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#12 (permalink)

01-09-2007, 08:40 AM

generaldee generaldee is offline

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Join Date: Dec 2006

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not sure if have missed anything but isn't this just simple breakout trading ??? if a candle close's outside a support or resistance line and the next candle moves 5 pips more in the direction of the break take the trade in that direction?

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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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