Merlin Breakout Strategy: Yesterday didn't yield a traceable result, although it gave me a short bias. However, the HI/LO defined the close day range of prices until New York session. Tonight, 10PM-12AM GMT HI - 1.30706 LO - 1.30458 Tonight I will ...

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Thank you for sharing this 5%! I've never thought of it applying a hedge/counter-trend in this way. Brilliant! 2 really good ideas today on this thread! Wow!

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THAT is brilliant.... exactly what I had in my head but there was no way in hell I could have described that. Hats off to you sir. Wow... with a little refinement this would be a nifty indi for NY open!

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UJ just moved.... looks like a possible attempt at 50. EU could see 1.310x by NY close.

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I think I get what you mean bro. What time frame are you looking at this on? 60M. It does seem that NY close is more significant than NY open.... in that Open does mess with your mind.

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Well folks, we're back at 44 one of the numbers from the previous days. Who's long? Closed EJ for +50 but it's retracing to the key level of 128.05 or close enuf to DPP. This is all on 5M so not sure yet if it was a news spike or not

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Well, let's see how this goes. But clearly 66 was the measure of the "up" move, with 69.2 being the high. My definition of rejection is the close on the 15M. Any smaller and I will get a headache. I had trouble pairing up this "trading view" with ...

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Nice one! Target for long?

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so KB and India1 are buying and selling.... I'm watching! GL gents!

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Yes! And that would take EU to 96 methinks.

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I would love MOFU to be copyrighted by FF and Gator can get royalties! Hahahahaha!

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Hello folks, Not much of a range today. I'm still looking for shorts, although that may be invalidated once I check out the HI of 74.1 and see if that's significant. My trigger is 66. The 15M gives better resolution, but the 1H makes me unsure. When ...

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Morning... Dammit, got up late. Looking for shorts as 66 not taken. May not get the best entries this morning...and EJ watching will also make it difficult. But overall my sentiment is short. Key EJ level is 128.00 which I think is PP. Laterz

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The pivot point on 4H is 30. The R1 is 50. That's a 20 pip difference. You got in early, but you want to short it expecting price to go lower. Price has bottomed at 30, but your already in. Lots of views I've read show downside, but starting from 40 ...

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My observation on your response is that you are hesitating on a 1 pip vs 2 pip profit, when you are clearly risk averse. I would just get out NOW. what happens to you if price just shot up to 55? Will you have the guts to pull the trigger and exit ...

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Ok.. Then you must decide. Are you comfortable leaving it in, but risking your SL? Or are you willing to pay a fee and get your money out and get in later at a better price? EDIT: 4H PP Is 30, R1 is 50.... Think about that, 20 pip premium on a short ...

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Either your SL or your TP first. If you're not sure, just close the trade at what you think will minimise loss based on current price.

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Remind me where's your entry? I thought it was short at 30?

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BTW, the original should be interpreted as a joke post. I came up with the idea of a breakout purely on the time difference: 5PM EST, is 10PM GMT... giving a 2 hour window until a new day bar prints. I then switch to 60 min.... By the time it's ...

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I've loosely based it on this: url

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