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PeterE replied Feb 17, 2011it's a bit of a bull flag on 60m isnt it! .
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PeterE replied Feb 17, 2011Olu, entry is at 1.0103ish, SL 1.0073ish, TP 1.0183ish i say 'ish', because it can be dynamic, as you know ------------------------ yes, you might be right re a move down for AU, but i tend to just use the median lines and market structure upon ...
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PeterE replied Feb 17, 2011thankyou, really, just a learner though
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PeterE replied Feb 17, 2011re your EU60m trade, how much do you consider market structure when sourcing trades, if it all? because this type of MS on EU 60, shown in my chart, puts me off the short you have selected am interested to know! thanks .
Parking Space
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PeterE replied Feb 17, 2011my strategy says no short until break of the blue median line (@yellow) and good close below it ...........but that's just my style .
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PeterE replied Feb 17, 2011Olu, UCh240 good close (@1600GMT) below that red line = short signal for me 0.9530ish TP 0.9400ish but dont quote me
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PeterE replied Feb 17, 2011i have a target of 1.2900ish, from here price may come back first though .
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PeterE replied Feb 17, 2011EU60, if it makes it will it hold given the bad news? .
Andrews Pitchfork (Median Line)
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PeterE replied Feb 16, 2011here is a recent example (ACh 240) of an ML short i would have liked to take but couldnt find the market structure to confirm entry, your CCI may have helped in this instance short 0.9800, TP 0.9560ish .
Parking Space
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PeterE replied Feb 16, 2011Hi FxCube I like what you are doing here, nice and simple! My main trading tool is the median line. The way I trade median lines is to open at the median line because I consider it the lowest risk entry price. However, whilst median lines do a great ...
Parking Space
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PeterE replied Feb 16, 2011Olu, nice work here, hope it continues for you. re USDCHF, my analysis says downward momentum also but would also like to see price retrace back to the yellow circle area, for better short entry 0.9700ish.........perhaps will not happen good luck! .
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PeterE replied Feb 15, 2011daredevil, this is all i've got on eu240 at present in the way of MLs
Andrews Pitchfork (Median Line)