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Saxon replied May 20, 2010I'm going to watch what time it hits. If it is on an H1 close then I will enter manually and watch PA for a push through then correction, my guess is that it will find the right friction between "00" and 12618 (fib 50). It would suck if it found it ...
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Also, if AU PA makes it to daily Piv, might be a good place too
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Oh ya, emphasis on MIGHT, do some analysis and watch PA and make own judgement.

EURUSD
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Saxon replied May 20, 2010Confluence "00" 126 Fib 50 FE 100 "00" 126 Weekly Piv Might be a good place to short if PA arrives
EURUSD
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Saxon replied May 20, 2010Also lines up with FE 100 and Fib 50. So this is what is there: FE 100 Fib 50 "00" Previous Swing Top Weekly Pivot It is a confluence schmorgesborg
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Here is a shahab-style chart to give you a visual. I am finding that Black-on-White charts make it much easier to spot S/R. Might become a fixture for me.
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Might set limit at EU Weekly Pivot 1.2604, if PA gets there. It is also a "00". If I take it, will be a Short-Term trade.
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010How long, on average, do you wait before moving SL to BE? I usually set at 15-20 pips. But I am more short-term I think.
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010There are divergences (H4 with my MACD) across the board.
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Asia/Tokyo open is probably when I will book some more trades.
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Really, during volatile hours, FXCM can have Majors spreads up to 20 pips, I kid you not. I might need to switch one day
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Oh no, that is not my Forex Pool that I run, that is my broker, I was just comparing your and mine, and yours looks a lot more ethical (litigation cases). My Forex Pool is in the NFA database, but I'm not advertising it

Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010My FCM (FXCM) has had a bunch of litigation against it url
Nearly Naked (Simple Trades)
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Saxon replied May 20, 2010Anything you want to know about them url My HF is in there too
Nearly Naked (Simple Trades)