daily chart
value set to 80 (changed 20th Nov 2008 - before 20),
when the price breaks out, I make the trade in that direction
SL wide as Keltners channel
the candle patterns, divergence, fibs, pivot for the detailed entrance
After the trade is set up I change The Keltners channel to 10 and finish the trade when the closing breaks the channel on the oposite side. Starting from 20 Nov 2008 - I protect my gains by trailing - or pivot, TL, Fibo, ema levels .
I re enter after retraces.
The system can be continous - for the exit it is not needed to change the value of Keltners channel - so while going out one can open opposite trade.
The system has been introduced in Murphy's "Technical Analysys"
Trade on mikro acc. accordingly to the Money management chart published on oneeuro (ff member) www
sometimes trade other pairs according to the same money management chart.
SL is also taken from there.
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