Take the case of GBPJPY for last 5 days
Monday it hit 12hrs & 24 hrs SELL levels i.e 149.75, 151.26
Tuesday it nearly hit 12hrs BUY Level i.e 148.62 {GAIN 236 PIPs}
Wednesday first it nearly hit 151.84 {GAIN 228} and then dived to 148.63 {GAIN 227PIPs}.
Thursday it traded in midrange from previous day low {GAIN 100 PIPs}
Friday it did make 100-200 PIPS move in mid-range.
So Monday to Thursday with just BUY/SELL levels in GBPJPY I tried to help you with nearly 791 PIPs.
Saturday, 14 November 2009
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Your post are so valuable. The more time I spend with them, the better I am at incorporating them into a trading plan.
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