I wonder what kind of position size will need to be used to trade such a large range

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Looks like we may not see a nice pin after all, I dont see any momentum for this to drop around 100 pips

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I *think* it has to drop another 100 pips for a nice pin. Also I do see a break in LTL on 1H chart, any body else see this or I have my TL's wrong?

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Right click on the MT4 chart, save as picture and you can save it.

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Is your trade still on?

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if your SL is already in BE, i think you have nothing to bother about . As I posted earlier, the major S/R area I see now is 131.5x, if this does not break that, this is going down hard. Considering that I would say, your entry is as good as it ...

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The big question is where will be your SL?

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Hi Low, How many pips do you wait before moving into BE?

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I am a newbie trader, I'am also still learning all these and I dont do this very actively. It is easier to add positions to your trades when you trade higher tf's and when market is trending, especially when there is a channel and PA goes in that. ...

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I reduce the position size to avoid exposure, then keep adding position when I get comfortable.

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I have often seen that when PA is around the round number it goes wild. It might have worked out, we will see. My reason behind th short bais is the recent S/R area seems to 131.5x, if it breaks then the next stop could be 135.xx area and in the ...

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SL taken out... — Have to lick my wounds I guess... Another lesson learnt today is never ever place SL close to a round number...

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Moving SL.... — I also want to say that moving SL is not considered good practice, in this case I moved the SL because I felt it worth the risking of extra pips, time will tell if it is or not and I do not suggest this to all.

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No, moved my SL — Not yet, It was pending order which got kicked in the spike move below. As I was looking at the charts I did not feel comfortable with 130.20 SL considering the way this thing has run up(my 40 pip SL would be gone in 1M wild ...

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I have a short placed at 129.80, SL 130.25, lets see where she goes... EDIT: 130 seems to be holding for now...

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A pin bar? — Is it me or do I see a pin bar forming up in 4h chart

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And news did help it to go to 130 fast....

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129.50 might be the key.... — If it breaks 129.50 convincingly, then I guess we will go more upwards, else a U turn back in to the 4hr down trend channel... thats what I'am thinking.....

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This has already run up so much for today, how much more will it go?

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Which way??? — If it follows pattern, it should go down next. Lets see what happens

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