One of the major reasons I use a TP is because I am not going to be there to see what happens. This is especially true on daily charts. Even though this pair has been going up and up, this trade is still counter trend. (In the big scheme of things.) ...

Silent Service Method

Thank you for the quick note. I look forward to when you have the time to share mate!

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Seems to make sense there. Needless to say (I can't really tell...) but have it about 15 pips above a round number. (ie "00", etc.)

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Hey - at least I am not here not posting and thinking...."I wish he would post more". Or something like that?

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I am not against this move, if it shows us some price action. I would telly ou to be patient. If it doesn't give you a clear signal, pass on it.

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Yes, but remember: You can't trust the Swedes. So how can you trade the SEK?

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Good question. Yes, I do....in a way. Basically, I am waiting for this area because it's such an obvious area of support and resistance. However, once we get to this spot, I would like to see some kind of price action. Maybe a pinbar or Outside Bar. ...

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Cool, just wanted to make sure you knew that. I saw you were a newbie. I would have answered about Oanda, but to be honest......I have never used them.

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One I am watching for next week. — This one is approaching a very interesting area..... 1.75 should be an area to watch in my opinion.

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I don't really have a view of dropping off, just that I am "biased" towards it. I don't want anyone to read too much into me saying something like that...I will let the charts tell me what's going to happen. At the moment it looks weak, but that ...

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I should note that U.S. residents are not allowed to trade CFD's. I don't know why, we just aren't.

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I don't take trades based on the opening typically. If I was to short it - it would be based off of a smaller time frame, that coincides with this chart. (If that made sense...)

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Neither this thread or the James16 thread are the correct place to ask this question. (I saw you posted the same exact post there as well.) There is a forum area for brokers, why not ask there?

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Update on UYG trade. — This is how the chart ended up Friday afternoon. I haven't moved my stops at all, nor will I until we get through $4, and decisively.

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Yep - you have a wall right under it....that's my first concern.

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Some of the shadier MT4 brokers allow trading "CFD's" which track the stock prices......North Finance, Delta, and a few others out there do it..... NF was a great demo account for me

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That's pretty much how I saw it...nothing really got me in today though.

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True, this is another great post. There is a lot more wisdom in this post than you know. Also, you could put that you need to be able to let go even when in a trade....that's the next step in my experience. It truly doesn't matter as much these ...

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If both of those pins failed, it surely would be a weak sign......so if it did - a short isn't a bad idea.

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Thank you for posting this, this is a great post. I believe in waiting for a break whenever possible of a bar. However, I also like the fact that there was a bearish pin previously, and you pointed that out.....perfect exercise in patience.

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