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Tradingplace replied Jan 18, 2013We wrap up this weeks trading, very slow week for us, but we expected it since the market moved very well in the previous weeks. After every good trend moves, the market takes a breather and that's where trend followers like ourself experience some ...
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Tradingplace replied Jan 18, 2013Is she ready to go now, as we stated, a good entry could have been on the slight pullback. She might be saved by the bell (Friday), time will tell. url
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Tradingplace replied Jan 18, 2013Watching euraud and eurnzd closely...they are both retracing to the yearly open...if price fail to follow through above the yearly open..we expect a quick drop in price...charts to follow
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Tradingplace replied Jan 18, 2013aussie failed to follow through above the upper TL of the wedge...price is looking heavy now and we might see a drop in this pair...and there is plenty of room to drop...price could easily reach 1.0400
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Tradingplace replied Jan 18, 2013Very slow week for us, usually happens after some very strong moves, we all know that markets moves in phases and after a very good trend we usually see some consolidation or market taking a breath. We are watching gbpjpy closesly, we might get a ...
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Tradingplace replied Jan 17, 2013Took 2 short trades on Monday, eurnzd and euraud with an intial risk of 1 percent per trade, we then reduced our risk to 0.1 percent by moving stop loss order, trades has been stopped out this morning at -10pips and -15pips respectively, thats a ...
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Tradingplace replied Jan 14, 2013Aussie Price is at a very signficant level on this pair...a level where price might either keep pushing higher or bounce off. Looking at the weekly chart, the pair has been in a wedge for a very long time now and price is at the upper TL of the ...
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Tradingplace replied Jan 14, 2013Gbpaud Pair is at a very significant level...it broke this pivot to the dowside last week, but failed to follow through, now she back to retest the same pivot. I think price is more likely to bounce off now and push higher in the next hours/days. We ...
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Tradingplace replied Jan 14, 2013Eurnzd Price is retesting the pivot, thats where it will decide to follow through or drop down. We are watching this pair closely since she is at a very significant level....I think we are more likely to see some sideways move before she dicides ...
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Tradingplace replied Jan 14, 2013Gbpjpy Price broke the pivot high, a retest of the pivot is possible...we will be watching as price approaches the pivot. If it follows through, we jump on the wagon....but if it fails, we will act accordingly. image
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Tradingplace replied Jan 14, 2013Forgot to attach the chart...there it is image
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Tradingplace replied Jan 14, 2013Price broke through the pivot high last week, a retest of the pivot around the 3300s is possible...thats when price will decide wether to follow through or retrace a bit more, we will be watching the pair closely as it reaches this pivot zone. If ...
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Tradingplace replied Jan 14, 2013The beauty of trading with the trend works wonders, I could imagine trying to catch the top of this move could have caused a big dent to a traders account. The pair has moved up since last summer and she has moves in excess of 1500 pips...so if you ...
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Tradingplace replied Jan 13, 2013Coming into the new week with no open trades, we saw some big moves on Friday, so maybe the week might start very slow. Most pairs broke the highs and we will watch if there will be some follow through...if they fail to follow through, we will react ...
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Tradingplace replied Jan 11, 2013Another good week for our subcsribers, back again next week to Wash, Rinse and Repeat. Hope everyone have a nice weekend...Try to stay away from charts, enjoy your time with the family, there are the most important people in your life. Weeks total = ...
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Tradingplace replied Jan 11, 2013We might get a setup on audchf, watching it closesly now...but i dont think we will get any more setups since its a Friday.
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Tradingplace replied Jan 11, 2013Eurjpy long finally reached our final target at +660pips...shows how patience and discipline to wait for targets pays off. If you let profits run, everything falls in place, losers can easily be covered by just this one order......the eurusd loss of ...
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Tradingplace replied Jan 10, 2013Eurusd from last week stopped out at +70 pips and usdchf long from last week stopped out at +60...the new eurusd from this week has been stopped out for a full loss -300pips on 3 orders...1st target reached on euraud and audchf at +70 and +60 ...
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Tradingplace replied Jan 10, 2013The pair retraced as we expected, but it didnt go as far as the pivots...but we managed to catch the move...we have taken partial profits and letting the rest run to take advantage of the up trend. The pair is more likely to test the pivot high...we ...
Pure Price Action Trading