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RedCabbage replied Jan 28, 2009The level of yesterdays high in EURUSD was a better bet for a reversal simply because price rushed away from that level this means some orders were not filled and the same thing is likely when that level is revisited. Visually the difference is 2 ...
No Brainer Trades
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RedCabbage replied Jan 28, 2009Thats the place, they are in this thread too. There is repetition among the webinar videos but stick with it and watch them all. Repetition helps it sink in.
No Brainer Trades
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RedCabbage replied Jan 28, 2009It's a reasonable assumption, but unclear. The creator of this thread called it No Brainer Trades for a reason, his 1st post states that trades must ideally have a 90% certainty to be a NBT. BRV states clearly that he doesn't take trades at all the ...
No Brainer Trades
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RedCabbage replied Jan 28, 2009Reaction at that level is unclear. I want levels where I can see a strong reaction last time price was there. On a 4h chart look at EURUSD and see how long price stayed at 13329 yesterday. Then look at the reaction when price approached that level ...
No Brainer Trades
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RedCabbage replied Jan 28, 2009The level isn't strong enough - not enough sellers for me. The chart I posted earlier is 4h, so this tells us that price spent 3-4 hours at this level, plenty of time for all the sellers to get their orders in so next time we visit...
No Brainer Trades
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RedCabbage replied Jan 28, 2009EURJPY — 11950 is a historically significant daily level. The high of 11945 was price reacting to 11950 again. Depending on the timeframe and the significance of a level, it's influence could be +/- 10-20 pips.
No Brainer Trades
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RedCabbage replied Jan 28, 2009The level is actually 11916, not saying I would trade it though. Here you go
No Brainer Trades
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RedCabbage replied Jan 27, 2009Hi Shermenator hope you're doing ok Just going for some dinner Catch you tomorrow
No Brainer Trades
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RedCabbage replied Jan 27, 2009I'm not suggesting you should. I only use 5m for detailed PA to get a manual entry. What time frame was your set up in?
No Brainer Trades
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RedCabbage replied Jan 27, 2009Interesting. If I was an exec at Oanda I'd be very pleased, they are going to make a killing!
No Brainer Trades
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RedCabbage replied Jan 27, 2009CAD broken through 12271. 12380 is 38.2fib of last downtrend on 4hr.
No Brainer Trades
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RedCabbage replied Jan 27, 2009It depends BRVs guide (and many others) mention taking the same trade again sometimes or buying in (adding) at a lower level. However as I said in my post yesterday a move within 20pips of your target will weaken the next level by at least that ...
No Brainer Trades
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RedCabbage replied Jan 27, 2009Exactly theres a few s/r specialists on FF that are looking in unusual places for set ups. The majors are easily affected by news and many other factors creating 'noise' and making the charts harder to decipher. Some of these minor pairs have much ...
No Brainer Trades
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RedCabbage replied Jan 27, 2009libb How do you feel about that EURCAD position yesterday?
No Brainer Trades