This sell trade would have made a lot of money...yesterday.

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Well if we are only talking today, pretty sure 1705 will hold then.

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We'll find out tomorrow which is the fake one.

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Seems like your 1690 might do it.

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There is actually a confluence of fibs there, 314 (or pi extension as i call it) from the very first buy wave. Good spot to take some profit i guess but i am pretty sure it's not the top. Buyers can do better i think. That being said, i wouldn't ...

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It's a 261.8 fib extension of the friday buy wave. I don't know if that's how you did it though.

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Yea it does. Just because you have 2:1 RR against something in which you should have 1:1 risk reward, that doesn't mean that you win more tosses. You will win exactly 50% over 1 million tosses. What changes is the amount of money which you win, ...

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Well you can't do that in Forex because markets are not random, they are manipulated by institutions that have a lot of money. So if it's not completely random, you don't have a chance to get the same results.

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You really flipped the coin 170 times? Why? Isn't it logical that when given 2:1 odds on something that has 1:1 odds results in profits long-term? Man, you really need to do some sports bets or play some poker!

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Ok, but in this example you are assuming your entries in the market are random, right? Which is not the case. Usually, i mean.

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Haven't done the math...but first glance why is your way better than just simply taking profit at 2:1? You know...win or loss! Taking profit 'along the way' seems to cut into profits. Consistent 3:1 profits is very hard to achieve so you will rarely ...

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Yep, 1.1720 is first though and that level will be broken when the necessary number of sellers has been achieved.

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Direction is clearly up, Daily close bullish, above NY sess...retail trying to sell this ==> RB dream!

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Holy crap! I am just glad i got out. That spike down would have gotten me. If it somehow still goes up, then congrats RB, all i can say! Hey, what's a 'true candle'? You mean like one that actually breaks out of the range?

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I am tech trader too but they are too ridiculous across the board. Last h1 close isn't exactly awesome either. Won't sell this still because i don't like the techs but still...Have a great weekend everyone!

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Not even the mighty nfp initial reaction couldn't go below the marvelous h1 spinning top from yesterday. But it tried. 1.1720 needs to happen now.

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Last month nfp's 3rd m5 bar seems to contradict you. Let's see if this month will as well.

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Shutting down is best i think because you would want to trade it after few mins. This is his first time. You can always go back and see what happened next day, this is a marathon after all.

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Here comes the sweep. Hopefully.

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If it's on demo you can do whatever. If it's real money and this is your first nfp, shut the computer and do something else.

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