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Old 04-03-2007, 08:08 AM   #15 (permalink)
Dan
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Default Re: Catch Trade In Progress.

Quote:
Originally Posted by Dan View Post
Simple GBP/JPY chart.

We are still in an uptrend, clearly defined by the thick green trendline.

Pin bar is formed on the hourly and 4h chart. MACD has made a touble top. These are indications of topping, but I need more before entering a trade. No trade right now.

Regards,
Dan
Sell order below the 4 hour Pin Bar didn't get triggered. Buy order above the pin bar did get triggered, and resulted in +50pips. I am not even sure why I set the TP so low
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