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hey stevenali i think u have a great system from ur first post and u r making this system more simple and more profitable..i admire ur work..
i want to ask u about ur last version ...can u make a little summary and explain what are the rules ? are the crosses our main taget to enter a trade?
also i think rsi (14) with level 50 ...can help us so much...if the rsi is above 50 so we wait for a long position adn we wait all the rules also vis versa
thanks
regards
Last edited by salamdo; 09-28-2007 at 07:26 AM.
Reason: put name
any thoughts on which way it will go from here. it has broken out upward of the first triangle and has now come back to retest the top of the triangle. Will that be support or will the other trendline hold?
Interesting, I think a lot of people are expecting gbp/jpy to break lower again, simply because the triangle is at the bottom of a downtrend.
Nice trade stevenali I was doing some volunteer work and missed it. Ill get the next one. Did you switch to 30min chart to catch it?