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Trading Systems and Strategies
Price Action Swing Trading - The PAST Strategy
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[QUOTE="Nigel Price, post: 47208, member: 25485"] Morning The Aussie weakened last night after the rate decision, which prompted a rally in the Eur/Aud, triggering my stop. So I have lost 0 pips so far this week. I will continue to look for shorting opportunities in Eur/Aud this week. As I said earlier, I will do a post later in the week explaining why. The next trendline I am going to keep an eye on is shown on the 1 hour chart below. You might draw a different trendline to me, there is no right or wrong. As long as it joins two or more points on a chart, it's a trendline. I just happen to like the one below because it has quite a few touches. I might enter on a break of this trendline if and when it occurs, or I might wait for a retest. When you enter is not what it important. What is important is that when you do enter you control your risk as tightly as possible, and if your trade turns out to be a winner, you give it every opportunity to grow into a large one. I'll update on this later in the day. :D [/QUOTE]
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