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19/08/2010 01:44:13
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RANGE TRADING - Convergence of Price and Time and Technicals MT3 called long I AM LONG IN ANY CASE----
7.30AM
FIGURE 1.5500
Convergence of price and time MT Range ATR HTF is 50%+ before the London Open
Weekly Support
Intermediate trend up
Reasoning - We are looking to get in before the open
Looking to avoid the manic whipsaw rush of the 30min open range
We are in at 7.30AM - premarket
We are good to go long The intermediate market is long - We have had a large 500pip pullback to mid weekly range The daily range is the green line - the top blue the 10 day Daily average we have already done 50% of it in the premarket... We are going to ride this trade through the open and the opend ragne and get propelled up or stopped out... TIME WISE- I am going to exit at 14:00 or 16:00
mayvbe take a SAR
SAR
Convergence of Tehcnicals and Time
Stop and Reverse
14:00
Bounce off FXMAX Max Line
Time to exit MT Range ATR HTF is 125%+ before the NY Open
This market has run its course
We did not break throught the high of yesterday Exit at FXMAX Green Long MA close under and then above or open rejection or 16:00
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