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Hi my friends,
This day (04/01/08) was very interesting. I took two positions and put on my pocket +172 pips.
Watch the videos:
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Make a double-click, please
Commentaries:
I entered directly on the red candlestick because prices crossed his high immediately. But, you can wait a blue candlestick if you want a great confirmation.
I wait a divergence but you can go out when prices touch the "-38,2%" level if you have difficulties to find a good exit.
When prices go against your signal, don't panic, follow your plan and don't change your stop loss.
I'll create a free forex ebook to help you better to understand my setting, entry, stop loss and my exit.
In the 2nd trade, you can see I enter on a UP candlestick. Don't anticipate a daytrade, just follow the market prices.
Put your first Stop loss under the first dot SAR parabolic that you use to find Low and High. When your High are crossed, put you stop under entry zone.