nothing much has come up on the system.
furthermore my focus has shifted to trading based on supply and demand.
so it may get pretty quiet here.
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audusd setup
setup on the AU.
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eurusd diverge sold 1.2710
i still keep an eye on the 25range chart
and when it diverges clearly like this (plus a lower high from the high high post spain bailout) i was more confident i guess.
but having observed it for many months. clarity is a rarity sometimes. and sometimes the best trade is no trade at all.
taking profit at a logical support zone. 1.2580. +130pips
i do have the 10range and 4 range. but quite tough using those when im trying to catch big moves like tonight.
and when it diverges clearly like this (plus a lower high from the high high post spain bailout) i was more confident i guess.
but having observed it for many months. clarity is a rarity sometimes. and sometimes the best trade is no trade at all.
taking profit at a logical support zone. 1.2580. +130pips
i do have the 10range and 4 range. but quite tough using those when im trying to catch big moves like tonight.
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