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Friday evening was not good market for this system so I can not give good example.
But, for example we had sell (see image). This sell was confirmed all the indicators except may be MACD. The target was 1.2268 (see image target_m15). Why? Because of H4 chart (see image target_h4): target is S1 on the image. But I placed profit level a little closer to the price. For example, we estimated the profit as 1.2268 for short so I placed 1.2270 or 1.2275.
And I do not know about i-DayOfWeek and dynamic support/resistance/trend lines on M15 chart because they are moving. So probable we may estimate the profit level according to these indicators/lines (some lines are very closed to the price and some of them not so we should select something which is not too far and not too close to the price).
Tomorrow I will describe about re-enter, about all the indicators (how to trade), Ichimoku H4 chart, about stop loss.
And will describe the situation when we may lose money (any system is having positive and negative attribute).
Last edited by newdigital; 06-18-2006 at 12:58 PM.
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