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FXCapitalist replied Oct 20, 2008The longer down pitchfork won and it's breaking to the downside. Lets see if this down move can be maintained.
EUR/JPY
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FXCapitalist replied Oct 20, 2008Accelerating trendlines eventually call for abrupt reversals so look to fade the steeper it gets a vertical move that gets closer to 90* is usually an unsustainable move.
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FXCapitalist replied Oct 20, 2008FibForks — Here are some multiple pitchfork fib analyses, E/J in the m1 would either break to the upside or collapse back down into the larger longer possible downtrend.
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FXCapitalist replied Oct 20, 2008Islander, as for the relevant pairs such as the majors, sometimes I don't have the patience to wait for their breakouts. E/J is more interesting for me. I simply trade what I see. So you better get converted
. I think I might have answered your ...EUR/JPY
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FXCapitalist replied Oct 20, 2008When I studied risk management I learned that trading correlated pairs can be devestating if both reversed inadvertedly, yes gains might be magnified losses as well, I would use correlated pairs for hedging using the pair with the higher ATR ...
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FXCapitalist replied Oct 20, 2008When I'm undecided I straddle the pair. One will win. Just like this. As this posts I think the upward break will commence.
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FXCapitalist replied Oct 20, 2008Look at the context and I think you answered your question

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FXCapitalist replied Oct 20, 2008when did you get in at 137.07 it hasn't been there for like 4 hours. I'm looking at the overlap of the Weekly pivot and R1 I believe any touch around that area and a reversal would be a fair entry.
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FXCapitalist replied Oct 20, 2008I was right about the sell off it happened right after I posted the previous post. nice

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FXCapitalist replied Oct 20, 2008She's slowly trying to creep back up to 138.XX I see a possible sell off at 137.80 if not just before 138.xx
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FXCapitalist replied Oct 20, 2008You still long? I see the next target is the Daily R1 at 137.3 if it blows past that then the Weekly Pivot and possibly a reversal. If not then the Daily pivot would be the next point of significance.
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FXCapitalist replied Oct 20, 2008All good I closed all my positions and I shorted at 137.71 ok down move so i moved the stop to BE just to be safe, I never ever give back, I tend to focus on 1 pair only and not let the others distract me. Remember Diversification is an excuse for a ...
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FXCapitalist replied Oct 20, 2008Reversal Hedge — Locked profits no matter what if i get stopped out the 1st positions are profitable. cheers this short might be the start of a collapse back to the Daily Pivot. If I dont get stopped the profitable ones will keep on going and ...
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FXCapitalist replied Oct 20, 2008Islander she's looking good right now just keep an eye on R2.Ill add if it punches and closes above that it's doubtful it will unless the German news is quite good. I moved all stops to BE + trail I can't lose now. my expectancy ratio will go up

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FXCapitalist replied Oct 20, 2008Sure thing. — Ill be watching that area closely, Ill tighten my stops if I decide to take a nap. 1 thing about me I never ever want to give back what I take from the market. Around 1.3864 is where I'll start to pay close attention it's the ...
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FXCapitalist replied Oct 20, 2008Added another. — 1 more buy and more later. also added equity balance progress
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