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sum_1 replied Dec 18, 2012POC = point of control Market profile indicator.... the ones i use are set for volume which means that the POC is the point of greatest volume for that day.
EURUSD
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sum_1 replied Dec 18, 2012London controls the board, The best setups are ususlly early in the London session. When they test and hold a certain level whether its a level set by Asia, or a previous daily volume level as was this case... just don't bet against it!
EURUSD
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sum_1 replied Dec 18, 2012Patterns.... test the previous day's "poc" then take it up. Of course the key is... London does the testing.
EURUSD
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sum_1 replied Dec 12, 2012Actually this trade was pretty easy to hold... I got what I felt was a "good entry" price so I could use pretty tight stops (for me this is key). Then there was the volume gap for fuel above, and I only had to hold a couple of days for 150+ pip ...
EURUSD
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sum_1 replied Dec 12, 2012There are two MP price magnets (VPOC's)... the lower one has (in theory) already been tested and left alone...for now. Leaving 3071 as a valid upside target. If they want to run some stops they will kiss the lower one (2993) first...
EURUSD