The idea is basically this: Shit happens. It happens in life, it happens at work, and sure as hell is going to happen in a marketplace. You should never take this too seriously. It leads to ulcers. Sometimes trades fail. It's that simple.

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Wayne, I would advise you to get a demo account from GFT, mainly because they offer so many pairs. I am not a fan of the position sizing, (cannot trade less than 10,000 units) but I love the fact that so many pairs are available. This gives you a ...

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Ok, here's the thing: We are not playing in a centralized market. This means that whoever there liquidity provider is, perhaps that price is higher, or lower. There is no law that says that all brokers have to be at the same price. In fact, they ...

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Yeah pretty much. The "WHY" is for the weak - it doesn't matter WHY, it matters WHAT. Even if you had a reason, does it change your account balance? Just a thought.

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Hell....I say go up to 1.30, I will short it there! To be honest, I am looking to re-short, but I haven't gotten the signal yet. The higher, the better in my opinion. CW

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The last bar is a pinbar, not a A+ one, but one none the less. I would have entered about 10-20 pips below that is all I was saying.

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I have to agree with Tia about the time frames. In my opinion, it's about price, and reaction to it. The stops at Price X don't care if it's done on a 5 minute pinbar, or a BEOB weekly......it's all the same. Besides, time doesn't actually exist. ...

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I want all of you to read this post again. These are great words.

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Truthfully, I would like to see the price break below that "pinbar", but you have the right idea. Besides, it's just a bit more aggressive your way - and fortune favors the bold. Fair enough analysis though. Welcome to the thread.

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How do you have an 8 hour chart through IBFX? I can only do 4hr and daily?????

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I have .60 as the area to watch.

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i bought at 15.1699 a share. i have room.

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sure enough.... my contracting business is actually named Normandy........ in a nod to the birthday, and my step-grandfather being there.

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I would take it 15 cents or so below that bar.

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A potential setup, and a good example of how news trading is crap.

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hel13rock - I just saw the "I dig a wolfman" signature. lol. I checked your profile, turns out we have same birthday......I am 6/6/71

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welcome femfam

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As far as the place, I agree....it's not a bad place to buy. However, I like to find some kind of price action bar to give me the signal. I highly recommend buying "Pring on Price Patterns" by Martin Pring. It's the bible of James16 group for ...

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PPZ is Price Pivot Zone....(Or a Support and Resistance line.) BEOB is a Bearish Outside Bar And yes, he is saying it's a nice short.

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I think we are starting to see the next leg down. Just my opinion though.

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