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Strategies & Market Trends : LET'S PLAY IN THE FOREX..AND NOT GET LOST!

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To: CapitalistHogg™ who wrote (194)7/18/2007 7:15:56 AM
From: RockyBalboa   of 247
 
Here is what the retail side does:

Day Trading the Guppy
Tue, Jul 17 2007, 18:13 GMT
by Jordan Lindsey

JCL Capital

Current Outlook – The Guppy is in a clear up trend today tradign beyond the last pivot point of R3 by over 100 pips.

We are long here from 250.33

[18:03:42] varora: jordan, what you look for a TP in a trade like this?
[18:05:49] jordan: Only looking at SL right now which will be in the 249.72 area
[18:06:05] jordan: [17:37:16] jordan: we don't have any pivot lines as a guide since the support at R3 is 100 pips away. On the 5M the low of the bars from 14:55 to 15:05 is our stop loss
[18:06:29] jordan: we have a up trend day on a pair that is a HUGE uptrend overall
[18:06:44] jordan: so we will take (TP) whatever it winds up giving us
[18:06:49] varora: yep i got that
[18:07:43] jordan: with no resistance at all above us, we just want to put overselves into a profitable trade and try to give it room to continue to go
[18:11:08] varora: thanks .. !! gotaa learn a lot from you.. !! if i knew this before , I would have never missed a fortune of pips, i was always afraid of a uptrend to fall down.. and later only to find that it goes to the skies..
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