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micho replied Oct 14, 2008i noticed something really funny... people including me tend to have a higher success rate with short positions instead of long positions. i guess you get a feeling that the price might go down all the time because of gravity so we get scared to go ...
Cable Update (GBPUSD)
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micho replied Oct 14, 2008i feel unlucky i only needed 1 year to make a fortune but no god had another opinion

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micho replied Oct 14, 2008well current strategy .. stand aside because females are confusing on this situation


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micho replied Oct 14, 2008only god knows, she doesnt know anything because females dont know what they want
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micho replied Oct 14, 2008i am not trading now until i go home and see the charts

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micho replied Oct 14, 2008next resistance 1.7652... if it breaks we go to 1.7697 then if it breaks to 1.7720
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micho replied Oct 14, 2008u can apply that to every chart... on every trend... from the 1 min to the monthly... and the stop loss and tp will vary from 5 pips to 2000 pips

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micho replied Oct 14, 2008yeah stop loss is above the 61% i dunno how many pips... but you would not go short on the 38% level everytime you see it, you have some rules like RSI on daily, 4H , 1H 5min and 1 min should be below 50 and current up trend not very strong... then ...
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micho replied Oct 14, 2008its not going to break the trend before testing 1.75 again which is the 38% of the daily fibo. thats why all the orders should be placed near 38% in every trend
Cable Update (GBPUSD)
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micho replied Oct 14, 2008yeah but target 2 is 1.7697 and then after that if it continues u have 1.7720 as a resistance and then a third target above it... dunno where cause i cant see the charts now
Cable Update (GBPUSD)
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micho replied Oct 14, 2008yeah we are on an uptrend... we should buy retracements but someone wants to short the retracements

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micho replied Oct 14, 2008well i dont know... the trend is strong so maybe a small retracement or something

Cable Update (GBPUSD)