Ah... that would explain it, my DP is the same as shown by the site... As for the trade just now, yup, my resistance was at 5751, should have got in once after it broke the resistance and held.... Ok, have a clearer picture now...

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Think I beat you to the cake on asking stupid questions to Cloggie...

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Ok before Frankfurt open, price was ranging 5710-5720, once Frankfurt open, I didn't enter even though it went up, then it came down to retest the range once more... up and down, so once London opens, the 1st bar went up, I didn't go in yet cause I ...

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I was worried to be caught in a fake breakout.... but I guess that doesn't really happen so often during London open does it? Anyhow, yeah, just need to build up the confidence that my setup is right....

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Both 5m and 15m charts, on 5m chart it looks more obvious.... if it ranges around this area for awhile, i'll draw a box out and will only go in once it decides on a direction, up if it breaks this resistance line and retest as support, or short if ...

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Hi cloggie, That explains today's movement, missed out on the London move cause I wasn't sure when to enter it, just checking, do you have resistance at 1.5811?

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Gotta run too, time to fall asleep here, its 2am already, thanks so much for the advice Cloggie, see you next week...

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Found it, thanks...

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When you mention the price holding or goes like this, are you looking at the end of 5m charts or 1h charts?

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Star, may I know how to draw boxes on the MT4? Can't seem to find the button for it....

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How do you draw those boxes??

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Ok, and what is the significance of the 2 trendlines crossing? And what does it symbolize for this 5m chart that you drew out?

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May I know how you draw the TLs?

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Hmmm... I'm looking at the m5, wouldn't you consider them in a range now?

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Ok, thanks for the help, looking forward to next week, will analyze this weeks lesson during the weekend... And will check up on London breakouts...

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Hi Star, Since we're both learning from cloggie, maybe we can keep each other in check while we're trading...

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Ok, more things to understand and learn, what if there was a fake breakout? Will you know about it? So far now I know that Frankie will always have a fake breakout and I will stay away from that trading time, only start during London open... have ...

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Ok, so you used the DP as the bottom of the range because when London opened it kept on hitting that support, and Frankie fakes high as the top of range because of the resistance from yesterday's high, and if the price broke out from either ...

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I looked back at the post that you answered Stars question, and knowing the range and breaking out of the range.... so for range, you use the 5m chart? Is this the 'box' you both are mentioning about? Looking back at todays trade, after Frankie fake ...

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Hi Cloggie, don't bother about idiots, they can harp all they want, but thanks for being patient to answer all the questions we throw at you, I learnt something from your teachings to Star also, cause I have that exact same problem with Frankie ...

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