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    Forums ›› Tools of the Trade ›› Educational Resources ›› High probability price action by Dr Cornelius  


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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

01-26-12 10:46 AM


Quote from oilfxpro:

It would not have made any difference if I place stops 100 pips away, cause we keep an eye ....there is no benefit IMHO.I listen to you guys , and one or two tips from Ammo and No Doji and others have helped , but I still enjoy the argument.

Here is something I learned from three people , it helped in this set up.

Thanks Guys.

This is why I give to the community , I am being grateful.



One other indication was the momentum on 1 minute was strong,if I had put in a stop of less than 15 I would have been taken out of a good trade. 20 pip works well for me.

price actio indicators.jpg
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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

01-26-12 12:02 PM

We now have a double bottom and long at 1.3148 stop 20.When price retraces to previous support ,it is a confirmed support.

double bottom.jpg
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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

01-26-12 12:43 PM

Dr Cornelius want to go long at 1.3160 because there are a lot of short stops above the price and we want to get them running and buying

shorts squeeze.jpg
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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

01-26-12 02:29 PM

A cup and handle formation on Euro /usd



http://www.investopedia.com/terms/c...p#axzz1kUA1UiuP

cup handle.jpg
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clightmarathon
 

Registered: Oct 2011
Posts: 247

 

01-26-12 02:41 PM


Quote from oilfxpro:

A cup and handle formation on Euro /usd



http://www.investopedia.com/terms/c...p#axzz1kUA1UiuP



Nice one. But did you short the handle?

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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

01-26-12 02:56 PM


Quote from clightmarathon:

Nice one. But did you short the handle?



This is a high probability thread.No.

You do that on other threads.

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