, come on! This surge breakouts, which was a downside in this case, is also why i like LOBs -- they are probably the fastest pips you can make within two to three hours. Surge breakouts happen, you got in, PT get hits within 1hr to 3.5 ...

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Well, EUR/CAD just hit the PT. My spread is 2.7. Unfortunately, i didnt get into this bastard. the BPC wasnt clearly defined enough for me. Did anybody got into EUR/CAD lob short? I didnt. It didnt give me what i think is a solid BPC formation. Same ...

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LMAO!! hahaha. the daily low of yesterday at 1.4335 area is wrestling with it. Hey, you never know, we still have 1hour left...it could waste away spining dojis and consolidating between 1.4350 and 1.4335....anyways, in 1hr, this is either a go or ...

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dont tell me it is looking more and more like EUR/CAD lob short. Again? Anyways....we need to wait for the BPC under the 1.4350 to go short. ADR = 118. Just make PT the next RN + 5 pips = 1.4305.

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AUDJPY 1hR or H4 is trying mighty hard to break to the upside. image

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Yeah, that news was a yawner of the EUR. Anyways, we have two hours left...more precisely, 1hr45mins left for the LOB window..... UPDATE: just read your comment above, CUSTOS, yeah...i am borderline on those LOBs...those were strong moves....strong ...

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thank you.

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TWO potential LOB trades: EUR/AUD and EUR/CAD. Are they already overextended from all the crazy runnings they've been doing? Also, the bloody red GERMAN GDP news coming up. If you have strong intestinal fortitude, you can trade "blend the news" ...

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Interesting. i wonder how much of this is a function of ADR. That is, use the ADR has the SL/Trailing SL for the trade. As such, one can apply this method to any currency or pair, the only difference is the SL dictated by the ADR. Just a theory.

DanUK Simple EUR/USD Trading Journal 2009

Hey, NIGHTMOVES is da MAN! image

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That tends to be the case, generally. My NZD/JPY H4/H1 has been spining tops after spining tops under the RN 62.50. london/frankfurst open is 4hrs away. I hope it doesnt breakout before then...

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for both NZD/JPY and NZD/USD. The 1HR has a clear, strong, straight up, linear BULLISH uptrend with the 3SMAs looking good. You can see what i mean by going to H1/15mins. Probably explains why the 0.6950(nzd/usd) was NOT broken earlier or the ...

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NZD/JPY short. H4/H1. hey, maybe NZD/USD h4/h1 will join the party later too... probably all waiting for 7PM US est time. the NZD retail data didnt push anything down...oh well.

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Indeed, PIP DAWG,....in fact, that is exactly where the bearish run began in the EUR/USD..the 1.38000. Did you keep yourself in the trade or did you got out early like you did with eur/cad? Hahaha. (okay, okay, i promise, after this week, i will ...

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