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    • Uturn2 replied Feb 4, 2013

      AU: I saw the turn down, but didn't want to Short it. I am planning a Long Term Long if it finally bases. Seeing a Leading Diagonal [wave i], and now a Flat Correction [wave ii]. MAs have turned Down = Fairly Bearish I had PA [Short] below 1.0435 ...

      PA by Julexo
    • Uturn2 replied Feb 4, 2013

      I'll be looking for a reversal pattern on a Lower Time Frame, as low as 100Tick. If I see a basing pattern, say a 5min Flat or Inverse SHS, I will take a Long. Very Low Risk IMO. If it happens at 125.16-21 great. If not, I will wait for 124.85-92. ...

      PA by Julexo
    • Uturn2 replied Feb 4, 2013

      Closest I can place a Stop Loss Order [which in reality is a LOSS ORDER] is 10 pips. I don't normally trade this pair, so will place a 20 pip SL and probably cut it loose manually at -10 to 15 pips if it struggles. Probably aim for 80 pips up = 4:1 ...

      PA by Julexo
    • Uturn2 replied Feb 4, 2013

      Hi P, Right at the bottom of the Pin Bar? I'm very new to PA, and put mine from the Top of the Pin Bar body [PA theory?]. Large range between them. Let's see where and when the buyers come in. Cheers, U2

      PA by Julexo