Saturday, October 10, 2009

trend continuation


Once a trend is establish, i have a well laid down strategy for banking pips in the market as long as the trend is healthy.

this strategy is multi-time frame base. once the higher TF(Daily tf) frame is trendy, once an impulsive wave is established in lower TF, in the direction of the higher TF, i wait for a retracement to either 61.8/78.6 with various convergence and i ensure that stoc(833) of lower TF is well out of oversold/overbought region, crossed and hooked down, then i pull the trigger

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