Update: first target hit, moved stop loss to entry point
dojitrader
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This does look rather bullish.
I was just wondering if you put more or less importance
on the hammer coming after a small up trend as opposed
to coming after a downtrend ?
If I'm reading your trade count correctly ---
what happened to the first 7 or 8 trades ?
Wishing you continued success in 2014 !
Technician
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I get ur point, but actually the two small up candles are pretty negligible compared to the overall bearish wave IMO. Also the strong rejection comes at a support.
Technician
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"what happened to the first 7 or 8 trades ? " i did not get it ?
dojitrader
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I'm probably not reading it right, but,
On the chart you put:
Trade 92 -- 9 to 100
So, I read that as trade number 9 to trade number 100 ?
Just curious what you're reporting ?
Technician
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sorry that was typo, i corrected it in description. It means, this is trade number 92 , 8** more trades to 100 .
dojitrader
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gotcha !
Hope there're all big profits ~~~~~
Technician
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Thanks,, to u too
cenascenas
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It's a falling wedge reversal pattern.
High point = 1.4970
Low point =1.4730
Projection = 240 pips.