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Here are 3 images from the release this morning. Pending orders are the same in this case.
The news EA would have worked in this case, but it does not allow you to leave lots on unless you only take profit at 1 and 2 and put the 3rd take profit area way out. I always leave a few lots on unless I have a reason not too. The pair has pulled down another 40 pips tonight.
So the news release carries us into the market and a good trade and we ride it to the OTL (outer trend line), which in this case is around 1.9925 if it keeps dropping and there is a support level there as well off the moves up from the other side. By leaving lots on, we dont have to find another entry later.
Last edited by Money Duck; 05-02-2007 at 04:51 AM.
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