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IF top is in for AUDUSD pair, we are now bouncing back to re-test the break-out of up trend line. Personally I dislike such breakout trades as statistically 95% of time this will lead to suck people on the wrong side…I believe you were short as per daily prior high as well as near 38.2% rec., which is all right, question is where to take some profit, I would think of this trade as counter-trend, so OVERLAPPING measure move for both bull and bear scenario should be incorporated into exit strategy…at least for half or part of the position. Alternatively, Daily has only 1 unfiltered leg up with one more pushing for new high being highly possible, thus, my trading plan is to buy confirmed reversal following clear wave down, of course I need strong divergence on my side. |
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穿越澳大利亚 -- 墨尔本到达尔文 (2009-9-7) JackZhang 
湖泊，峡谷，遍地彩雀 – 这里是新西兰南岛(全文完） (2009-1-2) hilltop-bear 
发表于 2011-10-12 15:04
