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damonl replied Jun 25, 2008update eurusd...... — i kept my short open from earlier and am now debating about adding another position at the next level. image
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 25, 2008eurusd chart update — that was a nice trade....I took profit at 1% after a retracement from 2%. Here is the new order placements image
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 25, 2008current fractal breakout points on gbpjpy above also coincide with a H4 inside bar. a break of these points may put us into our daily trend
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 25, 2008updated eurusd chart — trend has become bearish. due to the ranging market, i think i will not take any serious trades until a new fractal has formed after the psar reversal image
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 25, 2008updated eurusd chart — we have formed a new fractal, but looks like we are at the moment still ranging. since stops are tight right now, i will probably take a breakout of this new info. image
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 25, 2008at this moment, until things start moving it may be advisable to risk way less than 2%. plenty of opportunity will present itself as things start to tkae shape and usually these 1st trades when the market has made no move for many many hours is ...
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 25, 2008what's up..... — it seems that i will keep my profits small as we are in a range right now and there is no guarantee that london will bring us out of that range if you see other indicators on my chart it is because i am looking for ways to ...
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 24, 2008as a general rule..... — I am going to refrain from saying a lot while trading as I get distracted and miss trades, so for now i will probably just upload updated charts. the charts can be read as follows..... 1. Red horizontal line is my ...
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 24, 2008Hello Mohan... my entries are 1 pip above or 1 pip below the fractals, but only in the direction of the PSAR. most times i will also play a M30 gbpusd or gbpjpy breakout of an inside bar, and sometimes i will go against the early fractal, but only ...
Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 24, 2008Hola my friend....thanks for the indi
you bring up a good point, fractals will never repaint if they are present after 2 bars have closed behind them. please keep this in mind when using an early entry fractal happy pippin'Simple PSAR/Fractal Break Out Strategy
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damonl replied Jun 24, 2008updated eurusd chart — Here is my updated chart since PSAR short was breached. image
Simple PSAR/Fractal Break Out Strategy