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    • TheLastCoke replied Dec 8, 2012

      The CUTL Confluence was lost, so we lowered the risk and kept the setup valid Reason 1 CTE (Clean Touch Entry). Observe that price didn't make any retracement before our entry, we can determin this by measuring the average candle move which was ...

      Backing Trades Thru Charts
    • TheLastCoke replied Dec 8, 2012

      Reason 8 RBE (Rectangle Before Entry). This CAD/JPY setup was weak (reason why it didn't have trading levels) but it wasn't formed too close to the entry so a Rejection can be expected in this scenario. Keep in mind that Rectangles usually break in ...

      Backing Trades Thru Charts