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Forex Trading 2018- TA/FA- Setups and discussion, page-3079

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TwoHandsRevy

815 Posts.

21/05/18

19:36

Post #: 33240215
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Originally posted by RickM ↑

Hi Sharks

Thanks for pointing that out. As I was in and up 70 pips, I normally wait for a strong reaction before it forces me to close.

I was looking at my classic Kings Candle trade here where you can see my entry point and Lot size.
I entered at Supply zone why I was hoping for the " Intend to move " candle to appear.
When that occurred, there was a very high chance this move will make the next target at the Monthly at 111.33.
This is a live trade and currently at 107 pips profit but I am expecting consolidation this time around the current price.

Again I will be looking for a reaction to either stay or close.

View attachment 1113483

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lol Rick, i think im getting pretty much the exact same trade as you, I got in long last week at 110.171.
Moved my stops up as on the 5 minute its 'consolidating' at a 'supply' area. Below meme relevant
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