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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (18408)9/30/2016 12:37:24 AM
From: John Pitera  Read Replies (1) of 33421
 
a more detailed explaination of the AUD trade.

So even with the legging out on the way down had pretty good levels ..... the market cover at .7642..was just before the large upward retracement into noon today .... the AUD subsequently had another big hit down

if you study the chart and the set up chart 2 days ago I was long 6 AUD... I then sold 8 for a net short of two and the -7 Market that you see at the .7680 level was us selling 7 more AUD short as our models were showing greater conviction.



and thus a more robust trading system is comprised of several components.. a swing trade system, a congestion regression to the mean system as well as a longer term trend trading system.

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this is the chart that was the set up before it unfolded.



JP
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