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Ralffe replied Feb 2, 2018Yes but this pair is not very trend friendly. Like most cross pairs it is caught between a rock & a hard place. EU looks to want to go down & cad will be driven down by the USdollar. so this pair is likely to range.
SAFE - KISS
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Ralffe replied Feb 2, 2018I think we can safely sat AU has broken South. However. Every move has a pull-back. Even a candle. So. Wait on Monday for the daily candle to retrace ( probably 30% to 50%) before entering the trade after price starts moving down the candle again. ...
SAFE - KISS
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Ralffe commented Feb 1, 2018I think you jumped the gun with this article. The Dollar has fallen 7 straight weeks in a row, yet this week has failed to make a lower low & could well end up at market close above this weeks entry at 88.86. Signal to go long.????
Dollar poised for weekly loss despite higher U.S. yields
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Ralffe replied Feb 1, 2018For continuation add on trades you need to draw lines as per the magenta lines in this pic.
SAFE - KISS
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Ralffe replied Feb 1, 2018Good comments guys n gals Price is locked in what appears to be a wave 2. (Could be wrong) If I'm right we will get the move South early next week. It's worth waiting for & being patient. Could just as easy head North again so stick to the lines on ...
SAFE - KISS
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Ralffe replied Feb 1, 2018Yes it was too steep. However it was the white line I was refering to. It should have been drawn fro to left to bottom right To answer your 1st question the entry was at the red candle below the short magenta line
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Ralffe replied Feb 1, 2018The red line is correct & the entry is the next candle after the one you point to. Safety is paramount.
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Ralffe replied Jan 31, 2018My bet is that the US dollar will move up this month, then Trump or one of his cronies will bleat about other countries having an unfair advantage & down the USdollar comes again to finish off the current down trend. So if currencies change ...
SAFE - KISS
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Ralffe replied Jan 31, 2018Yes too steep can lead to false break-outs & premature entries. Don't be afraid to move the hinge left if the line gets too steep. Price action over the last few days is a prime example of this. Who knows. Price may continue North leaving you in ...
SAFE - KISS
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Ralffe replied Jan 31, 2018thickness of line..2 How did you remove the lower timeframe buttons on your MT4 terminal. right click on times panel I had circled. click custom. Remove what you don't want. would you ever consider moving your stop to break-even or better to ...
SAFE - KISS
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Ralffe replied Jan 31, 2018Excellent interpretation Mate. Those having problems should revisit the video on page 1. Stop & rewind the video when something doesn't gel.
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Ralffe replied Jan 31, 2018Who said anything about a 20 pip SL Please read what I say carefully. SL is set at 1st entry 20 pips above / below last high / low. As the line is moved SL is reset 20 pips above / below last high / low. Is this not simple & plain enough.?
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Ralffe replied Jan 30, 2018Very good. You can now move your 3rd line up or draw a 4th if you prefer.
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Ralffe replied Jan 30, 2018I see some good discussions & comments going on here. Nice to see most are getting the hang of the system. I don't spend a lot of time in front of the screen hence the development of a trend trading system. I will try to answer questions generally ...
SAFE - KISS
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Ralffe replied Jan 30, 2018You could. But would that be a wise decision. Only time will tell.
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Ralffe replied Jan 29, 2018AU short confirmed on the 1H & should confirm on the 4H next hour. May confirm on the Daily tomorrow.?
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