Joined Jan 2008
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Status: Worst trader in the world
|1,531 Posts
hi cscheat
this is what i meant by price sometime like to "play around" before it hit ur TP
Chart below we have sell at 150.090 then yellow arrow/1st arrow came out somewhere 140.594..so TP will be 140.090 but that candle closed or lowest is 140.110 then price kinda play around...but after 5 candlestick it finally hit TP..
Joined Jan 2008
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Status: Worst trader in the world
|1,531 Posts
bro another example..as u can see below...buy at 140.260, arrow out somewhere 149.74..so i will put TP at 150.260..(while locked my SL at 143.260) but as u can see it took like 12 candlesticks to complete the TP..
so u can either wait or just close it immediately.
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Joined Oct 2009
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Status: Choose a good PROJECTOR model
|717 Posts
Forex market will not be aggressive as before any more. For those who earn a living on forex has to think of others alternative.
Strategy has to change to long term and economy potential of a country.