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> Determining The Exit Point Of The Suggested Trades., How do you determine the exit point?
trendmaniac
post Mar 12 2009, 10:42
Post


Hi Julien,
I traded the USD/JPY this morning, successfully so, thank you.
I have looked at your chart which accompanies your suggestions, on this I have tried to
establish the determining factor for your recommended exit point. (94.50).
I would like to know why at that point? What on this or a longer term chart
gives you this point please.
This is not a criticism, as you normally spot on, if not you are surely there or thereabouts.
It is a request for clarification so I may learn as I go.
Thank you
Hans
Arnaud
post Mar 12 2009, 11:22
Post


94.50 was a daily support/resistance during the last 6 months and the moving averages are not far away
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